Ather Energy IPO opens today: Should you subscribe to it or give a skip?
Ather Energy is offering its shares in the price band of Rs 304-321 apiece, which could be applied for a minimum of 46 shares and its multiples to raise a total of Rs 2,980.76 crore.
- Apr 28, 2025,
- Updated Apr 28, 2025 9:43 AM IST
The Rs 2,980 crore-initial public offering (IPO) of Ather Energy opens for bidding today, that is, Monday, April 28 and can be subscribed till Wednesday, April 30. The Hero MotoCorp-backed electric two-wheeler maker is offering its shares in the range of Rs 304-321 apiece, which can be applied for a minimum of 46 equity shares and its multiples thereafter.
"We recommend 'subscribe' to IPO with long term view only as near-term volatility expected till bottom line growth gets stabilized. Ather is operating in the growing market which will shape the future of green transportation. It is expanding its capacity with a new unit at Maharashtra. The debt burden of the company is reducing gradually and It enjoys strong parentage," it said.
The Rs 2,980 crore-initial public offering (IPO) of Ather Energy opens for bidding today, that is, Monday, April 28 and can be subscribed till Wednesday, April 30. The Hero MotoCorp-backed electric two-wheeler maker is offering its shares in the range of Rs 304-321 apiece, which can be applied for a minimum of 46 equity shares and its multiples thereafter.
"We recommend 'subscribe' to IPO with long term view only as near-term volatility expected till bottom line growth gets stabilized. Ather is operating in the growing market which will shape the future of green transportation. It is expanding its capacity with a new unit at Maharashtra. The debt burden of the company is reducing gradually and It enjoys strong parentage," it said.