Ather Energy IPO reaches 0.24x subscription on Day 2; retail quota fully booked
Ather Energy’s IPO had received 0.24 times subscription by Day 2, while the retail investor portion was fully subscribed, signalling stronger demand from individual investors than the overall book.
What happened
Ather Energy’s IPO was subscribed 28% by the end of its second day, according to the supplied headline. The item provides no further details on investor
Key facts
- 28%
- Day 2
Why this matters
The split between robust retail participation and weak overall book demand suggests consumer enthusiasm for the EV story but a still-cautious capital-market backdrop for sector deals.