Ather Energy IPO retail tranche fully subscribed by Day 2
Ather Energy’s IPO had reached roughly a quarter subscription by the second day of bidding, 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 second day of bidding, with the retail investor portion fully subscribed at 100%.
Key facts
- 28% subscribed by Day 2
- Retail portion subscribed 100%
Why this matters
Ather Energy’s early retail oversubscription strengthens its market-validation narrative, while slower overall subscription may shape valuation expectations and capital-markets timing for EV peers.