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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.
Greaves Electric Mobility IPO Size
Fresh Issue
₹1,000 Cr
(TBA Shares)
Offer For Sale
Rs. TBA Cr
(18.94 Cr Shares)
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.
Greaves Electric Mobility IPO 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 |
Key Performance Indicators (KPIs)
EBITDA
-33.61%
PAT
-107.84%
ROE
-165.16%
- All the data pertains to FY 2023-24
Promoter Holding
Promoter
62.26%
Public
37.74%
Greaves Cotton Limited
62.26%
Management
Kunnakavil Kumar
CEO
Chandrasekar Thyagarajan
CFO
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (3)
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
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