India, April 30 -- Electric two-wheeler maker Ather Energy's IPO worth INR 2,981 Cr was fully subscribed today, with qualified institutional buyers (QIBs) making a last-minute dash for the IPO, subscribing to it over 1.28 times.

As of 1:24 PM, the issue received bids for 5.66 Cr shares as against 5.33 Cr shares on offer, resulting in a 1.08X subscription, as per BSE data.

QIBs, who had been offered 2.89 Cr shares in the issue, ended up bidding for 3.70 Cr shares.

The issue received decent interest from retail individual investors (RIIs). For the 97.34 Lakh shares reserved for them, they placed bids for 1.41 Cr shares, subscribing to the issue 1.46X.

The non-institutional investors (NIIs) category was subscribed 0.34 times, garnering b...