Ather Energy’s Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors showed consistent interest, while QIBs surged in the last stretch. Despite valuation concerns and a declining GMP, analysts offer mixed recommendations, citing Ather’s growth potential and premium positioning.
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Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention