Early Investors Set for Windfall

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GIC, NIIF & Tiger Global Gains

Founders & Hero MotoCorp Stake – 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.

– Anchor Opens: April 25 – Public Issue: April 28–30 – Allotment: May 2 – Listing Date: May 6 – Total Issue Size: ₹2,980.76 Cr – FY24 Revenue: ₹1,578.9 Cr | Loss: ₹577.9 Cr Ather IPO Timeline & Key Facts Wavy Line

Early Investors Set for Windfall

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