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IPO Details, Price, Market Lot
| IPO Details | |
| IPO Open Date | 18 September 2024 |
| IPO Close Date | 20 September 2024 |
| IPO Issue Size | 38,86,000 Shares (Aggregating up to ₹24.09 Cr) |
| Fresh Issue | 38,86,000 Shares (Aggregating up to ₹24.09 Cr) |
| Offer for Sale | NIL |
| Retail Portion | Not less than 35% of the offer |
| NII Portion | Not less than 15% of the offer |
| QIB Portion | Not more than 50% of the offer |
| Listing At | NSE SME |
| IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹59 to ₹62 Per Share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 1 Lot (2000 Shares) |
| Minimum Amount (Cut-off price) | ₹1,24,000 |
| Maximum Lot Size | 1 Lot (2000 Shares) |
| Maximum Amount (Cut-off price) | ₹1,24,000 |
| IPO Market Lot For HNI | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 2 Lots (4000 Shares) |
| Minimum Amount (Cut-off price) | ₹2,48,000 |
IPO Date, Listing Date, Allotment Date
| Time Table (Tentative) | |
| IPO Open Date | 20 September 2024 |
| IPO Close Date | 24 September 2024 |
| Basis of Allotment Date | 25 September 2024 |
| Initiation of Refunds | 26 September 2024 |
| Credit of Share to Demat Account | 26 September 2024 |
| IPO Listing Date | 27 September 2024 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 31 March 2024 | 3,151.35 | 2,514.21 | 167.21 | 1,676.70 | 1,419.35 |
| 31 March 2023 | 1,962.40 | 2,061.86 | 9.80 | 723.14 | 1,239.26 |
| 31 March 2022 | 1,497.41 | 1,391.71 | 15.19 | 713.34 | 784.07 |
| Period Ended | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 3,151.35 | 1,962.40 | 1,497.41 |
| Revenue | 2,514.21 | 2,061.86 | 1,391.71 |
| P A T | 167.21 | 9.80 | 15.19 |
| Net Worth | 1,676.70 | 723.14 | 713.34 |
| Borrowings | 1,419.35 | 1,239.26 | 784.07 |
| Amount in ₹ Lakh | |||
Company Promotor & Promotor’s Holding
| Pre Issue Promotor Holding | 89% |
| Post Issue Promotor Holding | 62.48% |
Company Address
IPO Registrar, Lead Manager, Prospectus
| IPO Prospectus |
| IPO Registrar |
| Bigshare Services Pvt Ltd |
| IPO Lead Manager |
| Khandwala Securities Limited |
Objective of the Issue
- Funding the purchase of electric two-wheeler vehicles for selling and supplying the same to our new and existing dealers.
- Funding capital expenditure proposed to be incurred towards setting up eleven dealership stores in various states in India.
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- General Corporate Purposes.