Ather Energy IPO reaches 28% subscription by Day 2 of bidding
Ather Energy’s IPO was 28% subscribed by the second day of bidding, signalling measured investor interest in the electric two-wheeler maker as it prepares for its next phase of growth.
Ather Energy’s initial public offering was 28% subscribed by the second day of bidding, according to the supplied headline.
Why this matters
The Day 2 IPO uptake follows reports of Ather raising ₹1,200 crore from Hero MotoCorp and India-Japan Fund, alongside HDFC Securities initiating Buy coverage with 31% upside.
Retail-company signals are accelerating, up 314575% QoQ.