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Greaves Electric Mobility IPO: The firm might increase Rs 200 crore via a pre-IPO positioning.
Greaves Electric Mobility IPO: Motilal Oswal Investment Advisors, IIFL Capital Services and JM Financial are guide running lead supervisors for the IPO.
Greaves Electric Mobility IPO: The electrical automobile maker, has actually sent draft documents to the resources markets regulatory authority Sebi to increase funds via a going public.
Greaves Electric Mobility IPO DRHP Sebi
The upcoming IPO of Greaves Electric Mobility Limited (GEML) consists of a mix of a fresh problem of equity shares worth Rs 1,000 crore and an Offer for Sale (OFS) of 18.9 crore shares by offering investors, according to the draft documents submitted on Monday.
OFS Breakdown
As component of the OFS, the marketer Greaves Cotton will certainly unload 5.1 crore equity shares, while financier Abdul Latif Jameel Green Mobility Solutions DMCC will certainly unload 13.8 crore shares.
Pre- IPO Placement Option
The firm might increase Rs 200 crore via a pre-IPO positioning. If this positioning happens, the fresh problem dimension will certainly be lowered as necessary.
Utilisation of IPO Proceeds
The follows the fresh problem will certainly be assigned to different tactical campaigns:
- Rs 375.2 crore for item and innovation growth at the Bengaluru Technology Centre
- Rs 82.9 crore for establishing internal battery setting up capacities
- Rs 19.8 crore for increasing the production ability of Bestway Agencies Private Limited
- Rs 38.2 crore to broaden MLR Auto Limited’s production ability
- Rs 73.6 crore to boost the firm’s risk in MLR via procurements
- Rs 27.8 crore for boosting digitisation and IT facilities
- Funds for not natural development via procurements and basic company objectives
Manufacturing Footprint
As of September 30, 2024, GEML runs 3 making centers in tactical places: Ranipet (Tamil Nadu), Greater Noida (Uttar Pradesh), and Toopran (Telangana).
About Greaves Electric Mobility
Greaves Electric Mobility is recognized for its ‘Ampere’ brand name of electrical mobility scooters and likewise makes three-wheelers under a different brand name. The firm uses a series of electrical cars in the two-wheeler (E-2W) and three-wheeler (3W) sections, accommodating both B2C and B2B clients for individual and industrial usage.
Financial Performance
For monetary 2024, the firm reported a profits from procedures of Rs 611.8 crore. For the 6 months finished September 30, 2024, the earnings stood at Rs 302.2 crore.
IPO Book Running Lead Managers
Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are guide running lead supervisors for the IPO.
