Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Warivo Electric Mobility Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on June 30, 2026 to raise funds through Initial Public Offer (IPO).
Warivo Electric Mobility Ltd. IPO is a Book Build Issue of 0.57 crore equity shares consisting of a fresh issue of upto 0.46 crore equity shares and an offer for sale (OFS) of upto 0.11 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Socradamus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Warivo Electric Mobility IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 57,16,800 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 46,32,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 10,84,800 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,70,85,000 shares |
| Share Holding Post Issue | 2,17,17,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jun 30, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in December 2018, Warivo Electric Mobility Limited is a pure-play electric mobility company engaged in the design, manufacturing, assembly, and supply of electric two-wheelers (E-2Ws). The company offers a diversified portfolio of electric scooters under the Warivo and Warivo ECO brands, catering to urban, semi-urban, and emerging markets with low-speed and high-speed models designed for personal commuting and commercial applications. In addition to its electric two-wheeler portfolio, the company has received regulatory approvals for six electric three-wheeler variants under the Warivo Karwaan brand, supporting its planned expansion into the commercial EV segment.
The company follows a vertically integrated business model with in-house product design, proprietary and patented vehicle models, dedicated R&D capabilities, and integrated manufacturing, assembly, testing, and quality assurance processes. Its manufacturing facility is located in Ellenabad, Haryana, supported by a dealer-led distribution network of over 350 active dealers across India as of December 31, 2025. The company focuses on delivering affordable, reliable, and practical electric mobility solutions while emphasizing product innovation, safety, performance, and customer experience.
Led by an experienced management team, Warivo Electric Mobility benefits from strong in-house engineering capabilities, scalable manufacturing processes, and a structured domestic and international supply chain.
As of December 31, 2025, the company employed 135 personnel across manufacturing, sales, supply chain, after-sales service, finance, legal, quality, R&D, HR, and administration.
Strengths
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 110.44 | 68.06 | 39.61 | 27.53 |
| Total Income | 241.65 | 137.30 | 62.14 | 43.67 |
| Profit After Tax | 15.73 | 4.38 | 0.92 | 2.61 |
| EBITDA | 23.66 | 7.85 | 3.49 | 4.49 |
| NET Worth | 31.51 | 15.78 | 11.02 | 8.70 |
| Reserves and Surplus | 29.80 | 14.07 | 9.35 | 7.20 |
| Total Borrowing | 34.87 | 27.34 | 21.83 | 13.32 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Victory Electric Vehicles International Ltd. | SME | ₹34.56 Cr | ₹41 | 12.41 | ₹32.75 | -20.12% | ₹16.45 (+2.17%) |
| Zelio E-Mobility Ltd. | SME | ₹78.34 Cr | ₹136 | 14.04 | ₹162.60 | +19.56% | ₹764.90 (+4.00%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 17.00 |
| 2 | Capital expenditure to be incurred by the Company for establishment of a lithium-ion battery manufacturing facility (“Li-ion Facility”) in Ellenabad, Haryana | 2.88 |
| 3 | Investment in research and product development | 6.70 |
| 4 | Funding our incremental working capital requirements | 35.00 |
| 5 | General Corporate Purposes | |
| Total | 61.58 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 66.54% | 32.66% |
| ROCE | 34.63% | 16.28% |
| Debt/Equity | 1.11 | 1.73 |
| RoNW | 49.93% | 27.73% |
| PAT Margin | 6.52% | 3.21% |
| EBITDA Margin | 9.81% | 5.75% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.56 | 9.66 |
| Promoter Holding | 98.82% |
Lead Manager Reports
Warivo Electric Mobility IPO is a SME IPO of 57,16,800 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 Warivo Electric Mobility IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Warivo Electric Mobility IPO using UPI as a payment gateway. Zerodha customers can apply in Warivo Electric Mobility IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Warivo Electric Mobility IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Warivo Electric Mobility IPO dates are not announced. Please check back again after some time.
Warivo Electric Mobility IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Warivo Electric Mobility 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 Warivo Electric Mobility IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Warivo Electric Mobility IPO allotment status.
The Warivo Electric Mobility IPO listing date is not yet announced. The tentative date of listing is .
