Ather Energy IPO reaches 28% subscription on day two; retail quota fully booked
Ather Energy’s IPO was subscribed 28% by the second day of bidding, while the retail investor portion reached full subscription, signalling stronger individual-investor demand than the overall book.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, with the retail investor portion fully booked at 100%.
Why this matters
The day-two update confirms recent signals that Ather Energy’s retail IPO tranche was fully subscribed and follows an HDFC Securities Buy call flagging lock-in expiry as a potential share-supply pressure.
Retail-company signals are accelerating, up 395300% QoQ.