We are primarily engaged in the business of manufacturing, assembling and supplying of electric vehicles, offering a range of electric two-wheelers (“E-2Ws”) and three-wheelers (“3Ws”), available in a variety of design, color, speed variants etc. We are an ISO 45001:2018, ... Read more
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 16,39,800 (28.47%) |
| Market Makers | 2,94,000 (5.1%) |
| Non Institutional Investors | 8,19,900 (14.23%) |
| Qualified Institutional Buyers (QIBs) | 10,93,200 (18.98%) |
| Retail Individual Investors (RIIs) | 19,13,100 (33.21%) |
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 173.80 Cr | 16.01 Cr | 10.14 Cr |
| 31 Mar 2024 | 94.90 Cr | 6.31 Cr | 10.64 Cr |
| 31 Mar 2023 | 51.62 Cr | 3.06 Cr | 4.33 Cr |
Offer for Sale
The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholders. The Promoter Selling
Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale after deducting their portion of the Offer related expenses and relevant taxes thereon. Other than the listing fees for the Offer, all cost, fees and expenses in respect of the Offer will be shared amongst the Company and Promoter Selling Shareholders, respectively, in proportion to the proceeds received for the Fresh issue and their respective portion of Offered Shares, as may be applicable, upon the successful completion of the Offer.
Fresh Issue
The Company proposes to utilize the funds which are being raised through the Fresh Issue, after deducting the Offer related expenses to the extent payable by the Company with respect to the Fresh Issue, towards funding the following objects:
1. Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.
2. Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit.
3. To Meet Working Capital Requirement.
4. General Corporate Purpose.
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 136.00 | - |
| Open | ₹ 154.90 | - |
| Low | ₹ 154.90 | - |
| High | ₹ 162.60 | - |
| Last Trade | ₹ 162.60 | - |
The Promoters of the Company are:
1) Niraj Arya
2) Kunal Arya
3) Deepak Arya
4) Sayuri Arya
The information in this section has been extracted from various websites and publicly available documents from various industry stheces. The data may have been re-classified by us for the purpose of presentation. Neither we nor any other person connected with the Offer has independently verified ... Read more
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