Ather Energy IPO to open for subscription as GMP stays weak. Should you bid?

Ather Energy’s IPO opens today, aiming to raise ₹2,981 crore through fresh equity and an offer for sale, where promoters and investors like Tiger Global will offload shares. Funds will support expansion, debt repayment, and R&D. Analysts recommend subscribing, citing the company’s strong position in the growing electric two-wheeler market and expected production capacity increase.