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Bloomberg Quint

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Image Credit: Bloomberg Quint

Greaves Electricity Mobility IPO: SEBI Filing Reveals Rs 1,000 Crore Fresh Issue Plan

  • Greaves Electricity Mobility has filed its preliminary papers with SEBI for an IPO to raise up to Rs 1,000 crore.
  • The IPO includes a fresh issue of Rs 100 crore and an offer for sale of up to 18.9 crore shares.
  • The funds raised will be used for technology development, manufacturing expansion, and in-house battery assembly.
  • Motilal Oswal Investment Advisors Ltd., IIFL Capital Services Ltd., and JM Financial Ltd. are the book-running lead managers for the IPO.

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