India, Dec. 24 -- Kicking its public listing plans into motion, electric vehicle (EV) maker Greaves Electric Mobility (GEML) on Monday (December 23) filed its draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI).

In a filing with the exchanges, parent Greaves Cotton said that the initial public offering (IPO) will comprise a fresh issue of shares worth INR 1,00o Cr and an offer for sale (OFS) component of up to 18.93 Cr shares.

As part of the OFS, promoter Greaves Cotton will offload 5.1 Cr shares while Abdul Latif Jameel Green Mobility Solutions will sell 13.83 Cr shares. The stock will be listed on both the BSE and the NSE.

Greaves Electric sells electric scooters under the brand name "Ampere". It al...