New Delhi, April 30 -- Ather Energy IPO faced challenges in attracting significant investor interest on its second bidding day, with Ather Energy IPO subscription status at 28%, as per BSE data. Retail investors were the main contributors, subscribing 1.12 times their allotted share, while non-institutional investors (NIIs) achieved a subscription level of 27%. Ather Energy IPO will close on April 30, and the listing is set for May 6.

On the first day of bidding, Ather Energy IPO subscription status was 16%. Ather Energy Ltd announced on Friday that it has secured Rs.1,340 crore from anchor investors. The public offering, valued at Rs.2,981 crore, has a price band of Rs.304-321 per share. This marks the first mainboard public offering fo...