Electric two-wheeler maker Ather Energy’s initial public offering, which will launch on April 28, will unlock wealth to the tune of Rs 530 crore for over 1,300 staff covered under the company’s employee stock option plan (Esop).
The Bengaluru-based company’s red herring prospectus shows it rolled out an employee stock option plan in 2024 with a pool of almost 16.5 million shares.
At the upper price band of Rs 321 per share, this will translate into wealth creation of more than Rs 500 crore.
Once the stock lists on May 6, employees will have a…