Ather Energy IPO Listing on My 6th – What will be its welcome in the share market|
Electronic two wheeler brand Ather Energy will make its stock market debut on Tuesday, May 6. But market experts say that the listing could be flat or mildly negative. Did you also invest in this IPO? Let’s see the full script of this IPO.
IPO Details – What Was the Offer?
The size of the IPO was Rs 2,981 crore and the price band was Rs 304 – 321 per share. The company valuation was approx. Rs 11,956 crore and the subscription was 1.43 times overall. In this, the IPO had a fresh issue of Rs 2,626 crore + an offer of 1.1 crore shares for sale.
Listing Outlook – What do market experts say?
The market mood is still a little cautious. Analysts like Prashanth Tapse say: “There could be a flat to mildly negative listing…. in the range of -+5%.” This means don’t expect a big jump on listing day, but a major fall is also unlikely.
Why was investor interest a little cold?
Subscription was a little low, meaning investor enthusiasm was limited. The IPO is considered to be aggressively priced, especially when compared with Ola Electric. Ola’s performance has remained average even after the IPO, so people are cautious on the other side. Competition is quite tough in the EV two-wheeler segment.
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Ather Energy – Doosra EV Player after Ola
Ather Energy is India’s second electric two-wheeler company which is coming to the stock market. Earlier, Ola Electric launched an IPO of Rs 6,145 crore in August 2024. A slight decline is possible in NSE & BSE on the day of Listing Day on 6 May. According to the expected movement.
