Ather Energy IPO reaches 28% subscription on Day 2
Ather Energy’s public issue was subscribed 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 Day 2, indicating investor demand for the Indian electric two-wheeler maker’s public issue.
Why this matters
The Day 2 update follows recent signals that Ather Energy’s retail tranche was fully subscribed and that the same 28% subscription figure resurfaced from late April.
Retail-company signals are accelerating, up 1,114,200% QoQ.