India, April 29 -- The initial public offering (IPO) of electric mobility startup Ather Energy continues to see steady demand from investors, with the retail portion fully subscribed on the second day of the book-building process.

As of 2:06 PM, retail individual investors (RIIs) bid for 97.96 Lakh shares as against 97.34 Lakh shares reserved for them, BSE data showed. This translates to an oversubscription of 1.01X.

Overall, the issue was subscribed 0.24X, receiving bids for 1.28 Cr shares as against 5.33 Cr shares on offer.

The non-institutional investors (NIIs) category received bids for 27.84 Lakh shares as against 1.46 Cr shares on offer, translating into a subscription of 0.19X.

However, the Ather Energy IPO saw subdued demand f...