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After a muted IPO and listing, EV major Ather Energy ended its first trading session 7.22% below its listing price at INR 302.50 on the BSE. Compared to its IPO price of INR 321, the company’s shares crashed 5.76%.
Earlier today, the shares of the EV company made a muted debut. The stock got listed at INR 326.05 on the BSE, a premium of 1.57% to the issue price.
The shares touched an intraday low of INR 300, a decline of nearly 8% from the listing price, and an intraday high of INR 332.90, up 2.1% from the listing price, today.
Nearly 17.8 Lakh shares of Ather traded hands today.
While the company’s IPO valuation was INR 11,956 Cr ($1.42 Bn), it ended the first trading session with a valuation of INR 11,266.90 Cr ($1.33 Bn).
(The story will be updated soon.)
The post Ather Energy Ends First Trading Session 6% Below IPO Price appeared first on Inc42 Media.
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