care@investkraft.com
+91-9599071040
+91-9797971876
Download DRHP
Latest GMP
- IPO Open Date
- --
- IPO Close Date
- --
- Allotment date
- --
- Listing date
- --
- Issue Size
- ₹ 1000 Cr.
- Issue Price Band
- --
- Lot Size
- --
- Minimum Investment
- --
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Greaves Electric Mobility Limited
Incorporated in 2008, Greaves Electric Mobility Limited is engaged in the business of Electric Vehicles (EV).
The company offers a full range of electric two-wheelers (E-2W) and three-wheelers (3W) for B2C and B2B customers. With over 16 years of experience, it has a strong presence in the E-2W industry.
Product Portfolio
The company offers a diverse range of electric two-wheelers (E-2W) and three-wheelers (3W), including high-speed, city-speed, and low-speed e-scooters, as well as electric and ICE three-wheelers for both cargo and passenger use.
E-2Ws
Focuses on E-2Ws, capitalizing on India’s growing middle class. Its diverse product portfolio, including the “Designed in India, Made in India” Nexus ST, caters to a wide range of customers, driving innovation and sales growth.
L5 E-3Ws
The L5 E-3W portfolio includes cargo and passenger models under the “Greaves ELTRA” brand. Its market share in the L5 3W diesel segment has increased from 0.2% to 3.5% between Fiscal 2022 and September 2024.
ICE-3Ws
Offers a range of ICE-3Ws, including diesel and CNG variants for cargo and passenger vehicles, sold under the “Greaves” brand.
Market Presence & Distribution
The company holds over 5% market share in states like Tamil Nadu and Bihar. As of September 30, 2024, it has 309 E-2W dealers and 188 3W dealers, with a geographically distributed network across India.
R&D and Manufacturing Focus
The company focuses on in-house R&D, technology, and manufacturing to drive innovation and cost efficiency. By Fiscal 2027, it plans to establish an in-house battery pack assembly for improved quality and supply chain reliability.
Workforce
As of September 30, 2024, the company had 411 permanent employees.
Competitive Strengths
- Robust and diverse product portfolio spanning across all segments of E-2W and 3W catering to multiple-use cases
- Deeply entrenched omnichannel distribution with a presence across India
- Robust customer care and service network focusing on delivering higher customer intimacy
- Strong development and design capabilities
- Capital-efficient and flexible operations
- Qualified workforce led by experienced and qualified management team and backed by a strong listed parent
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|
Financials of Greaves Electric Mobility Limited
A quick overview of the key financial performance of Greaves Electric Mobility Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 51%, Total Assets increased by 6% between FY2024 and FY2025 (Sep).
| Period Ended | FY2022 | FY2023 | FY2024 | FY2025 (Sep) |
|---|---|---|---|---|
| Revenue | 521.37 | 1,156.45 | 641.31 | 312.75 |
| Assets | 396.39 | 1,370.24 | 718.27 | 758.86 |
| Total Income | 521.37 | 1,156.45 | 641.31 | 312.75 |
| Profit After Tax | -45.38 | -19.91 | -691.57 | -106.15 |
| EBITDA | -17.78 | -23.07 | -205.62 | -91.47 |
| Net Worth | -43.01 | 1,084.81 | 412.07 | 386.78 |
| Reserves & Surplus | -54.73 | 1,066.17 | 393.31 | 367.55 |
| Total Borrowings | 232.56 | 3.39 | 46.76 | 47.60 |
IPO Lot Size
IPO lot size details are currently unavailable.
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| RoNW (%) | -25.25 |
| PAT Margin (%) | -33.94 |
| EBITDA Margin (%) | -30.26 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
-1
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
62.26
-
|
IPO Lead Manager(s)
Lead Manager Details
- Motilal Oswal Investment Advisors Limited
- Contact Person: Sankita Ajinkya / Ronak Shah
- SEBI Registration Number: INM000011005
- Investor Grievance Email: moiaplredressal@motilaloswal.com
- Website: https://www.motilaloswal.com
- Email: geml.ipo@motilaloswal.com
- Phone: +91 22 7193 4380
- Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai 400 025, Maharashtra, India
Lead Manager Details
- IIFL Capital Services Limited
- Contact Person: Dhruv Bhavsar / Pawan Kumar Jain
- SEBI Registration Number: INM000010940
- Investor Grievance Email: ig.ib@iiflcap.com
- Website: https://www.iiflcapital.com
- Email: geml.ipo@iiflcap.com
- Phone: +91 22 4646 4728
- Address: 24th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013, Maharashtra, India
Lead Manager Details
- JM Financial Limited
- Contact Person: Prachee Dhuri
- SEBI Registration Number: INM000010361
- Investor Grievance Email: grievance.ibd@jmfl.com
- Website: https://www.jmfl.com
- Email: greaveselectric.ipo@jmfl.com
- Phone: +91 22 6630 3030
- Address: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
- Phone
- +91 810 811 4949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Greaves Electric Mobility Limited
- Phone
- +91 80 6572 0000
- Contact Person
- Vijayamahantesh Khannur
- Corporate Identity Number
- U51900TN2008PLC151470
- Address
- Plot No. 72, Ranipet Industrial Park, Ranipet, Vellore, 632 403, Tamil Nadu, India
Greaves Electric Mobility Limited FAQs
