Resurfacing April 2025 move: Ather Energy IPO had reached 28% subscription on Day 2; retail quota fully booked
Resurfacing an update from April 29, 2025: Ather Energy’s IPO was subscribed 28% by the end of Day 2, according to the report at the time. The retail investor portion was fully subscribed, signalling stronger demand from individual investors than across the overall issue.
Ather Energy’s IPO was subscribed 28% by the end of Day 2, with the retail investor portion fully booked, according to the April 29 update.
Why this matters
The April IPO-demand update adds context to recent Ather Energy signals: HDFC Securities initiated coverage with a Buy call and 31% upside view, while Q1 results focused on Rizta demand, margins and cash burn.
retail-company is accelerating, up 225083% QoQ.