Ather Energy’s June 2025 lock-in expiry resurfaces as a potential share-supply event
Financial Express archive coverage is resurfacing a June 2025 report on an expected lock-in expiry affecting nearly 6% of Ather Energy and Borana Weaves shares, alongside a bullish HDFC Securities view on Ather and concerns around rare-earth supply risk for Indian EV makers.
What happened
Financial Express archive items cover HDFC Securities’ Buy call on Ather Energy, rare-earth export risks to Indian EV production, and an upcoming lock-in expiry
Key facts
- 31% expected upside
- Nearly 6% of Ather Energy and Borana Weaves shares
- May 23, 2025
- May 29, 2025
- June 10, 2025
Why this matters
For EV-sector dealmakers, the signal underscores the need to assess both post-IPO ownership overhangs and supply-chain exposure to rare-earth materials.
What to watch
- Daily traded volume rising materially above the post-listing average
- Large block transactions or disclosed sales by pre-IPO, private-equity, or strategic investors
- Sustained price weakness despite rising delivery or revenue metrics
- Rare-earth export restrictions, price spikes, or supplier disruptions affecting Indian EV component availability
- Monthly electric two-wheeler registrations and Ather market-share changes
- Management revisions to production, margin, capex, or profitability guidance
- New institutional ownership disclosures or index-inclusion developments
- Track block deals, bulk deals, promoter or pre-IPO investor disclosures, and changes in pledged or institutional holdings around the expiry period.
- Monitor delivery volumes, booking trends, dealer inventory, and market-share movement against Ola Electric, TVS, Bajaj, and Hero MotoCorp.
- Evaluate rare-earth procurement diversification, inventory buffers, motor redesign efforts, and any management commentary on production continuity or cost inflation.
- Watch whether increased float leads to index eligibility, broader analyst coverage, higher derivatives activity, or greater mutual-fund ownership.
- Compare post-expiry trading volumes and price performance with IPO peers that experienced similar lock-in expiries.