Ather IPO Rally: Promoter Returns Soar 3220%

Here’s a breakdown of ⁣the financial gains of Ather Energy‘s promoters, Tarun Sanjay Mehta and Swapnil Babanlal Jain, based on the provided text:

pre-IPO Gains:

* Initial ‍Investment: Each promoter acquired 1.95 crore‍ shares at a weighted average cost of Rs‍ 21.09 per share, ‌totaling Rs 41.40 crore for both.
* Current Value: These shares are now worth Rs 691‍ each, bringing the ⁣total value to approximately Rs⁢ 1,368 crore.
* Profit: This represents ​a profit‌ of roughly Rs 1,326.6 crore (Rs 1,368 crore – rs 41.40 crore).

IPO Gains:

* Shares Offered: Each promoter‌ offered 9.80 lakh shares at Rs 321 per‌ share.
* Investment: Each promoter⁢ invested Rs​ 3.15 crore (9.80 lakh * Rs 321). Total investment for both was Rs 6.3 crore.
* ⁢ Take Home: Each⁤ promoter received Rs 31.45 crore. Total take home for both was Rs 62.9 ⁣crore.
* Profit: Each promoter made a⁢ profit of Rs ⁢28.3 crore (Rs 31.45 crore ⁤- Rs 3.15 crore). Total profit for both was Rs 56.6 crore.
* Return on Investment: This equates to a 1,424% return on their IPO investment.

Overall Gains:

* ‍ Total Wealth Increase: The promoters’⁣ wealth has ​increased by 3,220% overall.
* ⁢ Stock ⁣Performance: The stock has surged 116% over ‍its issue ⁣price, delivering multibagger returns.

Significant Note: ​ The article specifies that gains from shares held through trusts ​were not included in these calculations.