Recently Evolet India has been seen to have captured the buzz in the Indian stock market ecosystem after increasing debates about its unlisted share price and possible IPO. As the electric vehicle industry grows at a fast pace and receives substantial government support, investors are looking at early-stage deals with EV-oriented businesses, such as Evolet. Nonetheless, Evolet remains a privately-owned company, where all the debate around the share prices are speculative and market-based, as opposed to the official exchange figures. This article will provide complete information about Evolet Share Price 2026: Share Value, IPO Date, Valuation & Investment Outlook and More.
Evolet Company Overview
Equity and investment wise, Rissala electric motors Pvt. Ltd owns Evolet India, a privately held company that they established in 2017 and based in Haryana. The company has not yet tried to enter into the capital markets that are open to the public, so NSE or even BSE do not trade its stocks and only the pre-IPO or even private market handles them. The increasing publicity of Evolet, the alignment of the sector with the EV initiative in India, and the activity of peers trading in the IPO have created a hope that the company might eventually list, perhaps in 2026-2027. Evolet is still a high-risk, speculative pre-IPO company story as opposed to a validated stock market investment until formal SEBI filings and audited disclosures are publicized.
| Aspect | Details |
| Company Name | Evolet India |
| Legal Entity | Rissala Electric Motors Pvt. Ltd. |
| Year of Incorporation | 2017 |
| Business Status | Private Limited Company |
| Stock Exchange Listing | Not Listed |
| NSE/BSE Status | No Listing (as of Jan 2026) |
| IPO Status | Pre-IPO (Unconfirmed) |
| Sector | Electric Mobility / EV |
| Investor Interest | High (Speculative) |
Evolet Real Share Name
The legal name that is being operated on the Evolet brand is Rissala Electric Motors Pvt Ltd, although the share name in unlisted markets is Rissala Electric Motors Pvt Ltd. Any share transactions and records that occurred before the IPO are associated with this registered name of the company.
| Detail | Information |
| Brand Name | Evolet |
| Legal Entity | Rissala Electric Motors Pvt Ltd |
| CIN | U74999DL2017PTC316909 |
| Listing Status | Private / Unlisted |
Is Evolet Share listed on NSE?
NSE does not list Evolet Industries since the company has no official share price as of January 2026. Because NSE has no ticker for the company, investors cannot find prices in real time and must follow investor interest in the unlisted (pre-IPO) market using privately traded transactions and company fundamentals.
| Parameter | Status |
| NSE Listing | Not Listed |
| Live Share Price | Not Available |
| Tracking Method | Unlisted / Pre-IPO Market |
| Reference Base | FY23 Revenue ₹9.02 Cr |
Evolet Share Price Target
The share price objectives of Evolet are speculative and rely much on a future IPO and business expansion. According to growth assumptions, the post-IPO prices of ₹50-₹100 before the IPO can increase to ₹200-₹300 after the IPO in case revenues and market share grow in a significant manner.
| Scenario | Price Range (₹) |
| Current Unlisted | 50 – 100 |
| Post-IPO (2027 est.) | 200 – 300 |
| Long-Term (2030) | 500 – 1000 |
| Key Trigger | Revenue growth & IPO |
Evolet Share Price Pre IPO
Evolet shares are listed unofficially and reported to trade between ₹40 and 80 based on the size of a deal and demand. The EV portfolio, zero debt policy and EV adoption push opportunities in India have been pushing valuations.
| Factor | Impact |
| Pre-IPO Price | ₹40 – ₹80 |
| Debt Status | Zero Debt |
| Core Products | Electric Scooters, ATVs |
| Market Driver | India EV policy (2030 goals) |
Is Evolet Share listed on BSE?
Evolet is not listed on BSE just like it is not listed on NSE. When investors enter Evolet in the BSEs, they get similar listed EV or auto corporations.
| Parameter | Status |
| BSE Listing | Not Listed |
| BSE Ticker | Not Available |
| Data Availability | None |
| Alternative Reference | Listed EV peers |
Evolet Share Price Projections (2026–2030)
The projections of price in the future are based on the successful IPO, quick increase in revenues and positive EV policies. The estimates are very speculative and can hardly be assured but rather indicative.
| Year | Low Target (₹) | High Target (₹) | Key Driver |
| 2026 | 100 | 250 | IPO launch |
| 2027 | 150 | 350 | Revenue scaling |
| 2028 | 250 | 500 | Profitability |
| 2029 | 350 | 700 | Market expansion |
| 2030 | 500 | 1000 | EV adoption boom |
Why Evolet Share Price Is Speculative
The Evolet India share price deliberation is regarded as a speculative one as the company is not publicly traded and does not have a SEBI-approved DRHP yet. It lacks an actual share price discovery since the valuation is determined by private dealings in the unlisted market. Lack of disclosure of public finances (as well as very low liquidity) make investors more uncertain. This means that current price targets and IPO expectations are not guarantees, but estimates.
