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BENGALURU: Electric scooter maker Ather Energy closed its Rs 2,981-crore initial public offering (IPO) with a total subscription of 1.4times on Wednesday. This capped a three-day bidding window that saw strong interest from retail and institutional investors.
The issue marked the first listing of the 2025-26 and the first major tech-led consumer IPO since 2023-24, testing investor sentiment, amid global geopolitical and market volatility.
Retail investors led the response, subscribing to their portion 1.8 times, followed by qualified institutional buyers at 1.7 times. The employee quota was oversubscribed 5.4 times.
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