Ather Energy IPO reaches 28% subscription on Day 2
Ather Energy’s IPO was subscribed 28% by the second day of bidding, offering an early read on investor appetite for the Indian electric two-wheeler brand.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, indicating early investor demand for the Indian electric two-wheeler brand.
Why this matters
The Day 2 update follows a Day 1 report that Ather Energy’s retail tranche was 63% subscribed and another Day 2 signal placing overall demand at about one-quarter. A separate Day 2 update reported the retail quota was fully subscribed.
Retail-company signals are accelerating, up 253220% QoQ.