Resurfacing a late-April move: Ather Energy IPO had reached 28% subscription on Day 2, with retail quota fully booked
Resurfacing details from April 29, 2025: Ather Energy’s IPO was subscribed 28% by Day 2, with bids for 0.24 times the shares on offer. The retail investor portion was fully subscribed, signalling stronger demand from individual investors than from other categories.
Ather Energy’s IPO was subscribed 28% by its second day, with bids at 0.24 times the shares offered. The retail investor portion was fully subscribed.
Why this matters
The Day 2 update follows a signal that Ather Energy’s retail IPO quota reached 63% subscription on Day 1 and precedes HDFC Securities initiating coverage with a Buy rating and 31% upside estimate.
Retail-company signals are accelerating, up 167011% QoQ.