Ather Energy IPO reaches 0.24x subscription on Day 2; retail quota fully booked
Ather Energy’s IPO was subscribed 0.24 times by the second day of bidding, with the retail investor portion fully subscribed, signalling strong individual-investor interest despite lower overall demand.
Ather Energy’s IPO was subscribed 28% on the second day of bidding, while the retail investor portion was fully subscribed. The issue subscription level was reported at 0.24 times.
Why this matters
Ather Energy’s IPO interest is a focus across recent coverage: one Day 2 update reported 28% subscription, while other signals flagged valuation upside and rare-earth supply risk.
Retail-company signals are accelerating, up 308275% QoQ.