Electric scooter maker Ather Energy receives Sebi nod for IPO

With this, the Hero MotoCorp-backed company will become the second EV maker in India to go public, after Bhavish Aggarwal-led Ola Electric. The IPO includes a fresh issue of equity shares worth up to Rs 3,100 crore and an OFS of up to 2.2 crore equity shares by existing shareholders.