listed

Bharat EV Motors Ltd IPO

Bharat EV Motors manufactures electric two-wheelers and three-wheelers. The IPO proceeds will fund a new gigafactory in Maharashtra.

Price band

₹450 – ₹480

Open date

22 April 2026

Close date

25 April 2026

Listing date

30 April 2026

Lot size

31

Issue size

₹3,200 crore

Company Overview

Bharat EV Motors is one of India’s top 5 electric two-wheeler manufacturers by volume, with a market share of 8% in the e-scooter segment. The company also has a growing electric three-wheeler business serving last-mile delivery.

Listing Performance

  • Subscription: 8.5x
  • Issue Price: ₹480
  • Listing Price: ₹520 (+8.3%)
  • Day 1 Close: ₹535 (+11.5%)
  • Current Price: ₹548

Post-Listing View

Strong listing driven by robust EV sector sentiment and aggressive capacity expansion plans. The new gigafactory, expected to be operational by Q3 FY28, should double production capacity.