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10 hours ago
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Apr 27, 2025, 01:08:08 PM IST
Ather Energy’s much-awaited IPO is set to open for subscription on April 28 and close on April 30. The Hero MotoCorp-backed EV maker aims to raise around Rs 2,980 crore through a combination of fresh issue and offer for sale. However, brokerages have varied views on the public offer. Here are their views.
2/6
SMC Global Securities: Neutral
SMC Global Securities has assigned a neutral stance to Ather Energy's IPO, citing continued losses, heavy dependence on South India, and external risks on the supply side.
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Nuvama believes Ather is a clear beneficiary of India's electric mobility wave. Its upcoming Maharashtra plant, aggressive R&D investments, and network expansion beyond South India make it a structurally strong story.
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4/6
Ventura Securities: Subscribe for listing gains
Ventura has given a subscribe recommendation to investors for listing gains. The brokerage likes Ather’s premium positioning, expanding fast-charging network (Ather Grid), and strong R&D focus.
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5/6
Arihant Capital: Subscribe for listing gains
Arihant is positive on Ather’s strong brand recall, vertically integrated manufacturing, and expanding reach beyond metros.
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6/6
Bajaj Broking: Subscribe for long term
Bajaj Broking advises only well-informed, surplus fund investors to consider Ather’s IPO with a long-term horizon. Despite financial losses and high debt, it sees potential in the company’s future scale-up plans and strong backers.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times.)
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