Ather Energy cuts IPO size; NIIF, GIC trim offer as Binny Bansal's 3State pulls out
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Ather Energy cuts IPO size; NIIF, GIC trim offer as Binny Bansal's 3State pulls out

By Malvika Maloo

  • 22 Apr 2025
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Ather Energy cuts IPO size; NIIF, GIC trim offer as Binny Bansal's 3State pulls out
Ather electric scooters are seen outside the showroom in Mumbai, India | Credit: Reuters

Electric scooter manufacturer Ather Energy has trimmed the size of its upcoming initial public offering, with promoters and major investors also significantly revising their initial exit plans. The Bengaluru-based startup had filed preliminary documents for its public listing in September last year and received approval from the market regulator in December.   Ather ......

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