Electric two -wheeler The vehicle manufacturer Ather Energy IPO has been waiting for a long time. However, it is known when this IPO will come now. Indeed, the company has taken an important step towards the much -awaited initial public issue (IPO) by converting its outstanding compulsory preference shares (CCPS) into equity. According to merchant banking sources, the step is part of the company’s IPO preparation. The company’s IPO is expected to arrive in April. According to the documents lodged with the Company Registrar (ROC), the board of directors passed a resolution on March 8, 2025, with approved to convert more than 1.73 crore outstanding CCPS to 24.04 crore perfect equity shares. These shares with one rupee inscribed value will be equal to the existing equity shares.
Company moving fast towards IPO
According to the capital issue and disclosure requirements (ICDR) regulations of the Securities and Exchange Board of India (SEBI), all CCPS should be converted into equity before filing the draft (RHP) of documents. This step indicates that Ather Energy is moving rapidly towards its IPO, which may be one of the first IPOs to be introduced in FY 2025-26. Ether filed a draft of documents in September last year to set up an electric two -wheeler plant in Maharashtra and raise funds to reduce debt.
Preparations to raise Rs 3,100 crore from the market
According to the documents, the IPO will be a combination of new issues of equity shares worth Rs 3,100 crore and a combination of selling of 2.2 crore shares by promoters and investors. In August last year, after an IPO of Rs 6,145 crore of Ola Electric Mobility in August last year, it will be the second electric two -wheeler company preparing to bring a public issue. The IPO of Ola Electric included a new issue of up to Rs 5,500 crore and OFS of 8,49,41,997 equity shares.
Latest business news