Ather Energy IPO, April 23 -- Ather Energy is poised to end the two and a half month pause in the primary market later this month with its highly anticipated inaugural public offering. The electric scooter manufacturer submitted a red herring prospectus for the initial public offering to the Securities and Exchange Board of India (Sebi) on Tuesday, April 22. This will mark the first IPO since Quality Power Equipments' Rs.859 crore offering on February 18.

The Bengaluru-based firm will allow investors like Tiger Global and NIIF to reap significant profits from their investment in the electric two-wheeler (E2W) company focused on the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, an...