Ather Energy IPO reaches 0.24x on day two; retail book fully subscribed
Ather Energy’s IPO had been subscribed 0.24 times by day two of bidding, while the retail investor portion was fully subscribed.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, with the retail investor portion fully subscribed at 100%.
Why this matters
The day-two update follows a Day 1 signal showing Ather Energy’s retail tranche at 63% subscription and related Day 2 reports that the retail quota was fully booked.
Retail-company signals are accelerating, up 1,097,200% QoQ.