25/4/2025, 5:34:03 pm

Ather Energy: IIT incubation cell’s ₹15L EV bet may turn into ₹50 crore win

Ather Energy's IPO, set to launch on April 28 with a price band of ₹304-₹321 per share, marks the first public listing for an IIT Madras-incubated startup. IITM IC and RTBI, holding a 0.5% stake, expect over ₹50 crore returns, a 32,000% ROI. They will sell shares worth over ₹1.13 crore. The IPO aims to raise ₹2,980.76 crore, listing on May 6.