Opens on August 2, 2024 Aims to raise Rs 5,500 crore Price band: Rs 72-76 per share Lot size: 195 shares
Leading EV market player in India 35% market share in electric two-wheeler segment Focused on vertically integrated EV technology and manufacturing
FY24 revenue: Rs 5009.83 crore (nearly doubled from FY23) FY24 loss: Rs 1584.44 crore (widened from FY23)
Repay debt Expand gigafactory Fund organic growth and R&D
GMP of Rs 15-16 (20-21% at upper price band)
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Market leader in growing EV sector Potential for future growth and market expansion Concerns about current valuation and profitability