EV maker Greaves Electric Mobility files IPO papers with Sebi; aims to raise Rs 1,000 crore

According to the draft papers, the IPO consists of a fresh issue of equity shares valued at Rs 1,000 crore, along with an Offer for Sale (OFS) of 18.9 crore shares by the selling shareholders. The company may raise Rs 200 crore through a pre-IPO placement. Greaves Electric is recognised for its 'Ampere' brand of electric scooters and also produces three-wheelers under a separate brand name.