At least two initial public offerings worth $759 million are expected to be delayed, adding to a growing list of Indian companies deciding to postpone plans for initial public listings due to weak investor sentiment,

Indian e-scooter maker Ather Energy fell on its $352mn stock market debut as investors poured doubts on the unprofitable sector amid a wider drought in domestic listings. Ather’s shares dropped more than 4 per cent in Mumbai trading on Tuesday,

Ather Energy Ltd.’s shares will start trading on Indian bourses Tuesday, in the nation’s first major initial public offering this fiscal year that will provide clues on the likelihood of equity capital market revival.