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Ather Hits D-Street
Concluding its year-long journey, Ather Energy
is all set to list on Indian bourses today. The EV juggernaut’s IPO comprises a fresh issue of INR 2,626 Cr and an OFS component of up to 1.1 Cr shares.
Ather’s Risky Bet: Despite deferring its IPO due to ongoing market volatility, tariff wars, and Indo-Pak tensions, the EV maker decided to forge ahead. As expected, its public issue saw a lukewarm response, closing with an oversubscription of 1.43X. For context, this was nearly a third of rival Ola Electric’s 4.27X…
