Ather Energy lists losses since inception, negative cash flows as key risks to IPO

Ather Energy will enter the primary market next week. A cause for cheer on IPO street — which hasn’t seen a mainboard entry in the past two months — the public offer comes with its own set of risks. From a long list, shaky financials, cash burn, and stagnant market share are the key ones to look out for.In the red herring prospectus (RHP) for its IPO, Ather mentioned that it has incurred losses since its incorporation. The company came into being in 2013. The electric scooter maker reported stagnant revenue at Rs 1,753.8 crore in fiscal 2024 and…