Ather Energy IPO reaches 0.24x subscription on day two; retail quota fully booked
Ather Energy’s public issue was subscribed 0.24 times on the second day of bidding, with the retail investor portion fully subscribed. The update signals stronger retail participation than overall institutional and non-institutional demand so far.
Ather Energy’s IPO was subscribed 28% as of the second day of bidding, indicating investor demand for the Indian electric two-wheeler maker’s public issue.
Why this matters
Ather Energy’s retail IPO portion reached 63% subscription on Day 1; by Day 2, the retail quota is fully booked despite overall subscription of 0.24x. A separate Day 2 signal reported 28% overall subscription, indicating update timing differences.
Retail-company signals are accelerating, up 254,360% QoQ.