Greaves Electric Mobility Limited IPO DRHP
Greaves Electric Mobility Limited is among India’s early movers in the electric vehicle (EV) market and a frontrunner in EV adoption, as per the CRISIL Report. With over 16 years of experience in EV design and manufacturing, it offers a wide range of electric two-wheelers (E-2Ws) and three-wheelers (3Ws) for both B2C and B2B use. Backed by the 165-year-old Greaves group, it provides high-speed, city-speed, and low-speed e-scooters, along with a full range of 3W mobility solutions—including electric (L3 and L5) and internal combustion engine (L5 ICE) three-wheelers—for both passenger and cargo segments.
Greaves Electric Mobility IPO Objects
- Investment for product and technology development and enhancing capabilities at our Company’s Technology Centre
- Development of in-house battery assembly capabilities by our Company
- Funding expansion of the manufacturing capacity of BAPL & MLR
- Increasing our Company’s stake in MLR through acquisitions
- Increase digitization and deployment of information technology infrastructure by our Company
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Greaves Electric Mobility IPO Details
Price Band₹0.00 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹1,000.00 Cr ( Shares) |
Offer For Sale(18.94 Cr Shares) |
Total Issue( Shares) |
Face Value₹1 per equity share |
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 10% of Net Offer |
Greaves Electric Mobility IPO Financials
| Particulars | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 302.23 | 611.82 | 1,121.57 | 520.61 |
| Profit after Tax | -106.15 | -691.57 | -19.91 | -45.38 |
| Net Worth | 386.79 | 412.07 | 1,084.81 | -43.01 |
| Total Borrowing | 47.60 | 46.76 | 3.39 | 232.56 |
| Total Assets | 758.86 | 718.27 | 1,370.24 | 396.39 |
| NAV per share (in ₹) | 3.94 | 4.31 | 11.41 | -0.72 |
| EPS - Basic (in ₹) | -1.00 | -7.11 | -0.21 | -0.76 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | -33.61% |
| PAT | -107.84% |
| ROE | -165.16% |
- All the data pertains to FY 2023-24
Promoter Details
| Name | Shareholding |
|---|---|
| Greaves Cotton Limited | 62.26% |
| Total | 62.26% |
Management Details
| Name | Designation |
|---|---|
| Kunnakavil Kumar | CEO |
| Chandrasekar Thyagarajan | CFO |
Company Details
.Name: Greaves Electric Mobility Limited
Address: Plot No. 72, Ranipet Industrial Park, Ranipet, Vellore, 632 403, Tamil Nadu, India
Number: +91 80 6572 0000
Email: cs.geml@greaveselectricmobility.com
Website: www.greaveselectricmobility.com
Book Running Lead Managers (BRLMs)
RTAs
MUFG Intime India
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Greaves Electric Mobility IPO is a Mainboard IPO having an issue size of Rs. ₹0.00 Crs. Greaves Electric Mobility IPO is priced at ₹0.00 - ₹0.00 per share. The issue opens on 11 Feb 26 and closes on 11 Feb 26.
Greaves Electric Mobility IPO opens on 11 Feb 26 and closes on 11 Feb 26.
The estimated Grey Market Premium of Greaves Electric Mobility IPO is ₹0 per share (-).
The minimum lot size of Greaves Electric Mobility IPO is 0.00 shares & the minimum application amount is Rs. 0.
The allotment date of Greaves Electric Mobility IPO is 11 Feb 26.
The listing date of Greaves Electric Mobility IPO is 11 Feb 26.
Greaves Electric Mobility IPO is subscribed -.
Greaves Electric Mobility IPO is priced at ₹0.00 - ₹0.00 per share.
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