Ather Energy IPO reaches 28% subscription by day two
Ather Energy’s public issue had attracted subscriptions of about 28% by the close of its second bidding day, signalling measured investor demand for the Indian electric two-wheeler maker.
Ather Energy’s IPO was subscribed 28% by the end of its second day of bidding, indicating investor demand for the Indian electric two-wheeler maker’s public issue.
Why this matters
The 28% day-two reading follows signals that Ather Energy’s retail quota was fully subscribed and its retail tranche was booked at 0.24x on day two. It also follows a Buy call tied to the company’s approaching share lock-in expiry.
Retail-company signals are accelerating, up 407767% quarter over quarter.