Ather Energy IPO, April 28 -- Ather Energy Ltd's initial public offering (IPO) is a book-built issue offering investors a fresh issuance of equity shares worth Rs.2,626 crore along with an offer-for-sale (OFS) component of 1.1 crore equity shares. The two-wheeler electric vehicle (EV) maker's public issue opened for bidding on Monday, April 28, and is set to close on Wednesday, April 30.

The Ather Energy IPO subscribed 16 per cent on the first day of the public bidding, where investors subscribed for 86,16,674 or 86.16 lakh shares out of the 5,33,63,160 or 5.33 crore shares on offer.

The retail investor segment was the largest subscription segment on Day 1, coming in at 63 per cent bidding, followed by the Non-Institutional Investors (N...