Ather Energy IPO draws 28% subscription on Day 2 of bidding
Ather Energy’s public issue was 28% subscribed on the second day of bidding, offering an early read on investor appetite for the Indian electric two-wheeler maker.
Ather Energy’s IPO was subscribed 28% on the second day of bidding, indicating early investor demand for the Indian electric two-wheeler maker’s public issue.
Why this matters
The 28% Day 2 reading follows recent signals that Ather Energy’s IPO retail tranche was fully subscribed and that the overall issue reached 28% subscription by Day 2.
Retail-company signals are accelerating, up 1,104,500% quarter over quarter.