Compressors, Pumps & Diesel Engines Company Proposes Initial Public Offering by a Material Subsidiary That Makes Electric Vehicles
The stock is up by 68 per cent from its 52-week low of Rs 112.50 per share.
Greaves Cotton Limited has announced that its material subsidiary, Greaves Electric Mobility Limited (GEML), is planning an Initial Public Offering (IPO). This decision was made by GEML's board of directors, subject to shareholder approval. The IPO will involve both a fresh issue of shares and an offer for sale by existing shareholders.
The specific details of the IPO, including the size, price, and participants in the offer for sale, are yet to be finalized. These details will be disclosed by GEML in due course, after consultation with the book-running lead managers appointed for the IPO.
About Greaves Cotton Limited
Greaves Cotton Limited (GCL), also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company with a legacy of 165 years and strong brand trust. Originally renowned for its single-cylinder diesel engines, GCL has transformed into a fuel-agnostic, end-to-end mobility solutions provider, driven by the purpose of touching a billion lives by 2030 and enabling a sustainable transition to green mobility. Guided by its mission of "Empowering Lives”, the Company is building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Through its five independent business units—Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance and Greaves Technologies—Greaves combines agility with strategic focus, delivering innovation and enhancing accessibility for consumers. With significant investments in technology and human capital, the Company is positioned to lead in India's EV and sustainable mobility markets. The Company remains committed to sustainable growth and economic progress, making it a trusted partner in shaping the future of mobility in India.
On Monday, shares of Greaves Cotton Limited jumped 1.28 per cent to Rs 186.85 per share from its previous closing of Rs 186.85 per share with an intraday high of Rs 196.75 per share and an intraday low of Rs 188.35 per share. The stock is up by 68 per cent from its 52-week low of Rs 112.50 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.