Ather Energy IPO is roughly one-quarter subscribed on Day 2
Ather Energy’s public issue had drawn subscriptions of roughly a quarter of the shares on offer by the second day of bidding, signalling measured early investor demand for the electric two-wheeler maker.
Ather Energy’s initial public offering was 28% subscribed by the second day of bidding.
Why this matters
Ather’s overall IPO demand remains measured even as its retail quota was fully booked on Day 2, following a prior signal that the retail tranche reached 63% subscription on Day 1.
Retail-company signals are accelerating, up 164300% quarter over quarter.