Electric vehicle maker Ather Energy is considering reducing the size of its initial public offering by at least $50 million.
Investors are looking to offer fewer shares in the sale, leading to the decision to cut back the IPO size.
Ather Energy is still planning to go ahead with the IPO in the coming weeks.
It is also considering a small reduction in the valuation it is planning to seek, and may pursue a private placement instead if investor sentiment worsens.