Greaves Electric Mobility Ltd Pre-IPO Tearsheet

APAC IPOs & Placements, Aequitas Research

Troy Wong

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Greaves Electric Mobility Ltd (GEML) / Equity Capital Markets

Greaves Electric Mobility Ltd (GEML) (1295040D IN)

<ul>
<li>Greaves Electric Mobility Ltd (GEML) is looking to raise about US$120m in its upcoming India IPO.</li>
<li>GEML is a manufacturer of electric vehicles in India, specializing in E-2Ws and 3Ws to a lesser extent. It’s focusing on shifting towards higher ASP High Speed E-2Ws.</li>
<li>Historically, demand has been sensitive to whether government subsidies are available and had impacted margins before.</li>
</ul>


Greaves Electric Mobility Ltd (GEML) is looking to raise about US$120m in its upcoming India IPO.
GEML is a manufacturer of electric vehicles in India, specializing in E-2Ws and 3Ws to a lesser extent. It’s focusing on shifting towards higher ASP High Speed E-2Ws.
Historically, demand has been sensitive to whether government subsidies are available and had impacted margins before.


Greaves Electric Mobility Ltd Pre-IPO - Battles Market Share Erosion and Reliance on Subsidies