Ather Energy IPO opens: Check GMP, subscription status, should you invest?

Ather Energy has launched its IPO to raise Rs 2,981 crore, featuring fresh equity shares and an Offer for Sale. The IPO proceeds will fund a new factory, debt repayment, R&D, and marketing. Analysts are positive, citing Ather’s strong position in the growing electric two-wheeler market, despite reduced government subsidies.