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Warivo Electric Mobility Ltd.

SMEBSE
unknown

TBA

TBA

1 Shares

TBA

₹10

Financial Summary

Standalone(in ₹ million)
ParticularsFY 2024-25FY 2023-24
13,650.256,190.61
79.3723.3
13,729.626,213.91
12,842.345,825.34
579.16101.31
437.5492.34

Subscription Details

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IPO Timeline

IPO Offer Start

TBA

IPO Offer Ends

TBA

TBA

Use of Proceeds

#PurposeAmount (₹ Million)
1Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by 170
2Funding capital expenditure for establishment of a lithium-ion battery manufacturing 28.806
3Investment in research and product development66.986
4Funding our incremental working capital requirements350

Promoters

Ravi KumarSanjay KumarRajeev GoelRitu GargNeetu GargBhavay GargYuvraj

Book Running Lead Managers

Socradamus Capital Pvt Ltd.Hem Securities Ltd.

Promoter Shareholding

Pre-IPO

98.92%

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.

Warivo Electric Mobility Ltd. Latest News

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