Ather Energy IPO reached 28% subscription on Day 2; retail portion fully subscribed (resurfacing April 2025 update)
Ather Energy's IPO was subscribed 28% by April 29, 2025, its second day of bidding, according to a resurfaced update from that period. The retail investor quota was fully subscribed, signalling stronger individual-investor demand than the overall book.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, while the retail investor portion was fully subscribed as of April 29, 2025.
Why this matters
The resurfaced April IPO update adds demand context to HDFC Securities' Buy initiation citing 31% upside and resurfaced June analyst coverage as post-IPO lock-in shares approach the market.
retail-company is accelerating, up 405267% QoQ.