Ather Energy IPO's 28% Day 2 Subscription Resurfaces from April 2025
Resurfacing a late-April 2025 milestone: Ather Energy's public issue was subscribed 28% by the second day of bidding, signalling investor appetite for the electric two-wheeler maker as it prepared to enter public markets.
What happened
Ather Energy’s IPO was subscribed 28% by the second day of bidding, according to an April 29, 2025 update. The electric two-wheeler maker’s public issue
Key facts
- IPO subscribed 28% by Day 2
- April 29, 2025, 19:43:56 IST
Why this matters
Ather’s IPO progress provides a live valuation and capital-access benchmark for electric-mobility peers, potentially shaping partnership, acquisition and financing conversations across the sector.
What to watch
- Day 3 and final subscription multiples by retail, non-institutional and qualified institutional investor categories.
- Any anchor-investor participation, price-band revisions or extension of the bidding period.
- Grey-market premium direction, if available, as an imperfect indicator of expected listing demand.
- Issue valuation relative to Ather's revenue growth, losses, gross margins and peer EV two-wheeler companies.
- Post-listing price action and management guidance on capacity, market share, unit economics and cash burn.
- Ather and its bankers are likely to emphasize growth in electric scooter adoption, brand positioning, charging ecosystem expansion and use of IPO proceeds.
- Investor attention will shift to category-wise subscription data, especially qualified institutional buyer participation on the final bidding day.
- Competing EV two-wheeler makers may reassess fundraising, pricing and public-market timing based on Ather's final demand and listing outcome.
- Dealers, suppliers and charging partners may treat a successful IPO as a signal of Ather's capacity to fund network and production expansion.