...
...
Next Story

Ather picks HSBC, JPMorgan, Nomura, Indian banks for IPO: Report

Ather IPO: Through the IPO, the company seeks to raise as much as $400 million in a share sale, the report claimed.

Published on: Mar 05, 2024 01:19 PM IST
By HT News Desk
Prefer HTon Google
Advertisement

Electric-scooter maker Ather Energy Pvt has picked HSBC Holdings Plc, Nomura Holdings Inc. and JPMorgan Chase & Co. for its initial public offering (IPO), Bloomberg reported citing people in the know. The Bengaluru-based company also selected local banks- JM Financial Ltd. and Axis Bank Ltd- for the first-time share sale, the report added.

Read more: Exicom Tele Systems IPO listing: Stock debuts at 87% premium over IPO price. Check all details here

Ather IPO: Ather IPO is likely to take place as soon as the second half of the year in Mumbai,
Ather IPO: Ather IPO is likely to take place as soon as the second half of the year in Mumbai,

Ather IPO is likely to take place as soon as the second half of the year in Mumbai although it depends on market conditions, the report claimed. More banks could also be added by the company. Ather has been selecting banks for a listing that could value it at about $2 billion, it was earlier reported.

Read more: Mukka Proteins IPO allotment: How to check status online, all details here

Through the IPO, the company seeks to raise as much as $400 million in a share sale. The report did not give details of the size and value of the IPO.

Read more: Purv Flexipack IPO listing: 266% premium over issue price. Check details here

Ather's other backers are Flipkart co-founders Sachin Bansal and Binny Bansal and Tiger Global Management.

 
ABOUT THE AUTHOR
HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

initial public offering
Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator
Home/Business/Ather picks HSBC, JPMorgan, Nomura, Indian banks for IPO: Report
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe