Ather Energy’s IPO coverage resurfaces, underscoring investor focus on India’s EV two-wheeler market
Resurfacing coverage of Ather Energy’s May 2025 IPO cites a Rs 323.55 listing price and 1.43x subscription. HDFC Securities later initiated Buy coverage, pointing to Indian EV-market potential and an estimated 31% upside.
Ather Energy coverage includes its May 2025 IPO, Rs 323.55 market debut, 1.43x subscription and lock-in expiry. HDFC Securities initiated coverage with a Buy rating, citing Indian EV market potential and 31% upside.
Why this matters
The resurfaced IPO coverage follows signals of 63% retail subscription on Day 1, 0.24x overall subscription on Day 2, and later mixed signals tied to analyst optimism, lock-in expiry and EV supply risks.
Retail-company signals are accelerating, up +255420% QoQ.