35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

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35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

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Greaves Electric Mobility Limited IPO (Greaves Electric Mobility IPO) Details

Vellore

Date of DRHP : 23 Dec 2024

Issue Type : Book Building Process

IPO Type : MainBoard IPO

Greaves Electric Basic Details

   Engineering - Automotive

Sub Sector: complete suite of vehicles across electric two-wheeler (“E-2W”)and three wheeler (“3W”)

About the Company

Greaves Electric Mobility Limited is one of the first companies in India to focus on the evolving market of electric vehicles (“EV”) and have been among the frontrunners at driving EV adoption in the countryaccording to the CRISIL Report. they offer a complete suite of vehicles across electric two-wheeler (“E-2W”)and three wheeler (“3W”)segments catering to both B2C and B2B customers for personal and commercial purposes. According to the CRISIL Report, they have been designing and manufacturing electric vehicles for over 16 years and haveestablished a strong presence in the E-2W industry.They have drawn on the engineering expertise of the Greaves group, which is over 165 years old and has a strong “made in India” legacy. Their current portfolio of vehicles caters to a diverse customer base, with their offerings spanning E-2Wacross all three segmentswhich are(a) high speed scooters which have a top speed higher than 65kmph (“High Speed e-Scooters”), (b) city speed scooters which have a top speedfrom 25kmph to 65kmph (“City Speed e-Scooters”)and (c)low speed scooters which have a top speedof less than 25kmph speed(“Low Speed e-Scooters”), with models for B2C and B2B use cases,and 3Ws which includes products across the entire spectrum of 3W mobility which includeselectric three-wheelers (“L5E-3W”), internal combustion engine three-wheelers (diesel or CNG) (“L5ICE-3W”) and e-rickshaws (“L3 E-3W”), with models for cargo and passenger use case.

Financial Summary (Annualised Basis)

Revenue :
625.40 Cr.

PAT :
-212.20 Cr.

Greaves Electric IPO Registrar

Link Intime India Private Limited

Greaves Electric DRHP Details

Objects of issue

  • Investment for (a) product and technology development; and (b) enhancing capabilities at our Company’s Technology Centre in Bengaluru, Karnataka
  • Development of in-house battery assembly capabilities by the Company
  • Funding expansion of the manufacturing capacity of Bestway Agencies Private Limited
  • Increasing the Company’s stake in MLR through acquisitions
  • Increase digitization and deployment of information technology infrastructure by the Company

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FAQs

Greaves Electric Mobility operates in Engineering - Automotive and complete suite of vehicles across electric two-wheeler (“E-2W”)and three wheeler (“3W”). The Issue would be listed on MainBoard. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Greaves Electric Mobility is Book Building Process and Object of issue is

  • Investment for (a) product and technology development; and (b) enhancing capabilities at our Company’s Technology Centre in Bengaluru, Karnataka
  • Development of in-house battery assembly capabilities by the Company
  • Funding expansion of the manufacturing capacity of Bestway Agencies Private Limited
  • Increasing the Company’s stake in MLR through acquisitions
  • Increase digitization and deployment of information technology infrastructure by the Company

The DRHP (Draft Red Herring Prospectus) of Greaves Electric Mobility IPO was filed on 23 Dec 2024.

No, Greaves Electric Mobility IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Greaves Electric Mobility are not available now. You can apply in Greaves Electric Mobility IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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