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26 Jun, 2025
Supertech EV Limited IPO
The initial public offering (IPO) of Supertech EV Limited will be launched on June 25, 2025 and will be closed on June 27, 2025. The company is issuing new shares of 29.90 crore by an ordinary book-building process. The face value of each equity share is 10 and the share price band is 87 to 92. The shares will be listed on the BSE SME platform. The lot size is 1,200 shares and the minimum cost is 1,10,400 at the upper price band. Retail investors can buy up to 47.51 percent of the shares, 47.47 percent is reserved to non-institutional investors and 5 percent to qualified institutional buyers.
Company Background
Supertech EV Limited was started in 2022. It is an Indian electric vehicle company that manufactures and markets electric two-wheelers, L5 electric loaders and rickshaws. The firm has taken advantage of government subsidies and high demand of electric mobility solutions to become a leader in the Indian EV market.
Operations & Product Range
Facility & Production:
Supertech EV has two plants in Bahadurgarh, Haryana. They occupy about 75,325 sq. ft. Both plants are ISO 9001:2015 certified up to January 2027. It is a hybrid production company: it assembles electric scooters with completely knocked down (CKD) kits, primarily imported from China and produces e-rickshaw parts internally. The installed capacity is approximately 10,500 units per annum, with the utilization rate at 33 percent, which means that there is an opportunity to expand without massive capital outlay.
Brands & Market Presence:
The company has 12 electric vehicle variants. There are eight electric two-wheelers and four e-rickshaws. Notable products include Cargo Max L5 loader, Passenger Max e-rickshaw and Zapster Pro electric scooter. These are vehicles that are used to transport passengers and goods both in the city and in the countryside. Supertech EV has established a broad network of 445 distributors across 19 states in India such as Delhi, Haryana, Punjab, Rajasthan, Uttar Pradesh, Gujarat and Madhya Pradesh.
Revenue Channels
Supertech EV is a B2B and B2C business model that makes money by selling its electric two-wheelers and e-rickshaws to retail dealers and institutions. Supertech EV recorded revenue of 75.19 crore in FY25, which is an increase of 15-17 percent over 65.14 crore in FY24. Profit after tax (PAT) increased by 23 percent to 6.19 crore. EBITDA margins reached 12.62 percent and PAT margins were 8.25 percent. The sales channel was concentrated but resilient as the top 10 distributors had 41.43 percent of revenue.
Management & Shareholding
Promoters & Shareholding:
The promoters hold a significant stake, with pre-IPO promoter holding at approximately 94.99%, expected to reduce to about 70.02% post-IPO. The promoters, Mr. Jitender Sharma and Mr. Yetender Sharma, bring over two decades of experience in EV and manufacturing sectors, providing strong strategic and operational leadership.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Supertech EV Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Supertech EV Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 25, 2025 to June 27, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹87 to ₹92 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,49,600 shares (aggregating up to ₹29.90 Cr) |
| Reserved for Market Maker | 1,63,200 shares (aggregating up to ₹1.50 Cr) |
| Net Offered to Public | 30,86,400 shares (aggregating up to ₹28.39 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 91,09,088 shares |
| Share Holding Post Issue | 1,23,58,688 shares |
Supertech EV Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, Jun 25, 2025 |
| IPO Close Date | Fri, Jun 27, 2025 |
| Tentative Allotment | Mon, Jun 30, 2025 |
| Initiation of Refunds | Tue, Jul 1, 2025 |
| Credit of Shares to Demat | Tue, Jul 1, 2025 |
| Tentative Listing Date | Wed, Jul 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2025 |
Supertech EV Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,10,400 |
| Retail (Max) | 1 | 1200 | ₹1,10,400 |
| HNI (Min) | 2 | 2,000 | ₹2,20,800 |
Supertech EV Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 94.04% | 69.31% |
Competitive Strength:
- ● Coampmy produces 12 electric vehicle (EV) models which are passenger and cargo serving.
- ● The firm possesses a national sales network of 445 distributors in 19 states. This enables it to access numerous markets.
- ● Mahindra is a company with fast-increasing revenue and good profit and margins.
- ● The company has a hybrid manufacturing system that maintains low costs but can be easily expanded.
- ● It has its primary plant in Chakan, Maharashtra. It is ISO certified and is located adjacent to a highway, thus allowing easy transportation of parts to the factory.
Supertech EV Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 44.19 | 75.19 | 6.19 | 16.9 | 12.27 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 25 | 65.14 | 5.02 | 9.7 | 5.52 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 4.81 | 2.38 | 0.06 | 1.07 | - | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.66% |
| ROCE | 30.86% |
| Debt/Equity | 0.73 |
| RoNW | 36.66% |
| PAT Margin | 8.25% |
| EBITDA Margin | 12.62% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.33 | 3.93 |
| P/E (x) | 17.28 | 23.44 |
IPO Objectives
The funds raised from the IPO will be primarily used to:
- Meet working capital requirements.
- Repay a portion of certain borrowings.
- General corporate purposes.
Conclusion
The IPO of Supertech EV Limited allows you to enter the rapidly developing Indian electric vehicle market with a company with a diverse product line, an expanding distribution system and more successful financial performance. The new issue will assist the company in financing growth and repaying debt, positioning it to grow as electric vehicles become more widespread in India.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. When does the Supertech EV IPO open and close?
The IPO opens on June 25, 2025 and closes on June 27, 2025.
-
2. What is the price band for the IPO?
The price band is ₹87 to ₹92 per share.
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3. What is the minimum lot size for the application?
The minimum lot size is 1,200 shares, costing approximately ₹1,10,400 at the upper price band.
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4. On which stock exchange will the shares be listed?
The shares will be listed on the BSE SME platform.
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5. What are the main products of Supertech EV?
The company manufactures electric two-wheelers and L5 electric loaders and rickshaws, including models like Cargo Max, Passenger Max and Zapster Pro.
