from a company pov, I think it's a great company. It spent 2500cr. To earn 1700 cr. So basically they sold products 30% cheaper than its cost to make it. With the free funding era coming to end, now they are looking for the final bakra -- the retail investors thru IPO.
But look at the bright side, EV is the future.
The only way ather is going to be profitable is if Saudi Arabia decides to stop selling oil.
Not good for long term.. Because ev landscape is still evolving, you never know a Chinese company might come and disrupt the market anytime.. So these OLA, Ather are still trying to capture the market.. Everyday a new EV company is getting launched..
You can bet it for 2-3 yrs max and see how it performs..
Stay away from
Any tea on company? Investable or not during IPO? Their product is obviously much better than others but not sure how their product portfolio will pan out. On top of that they are not even EBITA positive and still going public.
