Ather Energy IPO draws 28% subscription by Day 2
Ather Energy’s public issue was subscribed 28% by the second day of bidding, offering an early read on investor appetite for India’s electric two-wheeler market.
Ather Energy’s IPO was subscribed 28% as of Day 2, indicating early investor demand for the Indian electric two-wheeler maker’s public issue.
Why this matters
The Day 2 update follows recent signals that Ather Energy’s retail IPO tranche reached 63% on Day 1 and that the retail quota was fully booked by Day 2, highlighting differing views of overall versus retail demand.
Retail-company signals are accelerating, up 396367% QoQ.