Ather Energy IPO sees modest Day 2 demand as retail book fully subscribed
Ather Energy’s public issue was subscribed about 0.24x to 0.28x by Day 2, with the retail portion reportedly fully booked—an early market signal for India’s electric two-wheeler sector.
What happened
Ather Energy’s IPO was subscribed 28% by Day 2, according to an update, indicating investor participation in the Indian electric two-wheeler maker’s public
Key facts
- 28%
Why this matters
The split between strong retail participation and modest total demand suggests strategic buyers should view India EV two-wheelers as attractive but prioritize targets with proven unit economics, charging ecosystems, and scalable distribution.