Ather Energy IPO reaches 28% subscription on Day 2; retail tranche fully booked
Ather Energy’s IPO had been subscribed 28% by the second day of bidding, with the retail investor portion fully subscribed. The retail demand signals consumer-market interest in the electric two-wheeler maker ahead of the issue’s close.
What happened
Ather Energy’s IPO was subscribed 28% by the second day of bidding, with the retail investor portion fully subscribed at 100%.
Key facts
- 28% overall subscription by Day 2
- Retail portion subscribed 100%
Why this matters
The retail-led IPO interest validates strategic value in India’s electric two-wheeler market, though the softer overall book suggests buyers should remain disciplined on valuations.