Business Overview
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.
Objects of Issue
- 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.
Financial Performance
(Rs. in crores)
| 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 |
KPIs
EBITDA
-33.61%
PAT
-107.84%
ROE
-165.16%
- All the data pertains to FY 2023-24
Shareholding
Promoter
62.26%
Public
37.74%
Management
Frequently Asked Questions
What is Greaves Electric Mobility IPO?
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How to apply Greaves Electric Mobility IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Greaves Electric Mobility IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Greaves Electric Mobility IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Greaves Electric Mobility IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date