Ather Energy’s post-IPO share story comes into focus amid buy call and lock-in expiry
Financial Express archive coverage from April–June 2025 flagged HDFC Securities’ Buy call implying 31% upside for Ather Energy, while a lock-in expiry involving nearly 6% of shares added a potential supply-side watchpoint after the company’s muted IPO debut.
Financial Express archive coverage includes HDFC Securities’ Buy call on Ather Energy, lock-in expiry for nearly 6% of shares, and its tepid IPO listing’s effect on Indian IPO sentiment amid volatile markets.
Why this matters
The signal follows April 2025 IPO updates showing 28% Day 2 subscription and a fully booked retail quota, plus HDFC Securities’ Buy initiation with 31% implied upside.
retail-company is accelerating, up 225233% QoQ.