Greaves Cotton Soars 15% After Over 45 Million Shares Trades On Nse

Greaves Cotton soars 15% after over 45 million shares trades on NSE. Marking one of its best performances.

Greaves Cotton Hits Record High Ahead of Greaves Electric Mobility IPO

Shares of Greaves Cotton soared to a new high of ₹271.90 on the National Stock Exchange (NSE) during Friday’s intra-day trading, marking a significant 16% surge. This rally came on the back of heavy trading volumes, as excitement builds for the upcoming Initial Public Offering (IPO) of its material subsidiary, Greaves Electric Mobility Limited (GEML).

By 1:05 PM, over 50.11 million shares, representing 21.55% of the company’s equity, were traded on the NSE. The counter registered a staggering turnover of ₹1,301 crore, which accounts for 21% of Greaves Cotton’s current market capitalization of ₹6,214 crore, according to NSE data.


IPO Announcement for Greaves Electric Mobility

In an exchange filing dated December 23, Greaves Cotton confirmed that GEML had filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), BSE, and NSE.

The IPO details include:

  • A fresh issue of equity shares aggregating up to ₹1,000 crore.
  • An offer for sale (OFS) of:
    • 51 million shares by Greaves Cotton.
    • 138.4 million shares by Abdul Latif Jameel Green Mobility Solutions DMCC.

The IPO remains subject to regulatory approvals, market conditions, and other considerations.


Greaves Cotton

About Greaves Cotton: Driving Green Mobility

Greaves Cotton is a diversified engineering company that has evolved from being a renowned manufacturer of single-cylinder diesel engines to a leading provider of fuel-agnostic mobility solutions. The company is on a mission to touch a billion lives by 2030, spearheading a sustainable transition to green mobility.

Operating through five key business units:

  1. Greaves Engineering
  2. Greaves Electric Mobility
  3. Greaves Retail
  4. Greaves Finance
  5. Greaves Technologies

The company combines innovation with accessibility, positioning itself as a leader in India’s electric vehicle (EV) and sustainable mobility markets.


Greaves Cotton Soars 15% After Over 45 Million Shares Trades On Nse

Recent Milestones

Expansion into Electrified Construction Equipment

On December 11, 2024, Greaves Retail, a division of (GC), unveiled a new range of high-performance electrified light construction equipment at bauma CONEXPO India 2024.

These cutting-edge, zero-emission solutions integrate advanced electrification technologies, enhancing performance while reducing operational costs. The move reinforces Greaves Cotton’s commitment to sustainability and environmental responsibility while expanding its presence in the construction equipment market.


Strategic Vision

With sustained investments in technology and human capital, Greaves Cotton is strategically placed to lead the charge in electric mobility and clean energy solutions. The launch of GEML’s IPO further underscores the company’s dedication to innovation, sustainability, and delivering long-term value to stakeholders.


Greaves Cotton Company

Greaves Cotton Hits Record High Ahead of GEML IPO

Greaves Cotton’s shares surged 16% to a record high of ₹271.90 on the NSE, driven by electrifying trading volumes ahead of the IPO of its subsidiary, Greaves Electric Mobility Limited (GEML). By 1:05 PM, 50.11 million shares had been traded, accounting for 21% of the company’s market capitalization of ₹6,214 crore.

Greaves Cotton announced that GEML filed a Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO) comprising a ₹1,000 crore fresh equity issue and an Offer for Sale (OFS) of 51 million shares by Greaves Cotton and 138.4 million shares by Abdul Latif Jameel Green Mobility Solutions DMCC. The Initial Public Offering (IPO) is subject to regulatory approvals and market conditions.NSE

Greaves Cotton has evolved from manufacturing diesel engines to becoming a game-changing fuel-agnostic mobility solutions provider, operating through five units: Greaves Engineering, Electric Mobility, Retail, Finance, and Technologies. Focused on sustainability, the company aims to impact a billion lives by 2030.

On December 11, 2024, Greaves Retail launched electrified light construction equipment at bauma CONEXPO India 2024, underscoring its commitment to trailblazing zero-emission solutions. With continued investment in innovation, Greaves Cotton is well-positioned to lead in electric mobility and clean energy solutions.



Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top