Indian e-scooter maker Ather's shares close 7% down in trading debut

Indian e-scooter maker Ather's shares close 7% down in trading debut

MUMBAI -- Shares in Indian electric scooter maker Ather Energy ended their first trading day on Tuesday down 6.5%, highlighting weak investor sentimen

Bhavish Aggarwal applauds Ather Energy's stock market debut, calls it a win for India's EV future

The IPO includes a fresh issue of shares valued at ₹2,626 crore, alongside an offer-for-sale of 1.1 crore shares by existing promoters and investors.

Ather Energy Share Price Falls After Market Debut

Ather Energy (NSE: ATHERENERG), the Bengaluru-based electric scooter pioneer, made its long-awaited public debut on May 6. But instead of a victory lap, the company’s stock fizzled after an early pop, exposing the market’s growing scepticism toward high-burn EV startups. The ₹2,981 crore IPO was only just oversubscribed, and even with backing from heavyweight anchor investors like the Abu Dhabi Investment Authority, Ather’s first day on the bour…

Ather Energy Ends First Trading Session 6% Below IPO Price

After a muted IPO and listing, EV major Ather Energy ended its first trading session 7.22% below its listing price at INR 302.50 on the BSE. Compared to its IPO price of INR 321, the company’s shares crashed 5.76%.  Earlier today, the shares of the EV company made a muted debut. The stock got listed at INR 326.05 on the BSE, a premium of 1.57% to the issue price. The shares touched an intraday low of INR 300, a decline of nearly 8% from the list…