Ather Energy IPO's 28% Day 2 subscription resurfaces from late April
Ather Energy's public issue was subscribed 28% by the second day of bidding, according to an April 29 update now resurfacing. The IPO gauged investor appetite for the electric two-wheeler maker as it expanded its retail and charging footprint.
What happened
Ather Energy’s IPO was subscribed 28% on the second day of bidding, according to an April 29, 2025 update.
Key facts
- 28%
- Day 2
- April 29, 2025
- 19:43:56 +05:30
Why this matters
Ather’s public-market test offers a read on investor appetite for scaled electric two-wheeler platforms with integrated retail and charging assets.
What to watch
- Final subscription multiple and investor-category split versus the 28% Day 2 level.
- Issue pricing, valuation relative to listed EV and auto peers, and any anchor-investor disclosures.
- Listing-day premium or discount and first-month trading liquidity.
- Quarterly vehicle deliveries, market-share trend, average selling price and gross-margin trajectory after listing.
- New retail outlet, service-center and charging-network additions versus stated targets.
- Competitive pricing actions, incentive campaigns and new model launches from Ola Electric, TVS, Bajaj and Hero MotoCorp.
- Monitor final-day subscription composition, especially qualified institutional buyer and non-institutional investor demand.
- Use IPO proceeds to expand production capability, company-owned experience centers, service coverage and fast-charging locations.
- Increase city-level financing, trade-in and test-ride programs to convert awareness into retail sales.
- Balance expansion spending against gross-margin protection as competitors respond with discounts and channel incentives.