Ather Energy’s retail IPO portion reaches 63% subscription on Day 1
Ather Energy’s retail investor category was subscribed 63% on the first day of IPO bidding, signalling measured early demand for the electric two-wheeler maker’s public issue.
Ather Energy’s retail investor portion in its IPO was subscribed 63% on the first day of bidding.
Why this matters
The Day 1 retail IPO response follows Ather’s 90% quarterly revenue growth on Rizta demand and expansion to 700 Experience Centres as sales rose 69%.
The retail-company theme is accelerating, up 228367% QoQ.