 "Ather Energy")
Electric vehicle maker Ather Energy has cut the size of its planned IPO by a fourth—from ₹4,000 crore earlier to ₹3,000 crore—according to merchant bankers familiar with the development. However, the company is going ahead with its maiden offering in May, delayed by a month from its original timeline.
The move is significant at a time when several other companies are reconsidering or indefinitely postponing their IPO plans amid sharp stock market corrections and uncertainty on the bourses, triggered by global crises following Donald Trump’s imposition of high tariffs. Ather, however, has decided to take the plunge.
The company is
