Ather Energy IPO reaches 0.24x subscription on Day 2
Ather Energy’s IPO was subscribed 0.24 times on the second day of bidding, offering an early read on investor demand for the Indian electric two-wheeler maker.
Ather Energy’s initial public offering was subscribed 28% on the second day of bidding, indicating early investor demand for the Indian electric two-wheeler maker.
Why this matters
The Day 2 0.24x update follows reports that Ather Energy’s retail IPO tranche reached 63% subscription on Day 1 and that the retail portion was fully booked by Day 2, distinguishing retail demand from overall bookbuilding.
Retail-company signals are accelerating, up 205086% QoQ.