Ather Energy IPO: First mainboard public offer of FY26 to open on April 28; issue size cut. Check details here

The Upcoming IPO: As the Indian stock market regained lost ground, the first mainboard public offer for the financial year 2025-26 (FY26) by EV maker Ather Energy is set to hit Dalal Street next week.

According to the company's red herring prospectus (RHP) filed with market regulator SEBI, the initial public offering (IPO) of Ather Energy will open for subscription on Monday, April 28 and close on Wednesday, April 30. The anchor investor bidding date has been fixed as Friday, April 25. 

The price band for Ather Energy will likely be declared tomorrow, April 23.

Ather Energy IPO Size

Electric scooter maker Ather Energy has slashed the size of IPO, as it now plans to raise ₹2626 crore via fresh share sale as against its earlier plan of ₹3,100 crore. 

Moreover, the offer for sale (OFS) size has also been reduced. The existing shareholders will now offload 11.1 million shares, down from 22 million shares earlier, showed the company's RHP.

More to come…