₹48.75 Crores | Listing at BSE | Fri, Sep 26, 2025 - Fri, Oct 24, 2025
Wardwizard Innovations & Mobility Ltd Rights Issue comprises 4.43 Cr equity shares aggregating to ₹48.75 Cr, offered at an issue price of ₹11 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Sep 19, 2025, with the Rights Issue being offered in the entitlement ratio of 17 : 100.
The term of payment is defined as following : Full Payment will be payable at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on .
The Rights Issue opens on Sep 26, 2025, and closes on Oct 24, 2025, with renunciation of Rights Entitlements permitted up to Oct 1, 2025.
The deemed date of allotment is [.] following which the equity shares are expected to be credited to demat accounts on and listed at the BSE on [.].
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Wardwizard Innovations & Mobility Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Sep 19, 2025
Entitlement Ratio
17 : 100
Open Date
Fri, Sep 26, 2025
Close Date
Fri, Oct 24, 2025
Full Payment will be payable at the time of application.
Wardwizard Innovations & Mobility Ltd's revenue decreased by 5% and profit after tax (PAT) dropped by 53% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 412.86 | 285.39 |
| Total Income | 305.35 | 321.63 |
| Profit After Tax | 6.36 | 13.44 |
| Amount in ₹ Crore | ||
Wardwizard Innovations & Mobility Limited, under the visionary leadership of Mr. Yatin Gupte, has emerged as one of India’s leading players in the electric vehicle (EV) sector. The Company is committed to revolutionizing sustainable mobility through innovative, affordable, and reliable electric two-wheelers and three-wheelers designed specifically for Indian roads and conditions.
The Company operates state-of-the-art manufacturing facilities in Vadodara, Gujarat, spanning 1,10,000 sq. ft., with a combined annual production capacity of up to 1.2 lakh units in a single shift, scalable to 3–4 lakh units per year with multiple shifts. Expanding its footprint, Wardwizard commissioned a new assembly line in March 2024 at Deoghar, Jharkhand, spread over 15,000 sq. ft., capable of producing 20,000 units annually to cater to regional demand across Jharkhand, Bihar, Uttar Pradesh, West Bengal, Odisha, and the North East, with planned exports to Nepal.
Wardwizard’s product portfolio includes a wide range of electric two-wheelers and three-wheelers that balance affordability, performance, design, and utility. The two-wheeler range, equipped with features such as anti-theft technology and reverse mode, serves diverse age groups from teenagers to senior citizens. Its three-wheeler lineup includes the E-Rik for affordable commuting, the E-Cart Garbage Container designed for municipal and environmental applications, and the E-Loader for efficient goods transport.
With a strong emphasis on after-sales service and customer support, Wardwizard not only delivers quality products but also ensures long-term satisfaction and loyalty. Through continuous innovation, strategic expansion, and customer-centric solutions, the Company is playing a pivotal role in driving India’s EV adoption and sustainable mobility future.
The company proposes to utilize the Net Proceeds towards funding the following Objects:
[Dilip Davda] WIML is engaged in the manufacturing of electric vehicles and spare parts as well as other related services. It posted inconsistency in its financial performance for the reported periods. The company is operating in a highly competitive and fragmented segment. Based on its recent financial data, the RI appears aggressively priced. Declining promoter’s holding raises alarm. Only well-informed/cash surplus/risk seekers may park funds for medium term. Read detail review...
Wardwizard Innovations Rights Issue 2025 got subscribed by 0.75 times by the end of the bidding period with total bid quantity received by BSE of 3,31,86,186 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Oct 24 2025 17:00:00 | 3,31,86,186 | 0.75x |
Wardwizard Innovations & Mobility Ltd
Office No. 4604, 46th Floor, Kohinoor Square
Kelkar Marg, Shivaji Park, Dadar (West),
Nr. R.G Gadkari chowk, Shivaji Park
Mumbai, 400028
Purva Sharegistry (India) Pvt.Ltd.
The Wardwizard Innovations Rights Issue 2025 opens on Fri, Sep 26, 2025, and closes on Fri, Oct 24, 2025.
Wardwizard Innovations Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Thu, Sep 25, 2025 |
| Last Date for renunciation of Rights Entitlements | Wed, Oct 1, 2025 |
| Issue Opening Date | Fri, Sep 26, 2025 |
| Issue Closing Date | Fri, Oct 24, 2025 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
You can apply for Wardwizard Innovations Rights Issue 2025 in two ways:
Steps to apply for Wardwizard Innovations Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Wardwizard Innovations Rights Issue 2025 using Registrar's website (R-WAP)
