Ather Energy IPO retail tranche sees 63% subscription on Day 1
Ather Energy’s retail investor portion was subscribed 63% on the first day of IPO bidding, signalling early demand for the Indian electric two-wheeler maker’s public issue.
Ather Energy’s IPO retail tranche was subscribed 63% on the first day of bidding, indicating early investor demand for the Indian electric two-wheeler maker.
Why this matters
The Day 1 retail demand reading follows signals of Ather narrowing losses amid sales growth and Aurangabad capacity investment, plus HDFC Securities initiating coverage with a Buy call and 31% upside view.
Retail-company signals are accelerating, up 200786% QoQ.