Ather Energy, backed by Hero MotoCorp, is set to launch a ₹3,000 crore IPO on April 28, ending a two-and-a-half-month drought in India's primary market. Valued at ₹9,900 crore pre-IPO, the offering includes ₹2,626 crore in fresh issues and ₹350 crore in offers for sale. The company plans to use IPO proceeds for capital expenditure, R&D, marketing, and debt repayment.
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