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EV maker Greaves Electric Mobility files IPO papers with Sebi; aims to raise Rs 1,000 cr

  • Electric vehicle maker Greaves Electric Mobility Ltd has filed draft papers with Sebi for an IPO.
  • The IPO includes a fresh issue of equity shares worth Rs 1,000 crore and an Offer for Sale (OFS) of 18.9 crore shares.
  • The company plans to raise funds for product and technology development, expanding manufacturing capacity, and inorganic growth through acquisitions.
  • Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book running lead managers to the issue.

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