Greaves Electric Mobility Ltd
Pre Issue Shares
96,18,43,550
No. of Shares Issued
-
Pre Issue Equity Amt.
₹96.18 Cr
DP Filling Date
23 December 2024
Greaves Electric Mobility Ltd IPO Timeline
Greaves Electric Mobility Limited was incorporated on June 2, 2008 as Ampere Vehicles Private Limited', a Private Limited Company by the Registrar of Companies, Tamil Nadu at Chennai. Subsequently, the name of Company was changed to Greaves Electric Mobility Private Limited' and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Tamil Nadu at Coimbatore on October 11, 2021. Subsequently, the status was converted into a Public Limited Company and the name of the Company was changed to Greaves Electric Mobility Limited' and a fresh Certificate of Incorporation, was issued to Company by the Registrar of Companies, Central Processing Centre on November 15, 2024.
Greaves Electric Mobility Ltd IPO Details
| Greaves Electric Mobility Ltd IPO Date | - |
| Greaves Electric Mobility Ltd IPO Face Value | - |
| Greaves Electric Mobility Ltd IPO Price | - |
| Greaves Electric Mobility Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
| Listing At | - |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Greaves Cotton Ltd |
Company Financials
Greaves Electric Mobility Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 651.62 | 466.35 | -641.56 |
| 03-2023 | 1,389.42 | 1,092.35 | 6.55 |
| 03-2022 | 396.01 | 424.95 | -31.26 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment for (a) product and technology development and (b) enhancing capabilities at the company's technology centre in
- Development of the company's in-house battery assembly capabilities
- Funding expansion of the mfg capacity of BAPL
- Funding expansion of the mfg capacity of MLR
- Increasing the company's stake in its material subsidiary MLR through acquisitions
- Increase digitization and development of information technology infrastructure by the company
- General corporate purposes
Greaves Electric Mobility Ltd IPO Prospectus
Greaves Electric Mobility Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | - |
| Face Value | ₹1 |
Company Contact Information
#. 72 Ranipet Industrial ParkRanipet,Vellore-632403
Phone: +91 80 6572 0000
Email: cs.geml@greaveselectricmobility.com
Website: www.greaveselectricmobility.com
Greaves Electric Mobility Ltd IPO Registrar
Greaves Electric Mobility Ltd IPO Lead Manager(s)
- Motilal Oswal Investment Advisors Ltd
- IIFL Capital Services Ltd
- JM Financial Ltd