Ather Energy draws bullish analyst call as IPO lock-in expiry nears

A Financial Express archive spanning April–June 2025 flags HDFC Securities’ Buy call on Ather Energy, with a projected 31% upside, alongside investor attention on post-IPO lock-in expiry and EV supply-chain risks tied to China’s rare-earth curbs.

— Filed Wed, 29 Jul, 2026, 12:17 IST · Source Financial Express · BrandWagon · Updated

Ather Energy’s archive highlights HDFC Securities’ Buy rating and projected 31% upside, alongside IPO-related lock-in expiry, listing sentiment and EV-sector risks from China’s rare-earth export curbs affecting Indian automakers.

Why this matters

The analyst call follows signals on Ather Energy’s April IPO, which reached 28% subscription on Day 2, and its post-IPO outlook, where lock-ins, investor interest and rare-earth risks were central.

Retail-company signals are accelerating, up 401,633% QoQ.