Ather Energy IPO sees tepid response on day two, gets subscribed 28%

Ather Energy's IPO has received a tepid response, with only 28 percent subscription on the first day. This low initial subscription rate indicates a cautious approach from investors towards the electric scooter manufacturer's public offering. Several factors could be contributing to this, including market sentiment, valuation concerns, or the overall performance of the EV sector. The response on subsequent days will be crucial in determining the overall success of Ather Energy's IPO.