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Another Green IPO in India – Electric Vehicle maker Kabirdass to raise $15 million

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India has seen a raft of low quality offerings in the the recent months. However investors should not lose all hope as there has been some proposed filings for decent good quality companies as well.India has not seen a big sized Green IPO since Suzlon,however a Green Energy Utility Orient Green Power Ltd (OGPL) plans to do an IPO for setting up renewable energy plants .Close on the heels of Orient comes the news of another Green IPO , this time a small time Electric Vehicle maker Kabirdass Motors.India has generally lagged behind the US,Japanese and Chinese companies which are making great strides in the PHEV field despiteĀ  becoming a small car Design and Manufacturing hub due to its huge base of quality low cost engineers.While I can’t give a definite opinion on the IPO without looking at the prospectus as of now , what I liked aboutĀ  the company was its focus on making spare parts for electric scooters.These scooters are a huge hit in China and have rarely seen them in India.

KMCL obtains Sebi approval for its IPO – Economic Times

Battery-operated electric vehicles manufacturer, Kabirdass Motor Company Ltd (KMCL), today said that it has secured the approval of the Securities & Exchange Board of India (SEBI) for its upcoming IPO. The company is hoping to raise Rs 67-crore from the process, which is expected to hit the market within the next two-months, a press release said here.

The Chennai-based company is planning to use the proceeds of the issue towards the expansion of its existing facilities and for the manufacturing of spare parts of electric scooters, which it feels would help KMCL to reduce cost and realise better margins on the product


Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to

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