<ul><li>Greaves Electric Mobility has filed its draft red herring prospectus (DRHP) with SEBI for an INR 1,000 Cr IPO.</li><li>The IPO will consist of a fresh issue of shares worth INR 1,000 Cr and an offer for sale component of up to 18.93 Cr shares.</li><li>Greaves Electric sells electric scooters under the brand name 'Ampere' and plans to utilize IPO funds for product development, technology enhancement, and expanding manufacturing capacity.</li><li>The company reported a loss of INR 691.57 Cr in FY24 but generated operating revenue of INR 302.23 Cr in H1 of FY25.</li></ul>

Ampere-Maker Greaves Electric Files DRHP For INR 1,000 Cr IPO

Discover more