Fixed Price IPO | ₹[.] Cr | Listing at BSE SME |
Raft Motors Ltd. IPO is a Fixed Price Issue
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net offer |
| NII Shares Offered | 50% of the Net offer |
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.
As of November 30, 2024, the company has 49 employees on the payroll.
Competitive Strengths:
| 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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 30.34% |
| ROCE | 28.44% |
| Debt/Equity | 0.43 |
| RoNW | 22.86% |
| PAT Margin | 37.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 78.25% |
Lead Manager Reports
Raft Motors IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Raft Motors IPO open and close dates are not available as of now.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Raft Motors IPO using UPI as a payment gateway. Zerodha customers can apply in Raft Motors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Raft Motors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Raft Motors IPO dates are not announced. Please check back again after some time.
Raft Motors IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Raft Motors IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Raft Motors IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Raft Motors IPO allotment status.
The Raft Motors IPO listing date is not yet announced. The tentative date of listing is .