| Factor | Impact |
| EV Sector Growth | Positive |
| Government Incentives | Positive |
| IPO Market Buzz | High |
| Financial Transparency | Limited |
| Liquidity | Very Low |
Evolet IPO Status and Expected Timeline
Evolet has not officially announced an IPO date, but market observers expect that EV-focused startups like Evolet may explore listings between late 2026 and 2027. These expectations are influenced by the development of the sector, the activities of peers IPOs, and increasing interest among investors in the electric mobility. But until the formal filings are placed, all IPO related values are unofficial and speculative.
| Parameter | Expected Range |
| IPO Year | 2026 – 2027 |
| Issue Size | ₹400 – ₹600 crore |
| Listing Platform | NSE & BSE |
| IPO Price Band | ₹150 – ₹200 |
| Valuation | ₹3,000 – ₹4,000 crore |
Evolet Share Price Target (Post-IPO)
Evolet shares price forecasts after the IPO are pegged on CAGR of the EV industry, peer analysis, and projected success of execution. According to the analysts, there will be moderate growth in the short term with greater growth in the long term, in case the company becomes efficient in its scaling. These forecasts are to be seen as guides, and not guides to investment.
| Year | Target Price (₹) | Basis |
| IPO Year | 150 – 200 | Listing valuation |
| End 2026 | 220 – 270 | EV adoption growth |
| 2027 | 280 – 330 | Revenue scaling |
| 2030 | 500 – 600 | Long-term EV expansion |
Evolet Share Valuation Overview
Evolet is unlisted, so its valuation has been determined based on venture financing rounds, estimated revenues, and similar EV businesses. These values give you a crude perception of size that are not as sure as audited and public disclosures. Valuation data should not be taken as an exact number by investors but rather consider it as an approximation.
| Metric | Estimate |
| Pre-Money Valuation | $50 – $70 million |
| Authorized Capital | ₹35+ crore |
| Paid-Up Capital | ₹28+ crore |
| Employee Strength | 100 – 200 |
Risk Comparison With Other Evolet Stocks
| Company Type | Listing Status | Risk Level |
| Evolet India | Unlisted | Very High |
| SME EV Companies | Listed | High |
| Large EV OEMs | Listed | Moderate |
| PSU Auto Companies | Listed | Lower |
Evolet Share Price Investment Risk Summary
Therefore, the high uncertainty in pre-IPO investment in Evolet is primarily due to illiquidity, potential IPO delays, and a lack of financial transparency. There are also valuation risks and regulatory alterations of EV policy that may influence results. All these render Evolet to only be applied by investors who have high risk appetite.
| Risk | Explanation |
| Liquidity Risk | Shares are hard to exit |
| IPO Timing Risk | Listing may be delayed |
| Valuation Risk | Private pricing may be inflated |
| Regulatory Risk | Policy changes can impact sector |
| Information Risk | Limited audited data |
Evolet Share Suitability for Retail Investors
Evolet stock is not a company that can be held by conservative and moderate investors. They can only be valued by ambitious investors that are aware of the risks of pre-IPO and that can afford to hold on to it without the possibility of liquidity. Exposure even then should be restricted.
| Investor Type | Allocation |
| Conservative | 0% |
| Moderate | Avoid |
| Aggressive | 5–10% of high-risk capital |
Long-Term Outlook
The 30 percent EV penetration goal set by India by 2030 is a good macro-level opportunity to companies developing EV-related activities. Provided that Evolet manages to list and implement its growth plan, it might turn into a compounding stock in the long run. Evolet is a high-risk, high-reward speculative equity story until an IPO is actually announced and financials are revealed, however.
Conclusion
Evolet India is a pre-IPO, un-listed company, and thus its valuation, shares price, and IPO schedule are mostly speculative at this point. Although the future of EV-based business in India is promising, the investment case of Evolet will largely rely on the future events like the filing to the SEBI, audited financial reporting, and announcement of IPO. Evolet can be considered as a high-risk, high-reward opportunity that only investors with high risk attitude and long-term orientation should consider.
FAQs
No, currently Evolet India is not a traded company on NSE or BSE and is a privately limited company.
Evolet is not publicly traded and therefore does not have a listed share price with any quoted value being a private market estimation.
However, Evolet has not yet announced an IPO or registered a SEBI-approved DRHP.
Yes, investing in Evolet shares can be regarded as being high risk because liquidity is low, financial information available to the public is limited, and the IPO is not known.
The shares of evolet can be regarded only by those aggressive investors or pre-IPO experts that may afford to be highly risky investments with long duration of holding.
Disclaimer
The information provided above was done to educate and inform rather than providing financial, investment or legal advice. Evolet Industries (trading under Rissala Electric Motors Pvt Ltd) is a non-listed, privately held company and all the share prices, targets, projections, and IPO dates are speculative and through reports that have been published publicly and discussions not published in the market and assumptions in the industry.
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