Early Investors Set for Windfall

Promoters and early backers of Ather Energy are riding high as the EV startup gears up for IPO

– Tiger Global to earn 7x returns – IPO Price Band: ₹304–₹321 – Public issue opens April 28

– Tiger Global to earn 7x returns

GIC, NIIF & Tiger Global Gains

GIC (via Caladium): 4.65 Cr shares bought at ₹204 → now worth ₹1,493 Cr NIIF: 2.04 Cr shares at ₹183 → now valued at ₹655 Cr Tiger Global: 1.98 Cr shares at ₹38.58 → now worth ₹655 Cr

GIC (via Caladium):

NIIF: 2.04 Cr shares at ₹183 → now valued at ₹655 Cr

NIIF:

Tiger Global: 1.98 Cr shares at ₹38.58 → now worth ₹655 Cr

Tiger Global:

Founders & Hero MotoCorp Stake

– Co-founders Tarun Mehta & Swapnil Jain: 6.81% each, now worth ₹659 Cr

–

Co-founders Tarun Mehta & Swapnil Jain:

6.81% each, now worth ₹659 Cr

Hero MotoCorp: 38.19% stake → valued at ₹3,694 Cr Ather is India’s next big EV listing after Ola Electric.

Hero MotoCorp:

38.19% stake → valued at ₹3,694 Cr

– Anchor Opens: April 25

–

Anchor Opens:

April 25

– Public Issue: April 28–30

–

Public Issue:

April 28–30

– Allotment: May 2

–

Allotment:

May 2

– Listing Date: May 6

–

Listing Date:

May 6

– Total Issue Size: ₹2,980.76 Cr

–

Total Issue Size:

₹2,980.76 Cr

– FY24 Revenue: ₹1,578.9 Cr | Loss: ₹577.9 Cr

–

FY24 Revenue:

₹1,578.9 Cr | Loss: ₹577.9 Cr

Ather IPO Timeline & Key Facts