Greaves Electric Mobility files IPO papers to raise ₹1,000 cr
Business Standard|December 25, 2024
Greaves Electric Mobility Limited (GEML), the electric-vehicle (EV) maker behind brands like Ampere, Eltra, and Ele, has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise ₹1,000 crore through an initial public offering (IPO).
ANJALI SINGH

The IPO includes a fresh issue of equity shares worth ₹1,000 crore and an offer-for-sale of up to 189.3 million equity shares by Greaves Cotton Limited and Abdul Latif Jameel Green Mobility Solutions DMCC.

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