Ather Energy IPO reaches about 0.24x subscription on Day 2; retail tranche fully booked
Ather Energy’s public issue was subscribed roughly 0.24 times by the second day of bidding, while the retail investor portion was fully subscribed, signalling stronger participation from individual investors than the overall book suggests.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, indicating investor demand for the Indian electric two-wheeler maker’s public issue.
Why this matters
Ather Energy’s retail IPO tranche was 63% subscribed on Day 1; by Day 2, retail is fully booked while overall subscription is about 0.24x, widening the gap between retail demand and the full book.
Retail-company signals are accelerating, up 89,582% QoQ.