Ather Energy’s IPO, valued at Rs 2,981 crore, is a blend of fresh equity and an offer-for-sale. The fresh issue involves 8.18 crore new shares, helping the company raise Rs 2,626.3 crore to fund its expansion plans. Alongside, existing shareholders are offloading 1.11 crore shares through the offer-for-sale route, amounting to Rs 354.76 crore.