Ather Energy IPO retail quota fully booked on Day 2 (resurfacing April 29 update)
Resurfacing an April 29 report: Ather Energy's IPO had reached 28% overall subscription by Day 2 of bidding, while the retail investor portion was fully subscribed, according to Inc42's April 29 update.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, with the retail investor quota fully booked. The issue’s reported overall subscription stood at 0.24x.
Why this matters
The April 29 IPO update adds context to recent Ather Energy signals, including HDFC Securities initiating Buy coverage with 31% upside and a May lock-up expiry watch.
Retail-company signals are accelerating, up 258900% QoQ.