Warivo Electric Mobility Ltd - IPO

Warivo Electric Mobility Ltd IPO Details

Initial public offering of upto 57,16,800 equity shares of face value of Rs. 10/- each (equity shares) for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (offer price) aggregating to Rs. [*] crores (the offer). The offer comprises a fresh issue of up to 46,32,000 equity shares aggregating up to Rs. [*] crores (fresh issue) and an offer for sale of up to 10,84,800 equity shares (offered shares) aggregating up to Rs. [*] crores, comprising up to 7,50,000 equity shares aggregating up to Rs. [*] crores by Rajeev Goel (promoter selling shareholder), up to 1,82,800 equity shares aggregating to Rs. [*] crores by Sanjay Kumar (promoter selling shareholder), up to 1,27,000 equity shares aggregating to Rs. [*] crores by Ritu Garg (promoter selling shareholder) and up to 25,000 equity shares aggregating to Rs. [*] crores by Rajni Chamaria (other selling shareholder) (collectively, the selling shareholders and such offer for sale of equity shares by the selling shareholders, the offer for sale). The offer will constitute [*] % of the post-offer paid up equity share capital of the company.The offer includes a reservation of up to [*] equity shares aggregating to Rs. [*] crores (constituting up to [*] % of the post offer paid-up equity share capital of the company) for subscription by market maker (market maker reservation portion). The offer less the market maker reservation portion is hereinafter referred to as the net offer. The offer and the net offer will constitute [*] % and [*] % respectively, of thepost- offer paid-up equity share capital of the company.The face value of the equity shares is Rs.10/- each. The offer price is [*] times of the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the Company. Funding capital expenditure for establishment of a lithium-ion battery manufacturing facility (Li-ion Facility) in Ellenabad, Haryana.. Investment in research and product development. Funding our incremental working capital requirements.

Warivo Electric Mobility Ltd Contact Details

Warivo Electric Mobility Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investor@warivoelectric.com

Website - https:, warivoelectric.com