Raft Motors Limited
- Unlisted share
- Automotive
- ISIN INE1CJA01015
At a glance
Sales
FY24
₹1.92 Cr
−75.6%on FY23What the company earned from its customers in the year.
Profit
FY24
₹0.71 Cr
+106%on FY23What was left after every cost and tax was paid.
Net worth
FY24
₹3.12 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Raft Motors Limited
- ISIN
- INE1CJA01015
- Sector
- Automotive
- Type of share
- Unlisted equity share
- Indicative price per share
- On request
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Raft Motors Limited
Raft Motors designs, assembles and services electric two-wheelers sold under the Raft Cosmic EV brand through dealers and institutional buyers, mainly in Maharashtra, West Bengal, Odisha, Gujarat and Madhya Pradesh; it has used a contract manufacturing unit at Bhiwandi and is setting up its own plant at Domjur near Howrah. The company was incorporated in Mumbai in October 2019 and became a public company in December 2024. It is part of the Kolkata-based Cosmic Birla group: Aditya Vikram Birla and his AVB Endeavors Private Limited are the promoters and held about 66% between them when the draft prospectus was filed.
Written from: bseindia.com, raftcosmicev.in
Listing status. Draft prospectus dated 22 December 2024 filed with BSE for an SME IPO (fixed price) of up to 57,10,000 shares: a fresh issue of up to 53,00,000 shares and an offer for sale of up to 4,10,000 shares by promoter Aditya Vikram Birla, to list on the SME Platform of BSE. No listing could be confirmed. Raft Motors draft prospectus dated 22 December 2024 (BSE)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Automotive
- ISIN
- INE1CJA01015
- Year of incorporation
- 2019
- Headquarters
- Mumbai, Maharashtra (registered office); corporate office in Kolkata, West Bengal
- Parent / promoter
- Aditya Vikram Birla and AVB Endeavors Private Limited (Cosmic Birla group)
- Key people
- Chairman (Non-Executive Director): Aditya Vikram Birla; Whole-Time Director: Kushal Choudhury; CFO: Om Prakash Lohia; Company Secretary: Biswashree Pati
- Face value per share
- ₹10
- Equity shares outstanding
- 1,50,63,600 shares
- CIN
- U52100MH2019PLC331701
- Website
- raftcosmicev.in
Read from: Raft Motors draft prospectus dated 22 December 2024 (BSE), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Profit margincalculated
37.3%
Out of every ₹100 of sales, ₹37.3 was left as profit.
Return on equitycalculated
22.9%
For every ₹100 of the owners' money, the company made ₹22.9 of profit in the year.
Debt to equitycalculated
0.31×
The company has borrowed ₹0.31 for every ₹1 of its owners' money.
- Indicative price
- On request
- No. of shares
- 1,50,63,600
- EPS
- ₹4.53
- Book value per share
- ₹2.07
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2023-24. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Raft Motors Limited (formerly Raft Motors Private Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY22 to FY24: ₹11.75 Cr to ₹1.92 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY22 to FY24: ₹0.49 Cr to ₹0.71 Cr.
| Particulars | FY22 | FY23 | FY24Latest |
|---|---|---|---|
| Revenue from operations | 11.75 | 7.85 | 1.92▼76% |
| Other income | 0 | 0 | 0.16 |
| Total revenue | 11.75 | 7.85 | 2.08▼74% |
| Depreciation and amortisation | 0.01 | 0.03 | 0.02▼49% |
| Finance costs | 0.03 | 0.09 | 0.22▲132% |
| Profit before tax | 0.65 | 0.47 | 0.94▲101% |
| Profit after tax | 0.49 | 0.35 | 0.71▲106% |
| Basic earnings per share (as restated, before the December 2024 bonus) (₹) | 6.49 | 4.62 | 4.53▼2% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Raft Motors draft prospectus dated 22 December 2024 (BSE).
Ownership
Shareholding pattern
Who owns the company
As of 22 December 2024
38.3%Aditya Vikram Birla (promoter)
- Largest holder
- 38.3%
- Top 3 together
- 75.9%
- Holders named
- 6
- Aditya Vikram Birla (promoter)38.26%
- AVB Endeavors Private Limited (promoter)27.88%
- Raja Saha9.75%
- Prilika Enterprises Private Limited9.75%
- Purvi Birla2.30%
- Rinku Kochar1.25%
- Total89.19%
Read from: Raft Motors draft prospectus dated 22 December 2024 (BSE)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 21 Dec 20241,25,53,000 bonus shares issued in the ratio of five for every one held, taking the share count to 1,50,63,600. | Bonus issue | Equity shares | Not stated | Not stated |
| 21 Nov 202459,800 shares at ₹1,000 each (pre-bonus) to a group of individual investors. | Private placement | Equity shares | ₹1,000 | Not stated |
| 28 Oct 202490,490 shares at ₹1,000 each (pre-bonus) to individual and small corporate investors. | Private placement | Equity shares | ₹1,000 | Not stated |
| 31 Jul 202485,310 shares at ₹1,000 each (pre-bonus) to individual and small corporate investors. | Private placement | Equity shares | ₹1,000 | Not stated |
| 9 Apr 20247,00,000 shares at ₹20 each to AVB Endeavors Private Limited. | Rights issue | Equity shares | ₹20 | Not stated |
| 8 Dec 20238,25,000 shares at par, mainly to Aditya Vikram Birla (7,35,625), bringing the present promoter into the company; the cash flow statement shows ₹82.50 lakh raised from shares in FY2023-24. | Rights issue | Equity shares | ₹10 | ₹1 Cr |
| 23 Feb 20227,40,000 shares at par to the earlier shareholders; the cash flow statement shows ₹74.00 lakh raised from shares in FY2021-22. | Rights issue | Equity shares | ₹10 | ₹1 Cr |
Read from: Raft Motors draft prospectus dated 22 December 2024 (BSE)
Leadership
Management
Aditya Vikram Birla
Non-Executive Director and Chairman
Kushal Choudhury
Whole-Time Director
Om Prakash Lohia
Chief Financial Officer
Biswashree Pati
Company Secretary and Compliance Officer
Gayatri Birla Agrawal
Non-Executive Director
Amit Singhania
Independent Director
Nikita Rateria
Independent Director
Read from: Raft Motors draft prospectus dated 22 December 2024 (BSE)
Corporate calendar
Events
- 22 Dec 2024DRHP filingDraft prospectus filed with BSE for an SME IPO of up to 57.10 lakh sharesOpen
- 21 Dec 2024BonusBonus issue of five shares for every one heldOpen
- 20 Dec 2024EGMShareholders approved the IPO by special resolution (Board approval on 16 December 2024)Open
- 16 Dec 2024ConversionConverted to a public limited company; name changed to Raft Motors LimitedOpen
- 3 Sept 2024Auditor changeH R J & Associates replaced as statutory auditor by Baid Agarwal Singhi & Co.Open
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Raft Motors Limited on WhatsAppIs the price shown for Raft Motors Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Raft Motors Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Raft Motors Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
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GrowFast is not affiliated with, sponsored by or endorsed by Raft Motors Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.