India, April 29 -- Update | April 29, 07:43 PM

EV maker Ather Energy's IPO was subscribed 28% on the second day, led by strong interest by its employees. Of the 1 Lakh shares reserved for employees, the company's workforce bid for 3.18 Lakh shares.

The portion reserved for retail investors was oversubscribed 1.12X. They placed bids for 1.09 Cr shares as against the 97.34 Lakh shares reserved for them.

Meanwhile, the interest from non-institutional investors (NIIs) also picked up by the end of the second day. After 16% subscription at the end of day one, the portion reserved for NIIs was subscribed 27% on the second day. These investors bid for 39.05 Lakh shares as against the 1.46 Cr shares reserved for them.

Original | April 29, 2:32...