Ather Energy IPO reaches 28% subscription on Day 2
Ather Energy’s public issue was subscribed 28% by the second day of bidding, offering an early read on investor demand during the IPO window.
What happened
Ather Energy’s IPO was subscribed 28% on the second day of bidding, according to the update.
Key facts
- 28%
- Day 2
Why this matters
Ather’s 28% Day 2 subscription offers a live benchmark for EV-sector capital-market appetite that could shape financing, partnership, and valuation conversations across the category.
What to watch
- Final-day total subscription crossing 1x, with QIB demand rising materially.
- Retail and NII subscription rates relative to the overall 28% Day-2 level.
- Grey-market premium turning persistently positive or negative before allotment.
- IPO price-band commentary, anchor allocation details, and any disclosed investor concentration.
- Broader Indian equity-market volatility and electric-two-wheeler sales data before listing.
- Monitor category-wise bidding, especially qualified institutional buyer participation, on the final subscription day.
- Track any changes in grey-market premium and analyst commentary on Ather's valuation versus Ola Electric, TVS Motor and Bajaj Auto.
- Assess whether a weak book prompts more conservative pricing, stronger cornerstone/anchor support, or revised expectations for future Indian EV listings.
- Watch listed EV peers for sentiment spillover if Ather's subscription or eventual listing is weak.