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Open
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Close
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Allotment
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Listing
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Issue Size
57,10,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 71.95 | 7.53 | 3.91 | 3.79 |
| Total Income | 43.13 | 2.08 | 7.85 | 11.75 |
| Profit After Tax | 6.67 | 0.71 | 0.35 | 0.49 |
| NET Worth | 34.75 | 3.12 | 1.58 | 1.24 |
| Reserves and Surplus | 32.24 | 1.55 | 0.83 | 0.49 |
| Total Borrowing | 15.01 | 0.97 | 0.87 | 0.64 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Victory Electric Vehicles International Ltd. | SME | ₹34.56 Cr | ₹41 | 12.41 | ₹32.75 | -20.12% | ₹16.75 (-0.30%) |
| Zelio E-Mobility Ltd. | SME | ₹78.34 Cr | ₹136 | 14.04 | ₹162.60 | +19.56% | ₹828.20 (+2.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure towards land with proposed structure of new manufacturing unit | 50.00 |
| 2 | Funding the capital expenditure towards plant and machineries for setting up a of new manufacturing unit at Mouza Dakshin Jhapardah, Domjur, Jhapardaha Panchayat, ONGC Road, P.S. Domjur, Howrah | 21.02 |
| 3 | Prepayment or repayment of all or a portion of certain unsecured loans availed by the Company | 15.01 |
| 4 | Funding working capital requirements of the Company | 25.00 |
| 5 | General corporate purposes | 25.00 |
About Raft Motors IPO
Incorporated in 2019, Raft Motors Limited is an electric vehicle manufacturer. The company specializes in producing electric scooters, batteries, and accessories such as helmets, seat covers, and parking covers. Their product lineup includes models like the Warrior, Zanskar, Soldier, Indus, Teesta, and Indrajeet, all powered by lithium ferro phosphate batteries. The company has sold over 3,000 electric scooters and established a network of 94 authorized dealerships across India and Nepal. Raft Motors envisions a future where electric mobility becomes the norm, contributing to a cleaner and greener world. The company's Bhiwandi facility produces 10,000 two-wheelers annually, while the Domjur facility in Howrah can produce 14,000 units. The Domjur facility features modern equipment, quality control, and sustainable practices. Product Portfolio: The company operates a B2B and B2C model, offering two categories of electric two-wheelers: low-speed (up to 25 km/h) and high-speed (over 25 km/h), with multiple models in each segment. Warrior: The company's Warrior model is designed for the bold and adventurous, offering a 100 km range on a single charge. It features a robust design, ideal
Contact Details
Raft Motors Ltd. AddressB/607, 6th Floor,Kanakia Wall Street, Andheri Kurla Road,Chakala, Andheri (East), MumbaiAndheri, Maharashtra, 400093+91 3345038692cs@raftmotors.comVisit Website