Ather Energy IPO reaches 28% subscription by Day 2
Ather Energy’s public issue was subscribed 28% by the second day of bidding, offering an early read on investor appetite for the Indian electric two-wheeler maker.
Ather Energy’s IPO had been subscribed 28% by Day 2, indicating investor demand for the Indian electric two-wheeler maker’s public issue.
Why this matters
The Day 2 subscription update follows reports that Ather Energy’s IPO was roughly one-quarter subscribed and that its retail tranche was fully booked, while the company prepares its Konarc mass-market scooter launch.
Retail-company signals are accelerating, up 164422% QoQ.