CLOSED
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

BGauss Plans Rs 1,000 Crore IPO Amidst EV Market Growth

By ThePip DeskBGauss Plans Rs 1,000 Crore IPO Amidst EV Market Growth

Electric two-wheeler maker BGauss gears up for a Rs 1,000 crore IPO, aiming to file its DRHP soon as the EV market accelerates.

Electric two-wheeler manufacturer BGauss is reportedly planning an initial public offering (IPO) of approximately Rs 1,000 crore. This significant listing is set to include both a fresh issue and an offer for sale.

IPO Preparation Underway

BGauss, founded in 2020 by Hemant Mahendrakumar Kabra, has engaged bankers and lawyers for its potential public listing. The company, which is backed by Bharat Value Fund, aims to file a draft red herring prospectus (DRHP) in the next few months.

Key IPO Figures & Participants

  • Target IPO Size: Approximately Rs 1,000 crore
  • Company Founding Year: 2020
  • DRHP Filing Timeline: Within the next few months
  • Lead Bankers: ICICI Securities and Pantomath Financial
  • Recent Funding Round: Rs 110 crore in Series D

Market Context

This push for an IPO follows BGauss’s recent Series D funding round, where it successfully raised Rs 110 crore. The substantial capital infusion was notably led by its founder and Bharat Value Fund.

The decision to pursue an IPO comes amidst a highly competitive electric two-wheeler market. New-age players such as Ather Energy and Ola Electric hold significant market shares. Established companies like TVS Motor, Hero MotoCorp, and Bajaj Auto also maintain strong positions in this segment.

Home/auto/Article