Ather Energy IPO reaches 28% subscription on Day 2; retail tranche fully booked
Ather Energy’s IPO was subscribed 28% by the second day of bidding, with the retail investor portion fully subscribed. The response offers an early signal of investor appetite for the electric two-wheeler brand and its retail-led growth plans.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, while the retail investor portion was fully subscribed.
Why this matters
The Day 2 outcome follows a signal that Ather’s IPO was roughly one-quarter subscribed and comes as it bets on Indian names ahead of the Konarc mass-market scooter launch. The fully booked retail quota adds a stronger retail-demand read.
retail-company signals are accelerating, up 164344% QoQ.