Ather Energy IPO sees 28% subscription on Day 2 of bidding
Ather Energy’s public issue was subscribed 28% by the second day of bidding, offering an early read on investor appetite for the electric two-wheeler brand ahead of listing.
What happened
Ather Energy’s IPO had been subscribed 28% so far on the second day of bidding.
Key facts
- 28%
- Day 2
Why this matters
The muted early subscription pace provides a market-based read on EV two-wheeler valuations, potentially shaping competitor financing plans, strategic partnership terms and acquisition appetite.