Greaves Electric Mobility IPO Details
MAINBOARD
Greaves Electric Mobility IPO DRHP (Draft Red Herring Prospectus) has been SEBI Approval Received.
Offer for Sale consists of 18,93,98,200 shares .
The Lead Managers for Greaves Electric Mobility IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Motilal Oswal Investment Advisors Ltd, IIFL Capital Services Ltd, Jm Financial Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Greaves Electric Mobility Limited DRHP.
Greaves Electric Mobility IPO Details
- Greaves Cotton Ltd
Greaves Electric Mobility IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Greaves Electric Mobility IPO Reservation
Promoter Holding
Documents
Greaves Electric Mobility IPO Valuations
Greaves Electric Mobility Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 758.86 | 718.27 | 1,370.24 | 396.39 |
| Revenue | 312.75 | 641.31 | 1,156.45 | 521.37 |
| Profit After Tax | -106.15 | -691.57 | -19.91 | -45.38 |
| Net Worth | 386.79 | 412.07 | 1,084.81 | -43.01 |
| Reserves and Surplus | 363.22 | 392.54 | 1,065.45 | 55.51 |
| Total Borrowing | 47.6 | 46.76 | 3.39 | 232.56 |
| Amount in ₹ Crore | ||||
About Greaves Electric Mobility IPO
Incorporated in 2008, Greaves Electric Mobility Limited is engaged in the business of Electrical Vehicles (EV).
The company offers a full range of electric two-wheelers (E-2W) and three-wheelers (3W) for B2C and B2B customers. With over 16 years of experience, they have a strong presence in the E-2W industry.
The company offers a diverse range of electric two-wheelers (E-2W) and three-wheelers (3W), including high-speed, city-speed, and low-speed e-scooters, as well as electric and ICE three-wheelers for both cargo and passenger use.
The company holds over 5% market share in states like Tamil Nadu and Bihar. As of September 30, 2024, they have 309 E-2W dealers and 188 3W dealers, with a geographically distributed network across India.
The company focuses on in-house R&D, technology, and manufacturing to drive innovation and cost efficiency. By Fiscal 2027, they plan to establish an in-house battery pack assembly for improved quality and supply chain reliability.
- E-2Ws: The company focuses on E-2Ws, capitalizing on India’s growing middle class. Their diverse product portfolio, including the "Designed in India, Made in India" Nexus ST, caters to a wide range of customers, driving innovation and sales growth.
- L5 E-3Ws: The company’s L5 E-3W portfolio includes cargo and passenger models under the "Greaves ELTRA" brand. Their market share in the L5 3W diesel segment has increased from 0.2% to 3.5% between Fiscal 2022 and September 2024.
- ICE-3Ws: The company offers a range of ICE-3Ws, including diesel and CNG variants for cargo and passenger vehicles, sold under the "Greaves" brand.
As of September 30, 2024, the company had 411 permanent employees.
- Robust and diverse product portfolio spanning across all segments of E-2W and 3W catering to multiple-use cases.
- Deeply entrenched omnichannel distribution with a presence across India
- Robust customer care and service network focusing on delivering higher customer intimacy
- Strong development and design capabilities
- Capital-efficient and flexible operations
- Qualified workforce led by experienced and qualified management team and backed by a strong listed parent.
Strength Of Greaves Electric Mobility IPO
Risk Of Greaves Electric Mobility IPO
Objectives Greaves Electric Mobility IPO
To be announced
Company Contact Details
Greaves Electric Mobility Limited
Plot No. 72,
Ranipet Industrial Park,
Ranipet,
Vellore, Tamil Nadu
Phone: +91 80 6572 0000
Email: cs.geml@greaveselectricmobility.com
Website: http://www.greaveselectricmobility.com/
Registrar Contact Details
Greaves Electric Mobility IPO - FAQs
The Greaves Electric Mobility IPO is a MAINBOARD public issue comprising 0 equity shares with a face value of ₹1 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.