Resurfacing an April move: Ather Energy's retail IPO tranche reached 63% subscription on day one
Ather Energy's retail investor portion was subscribed 63% on the first day of its IPO bidding on April 28, signalling early investor interest in the Indian electric two-wheeler maker.
Ather Energy’s IPO retail investor portion was subscribed 63% on the first day of bidding, signalling early investor demand for the Indian electric two-wheeler brand.
Why this matters
The April Day 1 retail subscription update adds to resurfaced Ather Energy Day 2 IPO subscription signals and HDFC Securities coverage with a Buy call citing 31% upside.
Retail-company signals are accelerating, up 166344% QoQ.