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Raft Motors Ltd.

IPO Details
  • Issue Type Fixed Price
  • Price range
  • Market Lot
  • Total Equity Shares 5710000
  • Face Value Rs. 10
  • Listing Date
IPO Timeline
Opening date
Closing date
Listing Date

IPO Details

Raft Motors is driven by a passion for innovation and a commitment to excellence. Raft Motors is a part of Cosmic BirlaGroup based out of Kolkata. Raft Motors, operating in electric vehicle (EV) manufacturing sector, stands at the committedtowards sustainable and eco-friendly mobility solutions. Established in 2019, the company has rapidly evolved as a significantplayer in the EV market, specializing in the design, development, manufacturing and distribution of high-quality electric twowheelers.Our models are designed to cater to both low-speed and high-speed categories, providing the best options for ecoconsciousriders. Our Company manufactures a comprehensive range of electric two-wheelers. The manufacturing process iscarried out at Viyoev Ventures LLP, Gala 4 & 5, Building A-5, Om Rudra Complex, Kaman Road, Near Anjur Phata,Bhiwandi – 421302, Maharashtra, India, on contract manufacturing basis.

Projects

1. Project Name: Funding the capital expenditure towards land with proposed structure of 2,00,000 sq. ft of shed area

Project Cost: 500

2. Project Name: Funding the capital expenditure towards plant and machineries for setting up a of new manufacturing

Project Cost: 210.193

Promoters

Prmoters Name

1. Aditya Vikram Birla

2. AVB Endeavors Pvt Ltd.

Prmoters Holdings
  • Pre Share Capital: 11786700
  • Pre Promoter Holding: 78.25
  • Offer to Public: 5710000
  • Post Share Capital: 11376700
  • Post Promoter Holding:

Registrar

Registrar Name:MAS Services Ltd
Phone: 011-26387281/82/83
Email:
Website: www.masserv.com

Lead Managers

  • Horizon Management Pvt Ltd.

Subscription Details