If you’re hunting for the next EV, this move signals that one of the biggest battery suppliers is stacking cash. The company pulled in ₹2,000 crore by selling 1,05,82,010 equity shares to qualified institutional buyers at ₹1,890 per share, slashing the floor price by 2.96%.
The investors lined up like a convoy of giants: Singapore’s government investors grabbed 17,79,269 shares—about 16.8% of the issue—while ICICI Prudential funds took 10,58,202 shares, and Invesco India funds secured 7,40,741 shares. Other heavyweights such as Axis Mutual Fund, Mirae Asset, ICICI Prudential Life and Societe Generale – ODI also claimed more than 5% each.
With the money in hand, Bharat Forge can shore up its battery‑pack manufacturing lines, a move that should ease supply chain bottlenecks that have kept EV prices higher than they ought to be. The company’s expanded capacity means more cells per month, which in turn gives automakers the latitude to tweak pricing without compromising on range.
The QIP closed on September 22, and the firm is gearing up to deploy the capital in the first quarter of 2027. Automotive buyers can expect the ripple effect to surface in the next few months as new battery modules hit the market, potentially trimming the cost of a ₹15‑20 lakh EV.