**Ather Energy Makes Stock Market Debut Amid Industry Support**
**Meta Description:** Ather Energy’s stock market debut is celebrated by rivals and industry leaders, highlighting collaboration in the EV sector.
**URL Slug:** ather-energy-stock-debut-industry-support
**Ather Energy Makes Stock Market Debut Amid Industry Support**
Ather Energy Ltd, a prominent electric two-wheeler manufacturer, made its debut on the stock exchanges on Tuesday, marking a significant milestone for the company and the Indian electric vehicle (EV) industry. In a show of camaraderie, Bhavish Aggarwal, founder of rival company Ola Electric, took to social media to extend his congratulations to Ather Energy’s CEO, Tarun Mehta, and his team.
In a post on X, Aggarwal expressed his excitement about Ather’s achievement, stating, “Congrats to @tarunsmehta and the whole @atherenergy team on this milestone for the Indian EV industry.” He emphasized the importance of collaboration in the EV sector, expressing his hope to work together with Ather to establish India as a global hub for electric vehicles. “Let’s together make India the global EV hub,” he added.
Earlier in the day, Ola Electric also shared a supportive message for Ather Energy, stating, “The EV revolution was never meant to be solo. Welcome to the bourses @atherenergy! Let’s go full throttle.”
Aggarwal’s positive message resonated with netizens, who praised the spirit of collaboration in the EV industry. Comments included sentiments about the necessity of working together to advance electric vehicles and wishes for both companies to succeed in transforming India’s driving landscape.
On the financial front, Ather Energy’s shares listed with a premium of over 2% against the issue price of ₹321. The stock opened at ₹326.05 on the BSE, reflecting a 1.57% increase, while it debuted at ₹328 on the NSE, a 2.18% premium. However, during intraday trading, the share price saw a decline of 6%.
The Ather Energy IPO was well-received, with a subscription rate of 1.43 times on the final day of bidding, driven by strong interest from qualified institutional buyers and retail investors. The IPO, valued at ₹2,981 crore, featured a price band of ₹304-321 per share and included a fresh issue of equity shares worth ₹2,626 crore, along with an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders.
This marks Ather Energy as the second electric two-wheeler company to go public, following Ola Electric Mobility’s ₹6,145 crore IPO in August of the previous year.
**FAQ**
**What is the significance of Ather Energy’s stock market debut?**
Ather Energy’s debut on the stock market represents a key milestone for the company and the Indian electric vehicle industry, showcasing growth and collaboration among EV manufacturers.
