Ather Energy IPO resurfacing: April 2025 update showed 28% subscription on Day 2; retail tranche fully booked
Resurfacing a late-April 2025 report: Ather Energy’s IPO was 28% subscribed by Day 2, while the retail investor portion was fully subscribed. The electric two-wheeler maker’s overall subscription was also reported at 0.24x.
Ather Energy’s IPO was 28% subscribed on Day 2, with the retail investor portion fully booked. The electric two-wheeler maker’s overall issue subscription was reported at 0.24 times.
Why this matters
The IPO update preceded Ather Energy’s recent EBITDA-positive Q1, 89% revenue growth and bookings outpacing supply, as well as HDFC Securities initiating coverage with a Buy rating and 31% upside view.
Retail-company signals are accelerating, up 200171% quarter over quarter.