Quiet listing, loud returns: Ather’s multibagger post-IPO rally brings windfall gains for promoters as returns swell to 3,220%

November 21, 2025

Ather Energy’s quiet listing has delivered impressive returns. Promoters Tarun Sanjay Mehta and Swapnil Babanlal Jain have seen their wealth skyrocket by 3,220%. The stock has surged 116% over its issue price, outperforming many other IPOs in buzz. Analysts are optimistic about Ather’s future market share growth and profitability improvements.

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