Written by An Overview on Ather Energy Share Recent Performance
Ather Energy debuted on May 6, 2025 in the stock market with a premium listing of ₹328 on NSE (2.2% above IPO price of ₹321), but it quickly declined to close 5.8-8% below the IPO price on the very first day.
Muted enthusiasm pervaded the IPO, with subscription sitting just above 1x, and a grey market premium going for about 3% before listing.
The company still remains loss-making, reporting a net loss of ₹1,059 crore on revenue of ₹1,754 crore for FY24. Return on equity remains deeply negative, and promoter holding has seen a sharp decline in the last quarter.
Analyst Views
Most broking houses suggested a wait-and-watch stance or argued that the stock should be avoided for now:
Persisting losses and cash outflows.
Worsening competition coming in from the likes of Ola Electric, TVS, Bajaj, and Hero.
Loss of market share and the specter of capital inefficiency with new investments in factories.
Only those with high risk tolerance may want to hold, expecting massive near-term volatility.
Ather Energy Share Key Risks and Opportunities
Risks: Strong competition, continuing losses, high capital requirements, and recent promoter stake dilution.
Opportunities: Strong brand, good technology, large charging network, and big-growth potential should they set one foot on profitability.