Ather Energy IPO Sees Muted Start, Retail Portion 63% Subscribed on Day 1
The Bengaluru-based electric two-wheeler maker's public issue opened to tepid investor interest on April 28, 2025, with the retail portion subscribed just 63% on the first day of bidding.
Ather Energy's IPO saw a muted debut on April 28, 2025, with the retail portion subscribed 63% on day one amid tepid overall investor interest for the Bengaluru-based electric two-wheeler maker's public issue.
Why this matters
The muted IPO start contrasts with Ather Energy's recent momentum, having doubled its retail network as sales surged to record FY26 levels, suggesting investor caution despite operational growth.
Retail-company signals are accelerating sharply, up +701300% QoQ.