Ather Energy's IPO subscribed 16% on Day 1, retail booked over 60%
Electric scooter maker Ather Energy's IPO was subscribed around 16% on the first day of the bidding (April 28). The retail portion was booked over 60%, while the quota for non-institutional investors was subscribed 16%. The qualified institutional buyers (QIBs) segment didn't see any subscription. The IPO will close on April 30.