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Allotment
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Listing
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Issue Size
57,16,800 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 110.44 | 68.06 | 39.61 | 27.53 |
| Total Income | 241.65 | 137.30 | 62.14 | 43.67 |
| Profit After Tax | 15.73 | 4.38 | 0.92 | 2.61 |
| EBITDA | 23.66 | 7.85 | 3.49 | 4.49 |
| NET Worth | 31.51 | 15.78 | 11.02 | 8.70 |
| Reserves and Surplus | 29.80 | 14.07 | 9.35 | 7.20 |
| Total Borrowing | 34.87 | 27.34 | 21.83 | 13.32 |
| 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% | ₹16.65 |
| Zelio E-Mobility Ltd. | SME | ₹78.34 Cr | ₹136 | 14.04 | ₹162.60 | +19.56% | ₹815.80 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 17.00 |
| 2 | Capital expenditure to be incurred by the Company for establishment of a lithium-ion battery manufacturing facility (“Li-ion Facility”) in Ellenabad, Haryana | 2.88 |
| 3 | Investment in research and product development | 6.70 |
| 4 | Funding our incremental working capital requirements | 35.00 |
| 5 | General Corporate Purposes | |
| Total | 61.58 |
About Warivo Electric Mobility IPO
Incorporated in December 2018, Warivo Electric Mobility Limited is a pure-play electric mobility company engaged in the design, manufacturing, assembly, and supply of electric two-wheelers (E-2Ws). The company offers a diversified portfolio of electric scooters under the Warivo and Warivo ECO brands, catering to urban, semi-urban, and emerging markets with low-speed and high-speed models designed for personal commuting and commercial applications. In addition to its electric two-wheeler portfolio, the company has received regulatory approvals for six electric three-wheeler variants under the Warivo Karwaan brand, supporting its planned expansion into the commercial EV segment. The company follows a vertically integrated business model with in-house product design, proprietary and patented vehicle models, dedicated R&D capabilities, and integrated manufacturing, assembly, testing, and quality assurance processes. Its manufacturing facility is located in Ellenabad, Haryana, supported by a dealer-led distribution network of over 350 active dealers across India as of December 31, 2025. The company focuses on delivering affordable, reliable, and practical electric mobility solutions whi
Contact Details
Warivo Electric Mobility Ltd. AddressDCG1-818-819DLF Corporate Green, Sector-74ANarsinghpurGurugram, Haryana, 1220040124-5181413investor@warivoelectric.comVisit Website