Greaves Electric Mobility IPO Date, Review, Price, Allotment Details

Greaves Electric Mobility IPO Details

Greaves Electric Mobility IPO Market Lot

The Greaves Electric Mobility IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.

Greaves Electric Mobility IPO Dates

The Greaves Electric Mobility IPO date is 2025 and the close date is 2025. The Greaves Electric Mobility IPO allotment will be finalized on 2025 and the IPO listing on 2025.

Promoters of Greaves Electric Mobility IPO

The promoters of the company is Greaves Cotton Limited.

About Greaves Electric Mobility IPO

Greaves Electric Mobility is renowned as a prominent and diversified engineering company with operations across various sectors, including automotive, non-automotive, aftermarket services, retail, electric mobility solutions, and financial services. They have been designing and manufacturing electric vehicles for 16 years to be affordable and sustainable for the clients and remain strong for the future. They have around 3 lakh users behind the main reason being that they have done everything necessary and received progress, which represents them as innovative. They are committed to creating a clean, reliable, and intelligent transportation ecosystem, covering vehicles, showrooms, spare parts, support, and financing.

In 2024, the company recorded a revenue of ₹641.31 crores, a significant drop from ₹1156.45 crores in 2023. The net loss also widened considerably, rising to ₹691.57 crores in 2024 compared to a loss of ₹19.91 crores in the previous year.

Greaves Electric Mobility IPO Company Financial Report

The company reported revenue of ₹641.31 crores in 2024 against ₹1156.45 crore in 2023. The company reported loss of ₹691.57 crores in 2024 against loss of ₹19.91 crores in 2023.

Amount ₹ in Crores

Greaves Electric Mobility IPO Valuation – FY2024

Check Greaves Electric Mobility IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the 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 our Company;
• Funding expansion of the manufacturing capacity of Bestway Agencies Private Limited (“BAPL”) (our wholly
  owned Material Subsidiary);
• Funding expansion of the manufacturing capacity of MLR Auto Limited (“MLR”) (one of our Material
  Subsidiaries);
• Increasing our Company’s stake in MLR through acquisitions;
• Increase digitization and deployment of information technology infrastructure by our Company; and
• Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Greaves Electric Mobility IPO Review

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Greaves Electric Mobility IPO Registrar

KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: [email protected]
Website: https://ris.kfintech.com/

IPO Lead Managers aka Merchant Bankers

• Motilal Oswal Investment Advisors Limited
• IIFL Capital Services Ltd
• JM Financial Limited

Company Address

Greaves Electric Mobility IPO Limited
Plot No. 8/B/1 and 8/B/2,
E- City, Maheshwaram Mandal Raviryala Village,
K.V. Rangareddy 501 359,
Telangana, India
Phone: +91 90 3099 4222;
Email: [email protected];
Website: www.premierenergies.com

Greaves Electric Mobility IPO FAQs