New Delhi, April 24 -- Ather Energy plans to restart its activities in the primary market this month with its highly awaited initial public offering following a pause of two and a half months. On April 22, the electric scooter manufacturer submitted a draft red herring prospectus for its IPO to the Securities and Exchange Board of India (Sebi).

Ather Energy IPO price band has been set between Rs.304 and Rs.321 per equity share, with a face value of Re 1. The allocation of shares for anchor investors in the Ather Energy IPO is expected to take place on Friday, April 25.

The Bengaluru-based company aims to provide significant returns for investors like Tiger Global and NIIF within the electric two-wheeler (E2W) market, which emphasizes th...