Ather Energy IPO: From startup to stock market listing

Ather Energy gave up the modest gains it made on its market debut on Tuesday. Shares of the electric scooter manufacturer were trading at Rs 307.08 on the BSE—down 5.58% from the listing price of Rs 326.05.The Tiger Global- and GIC-backed company raised Rs 2,981 crore through its initial public offering (IPO), including a fresh issue of shares worth Rs 2,626 crore. This IPO size was smaller than the Rs 3,100 crore figure originally mentioned in its draft red herring prospectus for the book-built offer.

About Ather Energy

Founded in 2013 by Tarun…