Greaves Electric Mobility Limited
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Greaves Electric Mobility Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of TBD. The offering comprises a fresh issue component of TBD.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
Founded in 2008, Greaves Electric Mobility Limited is a company focused on electric vehicles, offering a wide range of electric two-wheelers and three-wheelers for both personal and commercial use. With over 16 years of experience, the company has built a strong presence in the EV market, providing products like high-speed and low-speed e-scooters, as well as electric and fuel-based three-wheelers for cargo and passenger transport. It has a wide dealer network across India and holds a notable market share in key states. The company emphasizes in-house research, technology, and manufacturing to improve innovation and cost efficiency, and is also planning to set up its own battery assembly to strengthen supply and quality. Its product portfolio includes electric scooters, cargo and passenger electric three-wheelers under the Greaves ELTRA brand, and ICE-based three-wheelers. As of September 30, 2024, the company had 411 permanent employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Electric Mobility Focus: Company electric 2-wheelers ane mobility solutions ma active che, je EV adoption growth sathe directly linked che.
- Strong Parent Support: Greaves Group backing thi funding, technology ane brand credibility ma advantage male che.
- Expanding Product Portfolio: Different EV models ane segments cover karta hova thi wider customer base target kari shake che.
- Profitability Challenge: EV segment ma high competition ane initial investment na karane profitability achieve karvu tough hoy che.
- Policy Dependency: Subsidies ane government incentives par dependency hoy, je change thay to demand impact thai shake che.
- Competitive Market: Ola, Ather ane other EV players sathe strong competition hoy, je pricing ane market share par pressure kare che.
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