Ather Energy IPO reaches 28% subscription on Day 2
Ather Energy’s public issue was subscribed about 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 was subscribed 28% by the second day of bidding, indicating early investor demand for the Indian electric two-wheeler maker.
Why this matters
The 28% Day 2 overall subscription update follows prior signals that Ather Energy’s retail IPO portion reached 63% on Day 1 and was fully booked in an April 29 update.
Retail-company signals are accelerating, up 258440% quarter over quarter.