8 months ago

Eastman Auto Files IPO Papers Amid EV Battery Boom

Eastman Auto Files IPO Papers Amid EV Battery Boom
Eastman Auto files confidential draft IPO papers with Sebi · businesstoday.in

Eastman Auto and Power Ltd, a company that makes batteries, solar panels, and other energy products, has taken a big step.

They have filed some important papers with a government group called Sebi to start selling shares of their company to the public.

This is called an IPO.

The company, which was started in 2000, makes a lot of different energy products like batteries for electric three-wheelers, solar inverters, and home inverters.

They have many factories and a big team of scientists and engineers who help them make new products.

The company is doing well and makes a lot of money.

They also sell their products to many other countries.

This is important because India is trying to use more clean energy, and Eastman Auto is helping with that.

Meanwhile, a report by Customised Energy Solutions (CES) says that the demand for electric vehicle batteries in India is going to grow very fast.

By 2032, the demand will be 14 times more than it is now.

This growth is because more people are interested in electric vehicles, and new technologies are making batteries better and cheaper.

The report also talks about new types of batteries that can make electric vehicles go farther and be safer.

However, there are some challenges, like getting the materials needed for these batteries and making sure India can make enough of them.

Key facts

Company
Eastman Auto and Power Ltd (EAPL)
Founded
2000
Market Share
50% in electric three-wheeler (E3W) batteries (FY 2025)
Service Network
Over 2,500 partners and 1,200 distributors
Manufacturing Plants
Eight plants nationwide, with three dedicated to power electronics
R&D Team
Over 200 professionals and international experts
Patents and Designs
Five patents and 47 design registrations
Solar Panel Facility
800 MW manufacturing facility in Sonipat
Revenue (FY 2025)
Rs 4,228 crore
CAGR (FY 2023-FY 2025)
28%
Production Capacity
11.47 GWh of battery storage, six million energy-storage units, and two million units of solar inverters, home inverters, and E3W chargers
Export Reach
More than 50 countries
EV Battery Demand (2025)
17.7 GWh
Projected EV Battery Demand (2032)
256.3 GWh
CAGR (2025-2032)
35%
Battery Chemistry Innovations
LFP Gen 4, sodium-ion, solid-state batteries

Quotes

Eastman Auto and Power (EAPL)

A power-electronics company planning its primary market debut.

“the pre-filed draft red herring prospectus with SEBI and the stock exchanges in relation to the proposed initial public offering (IPO) of its equity shares on the main board.”
financialexpress.com

Sources

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