Ather Energy IPO reaches 28% subscription on Day 2; retail quota fully booked
Ather Energy’s IPO was subscribed 28% by the second day of bidding, while the retail-investor portion was fully subscribed. The retail response signals strong individual-investor interest in the electric two-wheeler maker’s public-market debut.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, with the retail investor portion fully subscribed at 100%.
Why this matters
The Day 2 update follows signals that Ather Energy's retail IPO tranche reached 63% subscription on Day 1 and that the overall issue was reported at 0.24x on Day 2.
The retail-company theme is accelerating, up 94,881% quarter over quarter.