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Ather Energy IPO receives lukewarm response on Day 1
The New Indian Express Dharmapuri
|April 29, 2025
THE initial public offering (IPO) of electric two-wheeler manufacturer Ather Energy Ltd (AEL) saw a lukewarm response on the first day of bidding, with the issue being subscribed to just 16%.
THE initial public offering (IPO) of electric two-wheeler manufacturer Ather Energy Ltd (AEL) saw a lukewarm response on the first day of bidding, with the issue being subscribed to just 16%. A few brokerages advised investors to avoid the offering, citing concerns over the company's steep losses and expensive valuations.
The initial share sale received bids for 86,09,406 shares against 5,33,63,160 shares on offer, as per data available with the NSE. The grey market premium (GMP) for the issue has dropped to Rs 1, signalling a potential soft listing on the exchanges.
This story is from the April 29, 2025 edition of The New Indian Express Dharmapuri.
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