Indian e-scooter maker Ather's shares close 7% down in trading debut

Third-largest listing of 2025 hits with IPO market facing headwinds

20250504 India Ather bikes

Ather e-scooters are displayed at an auto show in New Delhi, pictured in January. © Reuters

SOUMYAJIT SAHA

MUMBAI -- Shares in Indian electric scooter maker Ather Energy ended their first trading day on Tuesday down 6.5%, highlighting weak investor sentiment amid a slowdown in one of the world's hottest IPO markets.

The shares were listed on the National Stock Exchange after the company completed India's third-largest IPO this year, worth 29.8 billion rupees ($353 million), last week.

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