246  Total SME IPOs listed in 2024

9557.56 Crs.  Total funds raised in 2024

222  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

246  Total SME IPOs listed in 2024

9557.56 Crs.  Total funds raised in 2024

222  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

246  Total SME IPOs listed in 2024

9557.56 Crs.  Total funds raised in 2024

222  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

246  Total SME IPOs listed in 2024

9557.56 Crs.  Total funds raised in 2024

222  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Raft Motors Limited

Mumbai

Date of DRHP : 22 Dec 2024

Issue Type : Fixed Price Issue

IPO Type :
SME IPO

Raft Motors Basic Details

   Electric Equipments

Sub Sector: operating in electric vehicle (EV) manufacturing sector

Exchange:
BSE Emerge

About the Company

Raft Motors is driven by a passion for innovation and a commitment to excellence. Raft Motors is a part of Cosmic Birla Group based out of Kolkata. Raft Motors, operating in electric vehicle (EV) manufacturing sector, stands at the committed towards sustainable and eco-friendly mobility solutions. Established in 2019, the company has rapidly evolved as a significant player in the EV market, specializing in the design, development, manufacturing and distribution of high-quality electric twowheelers. Their models are designed to cater to both low-speed and high-speed categories, providing the best options for ecoconscious riders. The Company manufactures a comprehensive range of electric two-wheelers.

Financial Summary (Annualised Basis)

Revenue :
64.70 Cr.

PAT :
10.00 Cr.

Raft Motors IPO Lead Manager(s)

Horizon Management Private Limited

Raft Motors IPO Registrar

MAS Services Limited

Raft Motors DRHP Details

Objects of issue

  • Funding the capital expenditure towards land with proposed structure of 2,00,000 sq.ft. of shed area and 15,000 sq ft. for admin building for setting up a of new manufacturing unit at Mouza Dakshin Jhapardah, Domjur, Jhapardaha Panchayat, ONGC Road, P.S. Domjur, Howrah– 711405, West Bengal
  • Funding the capital expenditure toward plant and machineries for setting up a of new manufacturing unit at Mouza Dakshin Jhapardah, Domjur, Jhapardaha Panchayat, ONGC Road, P.S. Domjur, Howrah– 711405, West Bengal
  • Funding working capital requirements of our Company
  • Prepayment or repayment of all or a portion of certain unsecured loans availed by our Company
  • General Corporate Purposes.

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FAQs

Raft Motors operates in Electric Equipments and operating in electric vehicle (EV) manufacturing sector. The Issue would be listed on SME. The registrar of the Issue is MAS Services Limited. The IPO type of Raft Motors is Fixed Price Issue and Object of issue is

  • Funding the capital expenditure towards land with proposed structure of 2,00,000 sq.ft. of shed area and 15,000 sq ft. for admin building for setting up a of new manufacturing unit at Mouza Dakshin Jhapardah, Domjur, Jhapardaha Panchayat, ONGC Road, P.S. Domjur, Howrah– 711405, West Bengal
  • Funding the capital expenditure toward plant and machineries for setting up a of new manufacturing unit at Mouza Dakshin Jhapardah, Domjur, Jhapardaha Panchayat, ONGC Road, P.S. Domjur, Howrah– 711405, West Bengal
  • Funding working capital requirements of our Company
  • Prepayment or repayment of all or a portion of certain unsecured loans availed by our Company
  • General Corporate Purposes.

The DRHP (Draft Red Herring Prospectus) of Raft Motors IPO was filed on 22 Dec 2024.

No, Raft Motors IPO is not yet listed. See other upcoming SME IPOs here.

The IPO open date and IPO close date of Raft Motors are not available now. You can apply in Raft Motors 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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