Ather Energy IPO reaches 28% subscription by Day 2; retail book fully subscribed
Ather Energy’s public issue was subscribed 28% by the second day of bidding, while the retail investor portion reached full subscription.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, with the retail investor portion fully subscribed at 100%.
Why this matters
Ather Energy’s retail IPO demand accelerated from 63% subscription on Day 1 to full subscription by Day 2, even as overall issue subscription stood at 28%.
Retail-company signals are accelerating, up 222867% quarter over quarter.