Ather Energy IPO, April 23 -- The upcoming initial public offering (IPO) of EV maker Ather Energy, which is set to hit the Indian stock market next week, on April 28, is already generating major buzz on Dalal Street.

While the company has yet to report a profit since its inception in 2013, the IPO is expected to deliver windfall gains - particularly for its co-founders, Tarun Sanjay Mehta and Swapnil Babanlal Jain.

The Rs.2,981 crore Ather Energy IPO, having an offer for sale portion of nearly Rs.355 crore, will see its founders offload 19.60 lakh shares.

The issue is priced in the range of Rs.304 to Rs.321 per share. Meanwhile, the weighted average cost of acquisition by the founders stood at Rs.21.09 per share. Considering Ather Ener...