JBM Auto soars as its arm secures $100 million capital investment from IFC
JBM Auto is currently trading at Rs. 667.40, up by 41.90 points or 6.70% from its previous closing of Rs. 625.50 on the BSE.
The scrip opened at Rs. 646.85 and has touched a high and low of Rs. 674.20 and Rs. 644.55 respectively. So far 731 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1045.00 on 12-Sep-2024 and a 52 week low of Rs. 489.30 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 674.20 and Rs. 613.90 respectively. The current market cap of the company is Rs. 14792.72 crore.
The promoters holding in the company stood at 67.53%, while Institutions and Non-Institutions held 2.40% and 30.08% respectively.
JBM Ecolife Mobility, a subsidiary of JBM Auto, has successfully secured a $100 million in INR equivalent long term capital investment from International Financial Corporation (IFC). The investment will finance deployment of modern, airconditioned electric buses across cities in Maharashtra, Assam, and Gujarat.
This investment will accelerate e-bus deployment and enhance JBM’s technological edge in delivering safe, modular, and sustainable mobility solutions. It marks IFC’s first capital investment in the e-bus sector in Asia and its largest globally, strengthening urban transport resilience across Indian cities.
JBM Auto is the flagship company of JBM Group. It is engaged in the automotive business that manufactures and sells sheet metal components, tools, dies & moulds and buses including sale of spare parts, accessories & maintenance contract of Buses.
