IPO-starved investors pin hopes on Ather Energy for listing gains. Will softer GMP play dampener?

India's IPO market, facing a slowdown in 2025, anticipates a revival with Ather Energy's upcoming IPO on April 28, aiming to raise ₹3,000 crore. Despite a dip in grey market premium to a mere 6% above the issue price, investors hope the electric vehicle maker will inject fresh momentum.