Warivo Electric Mobility Ltd.
SMEPrice Range
TBA
Issue Size
TBA
Lot Size
1 Shares
Min. Investment
TBA
Financial Summary
(in crores)| Particulars | FY 2022-23 |
|---|---|
| Operating Revenue | 4,308.88 |
| Other Income | 58.07 |
| Total Income | 4,366.95 |
| Total Expenses | 3,847.37 |
| Profit Before Tax | 363.78 |
| Total Profit | 260.74 |
Subscription Details
Use of Proceeds
| # | Purpose | Amount (₹ Cr) |
|---|---|---|
| 1 | Funding our incremental working capital requirements | 350 |
Promoters
Promoter Shareholding
Pre-IPO
98.92%
Promoter stake
Post-IPO
N/A
Promoter stake
Offered to Public
57,16,800
shares
About the Company
We are a pure-play electric mobility company engaged in the designing, manufacturing, assembling and supplying of electric vehicles with a primary focus on electric two-wheelers (“E-2Ws”) which are available in various designs, features and speed variants. As a vertically integrated, pure-play electric mobility company, we design our products in-house, develop proprietary and patented vehicle models, and control key stages of manufacturing, assembly, testing, and quality assurance. We offer a range of electric scooters under our brands “Warivo” and “Warivo ECO”, catering to customers across urban, semi-urban and emerging markets in India. Our products are designed to address everyday mobility requirements by offering accessible, reliable and practical electric two-wheeler for regular personal and commercial use. At the core of our operations are our in-house R&D capabilities and customer experience initiatives, which drive product innovation, safety, performance, and after-sales support, ensuring a seamless and quality ownership experience. Our R&D team is experienced and executes design, engineering, and validation processes, making our product development robust.
Use of Proceeds
1. Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by our Company; 2. Funding capital expenditure for establishment of a lithium-ion battery manufacturing facility (“Li-ion Facility”) in Ellenabad, Haryana; 3. Investment in research and product development; 4. Funding our incremental working capital requirements; and 5. General corporate purposes.