Ather Energy's Rs 2,981-crore IPO opens for subscription. Should you bid amid weak GMP?

Ather Energy launched its IPO today. The company plans to raise Rs 2,981 crore. The IPO includes fresh equity shares and an offer for sale. Funds will support expansion and R&D. Analysts recommend subscribing, citing Ather's strong position in the electric two-wheeler market. The company anticipates industry growth and aims to expand its product range.