Dr. Tamaswati Ghosh, CEO, Iit Madras Incubation Cell
The initial public offering (IPO) of the manufacturer of EV Ather Energy is a milestone not only for the company but also for the Iit-Madras of beginning of deep technology leader of India (iit-m ic).
Ather Energy will be Iitm ICS First Portfolio Company in becoming public in validation for the efforts of the incubator. Ather’s Red Arenque Prospect Analysis shows that this also brings lucrative returns for the Marquee Institute.
According to the RHP, IIT-M IC was assigned a 5 percent participation in ATer according to the 2013 incubation agreement for providing assistance in physical infrastructure, tutoring and support. Subsequently, as ATHe raised new capital over the years, the stake folded to about 0.5 percent and pre-opening, Iit-M IC owned around 15,58,170 shares (in its two entities IC and Iithm RTBI). From this, download 35,241 shares in the OFS. According to the weighted average acquisition of these actions according to the RHP and the OPI’s higher pricing band of ₹ 321, IIT-M is likely to register the yields of more than 32,000 percent, according to commercial line calculations.
“The next OPI of Ather Energy marks a historical milestone for Iit Madras and is not the incubator, Iitm Incubation Cell, since it becomes the first IPO of our portfolio of our portfolio or 457 Startups of deep technology. Last year, Ather became the second place of Ourney or Eurney. Pioneers in the Electric Voyador of India in the Electric Electric Two -wheeled field of India, a field largely without exploiting over time. Business line. “As one of our first incubated in 2014, the former IITM students and the co -founders of Iitm Tarun and Swapnil quickly became models to follow for aspiring entrepreneurs,” Ghosh said.
In the last 12 years, IITM IC has incubated 457 new deep technology companies, collectively valued at more than ₹ 50,000 million rupees (based on VCS investments), with two unicorns (Uniphore and Ather).
However, Yos Venture Engine data shows that Ather’s list is not the first instance of an academic IPO backed by incubator. There are 12 of this type in general, however, the Drones IDEForge technology startup, which is backed by Iit-Bombay and Iim-Ahmedabad, is the only other deep technology startup.
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Posted on April 24, 2025