US EditionLacklustre Debut! Ather Energy share price lists 2% higher at ₹328 on NSE
- Ather Energy, an electric two-wheeler maker, listed shares at ₹328 on the NSE on Tuesday, May 6, 2025, with a 2.18% premium over its ₹321 issue price.
- The listing followed a three-day IPO subscription from April 28 to 30, which was 1.43 times subscribed due to strong demand from retail and institutional buyers.
- The IPO raised ₹2,981 crore through a fresh equity issue and an offer-for-sale by promoters, with plans to fund factory capex, debt repayment, R&D, and marketing.
- Ather Energy held an 11.5% market share in FY24, reported ₹1,753.8 crore revenue with losses over ₹1,059 crore, and faces ongoing challenges achieving profitability.
- Despite listing gains, shares traded below grey market prices and experienced volatility, leading experts to recommend cautious investment due to high competition and risk.
11 Articles
11 Articles
Lacklustre Debut! Ather Energy share price lists 2% higher at ₹328 on NSE
Ather Energy IPO listing: On the NSE, Ather Energy share price on listing was ₹328, a premium of 2.18%. Meanwhile, on the BSE, the stock debuted at 1.57% premium. The listing was lower than what the grey market signalled, as ahead of the stock market debut, Ather Energy IPO GMP today was ₹14.
Business not availing PLI scheme tend to be more 'disciplined' in capital: Ather Energy CEO
Mumbai, May 6 (PTI) Businesses not availing PLI scheme tend to be more "disciplined" in capital (allocation) besides more durable in pricing and margins, Ather Energy Co-founder and CEO Tarun Mehta said on Tuesday as the shares of his company started trading on stock exchanges after a Rs 2,981-crore public float.Mehta also sounded bullish on the domestic EV industry and said that Ather was set to play a major part in the domestic premium e-two-w…
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