Resurfacing: Ather Energy IPO reached 28% subscription on Day 2 (April 2025)
Ather Energy's IPO had drawn 28% subscription by the second day of bidding, according to an April 29, 2025 update, resurfacing now. The demand reading was an early signal for the EV maker as it funds growth in India's electric two-wheeler market.
Ather Energy’s IPO was subscribed 28% by the second day of bidding, according to an April 29, 2025 update.
Why this matters
The Day 2 demand reading follows a signal that Ather's retail IPO tranche reached 63% on Day 1 and coincides with coverage of investor activity, EV supply-chain risk, narrowing losses, sales growth and Aurangabad capacity plans.
retail-company is accelerating, up +200929% QoQ.