- POSITIVE
Annual Revenue Supertech EV Mar-2026 Annual Revenue is Rs 78 Cr which is growth of 4.0% YoY.
- NEGATIVE
Annual Net Profit Supertech EV Mar-2026 Annual Net Profit is Rs 4 Cr which is growth of -36.5% YoY.

Supertech EV was incorporated on August 12, 2022. The company manufactures electric rickshaws and assembles high- and low-speed electric two-wheelers. It sources key components such as motors, controllers, and axles domestically for e-rickshaws, while the assembly of two-wheelers relies primarily on imported completely knocked-down kits from China
| Bidding Dates |
|---|
| 25 Jun 2025 - 27 Jun 2025 |
| Subscription |
|---|
| 4.23x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹104,400 | 1 | 1 | 1200 | 3.2 M | ₹87 - ₹92 | 69.31 % | ₹282.7 M - ₹299.0 M | RHP DOC |
Supertech EV IPO SUBSCRIPTION STATUS
27 Jun '25Supertech EV IPO overall subscription rate was 4.23 times the total available shares
Supertech EV IPO retail subscription rate was 6.72 times in the retail segment
Supertech EV IPO non-institutional investor subscription rate was 2.09 times in the non-institutional investor category
Supertech EV IPO Qualified Institutional Bidder subscription rate was 0.95 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 47.51% | 47.47% | 5.02% |
27 Jun 2025 (Day 3) | 6.72x | 2.09x | 0.95x |
26 Jun 2025 (Day 2) | 2.11x | 0.73x | 0.95x |
25 Jun 2025 (Day 1) | 1.61x | 0.62x | - |
Supertech EV FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 6.2 | 75.1 | -5.2 | -6.9 | 12.6% |
| FY24 | 5.0 | 65.0 | -2.6 | -3.5 | 11.4% |
| FY23 | 0.1 | 2.4 | -0.6 | -0.6 | 3.9% |
Supertech EV IPO SUBSCRIPTION STATUS DETAILS
Supertech EV had 3.2 M shares on offer
Supertech EV IPO offer price was in the range ₹87 - ₹92
Supertech EV IPO minimum Investment was ₹104400
Supertech EV IPO issue size was ₹ 282.7 M - ₹ 299.0 M
Supertech EV had a minimum lot size of 1200 Shares per application
Supertech EV NUMBER OF SHARES ON OFFER
Supertech EV IPO IMPORTANT DATES
| Issue Open Date | 25 Jun 2025 |
| Issue close Date | 27 Jun 2025 |
| Allotment Date | 30 Jun 2025 |
| Refund Date | 01 Jul 2025 |
| Demat Account Credit Date | 01 Jul 2025 |
| Listing Date | 02 Jul 2025 |
| Listing on Exchange(s) | BSE |
| Supertech EV Allotment Status | Exchange/ Registrar |
Supertech EV IPO subscription opened on 25 Jun 2025, and closed on 27 Jun 2025
IPO allotment for Supertech EV was finalized on Monday, 30 Jun 2025
IPO listing for Supertech EV was on BSE on Wednesday, 02 Jul 2025
Supertech EV IPO LISTING GAINS
| Issue Price (adjusted) | 92.0 |
| Listing Open Price | 73.6 |
| Listing Close Price | 69.9 |
| Listing Gain% | -20.0% |
| Current Gain% | -60.8% |
Supertech EV Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Supertech EV Ltd. | 36 | 44.5 | 11.3 | -0.3 | 0.6 | 7.8 | 5.5 | 78.2 | 4 | 3.9 | -36.5 | 3.2 | -36.5 |
| Bajaj Auto Ltd. | 10911 | 304960 | 25.9 | 0.5 | 4.3 | 27.7 | 13.9 | 65087.2 | 24 | 10744.2 | 46.7 | 420.7 | 54.9 |
| TVS Motor Company Ltd. | 4135.5 | 196472.3 | 57.3 | 1.3 | 3.3 | 31.6 | 5.3 | 56091.5 | 27 | 3018.3 | 35 | 72.1 | 43.7 |
| Eicher Motors Ltd. | 7155.5 | 196430.6 | 34 | 1.8 | 7.9 | 22 | 17.1 | 24894.1 | 23.4 | 5515.2 | 16.5 | 210.3 | 19.3 |
| Hero MotoCorp Ltd. | 5272.5 | 105524.4 | 19.4 | 2.4 | 2.1 | 26.6 | 17.2 | 48469.4 | 15.5 | 5741.7 | 31.1 | 272.2 | 8.2 |
| Ather Energy Ltd. | 1430 | 56714.3 | -145.5 | -2.8 | 13.4 | -20.1 | -11 | 3823.1 | 65.8 | -517.2 | 36.3 | -9.8 | 51.7 |
Supertech EV annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
219.4% | 78.2 | 75.2 | 65.1 | 2.4 | ||
Operating Exp. Ann. | 214.1% | 71.3 | 65.5 | 57.7 | 2.3 | |
Operating Profit Ann. | 306.2% | 6.7 | 9.6 | 7.4 | 0.1 | |
OPM Ann. % | 28.1% | 8.57% | 12.72% | 11.29% | 4.08% | |
216.5% | 72.9 | 66.9 | 58.5 | 2.3 | ||
EBITDA Ann. | 310.2% | 6.9 | 9.7 | 7.5 | 0.1 | |
EBITDA Ann. margin % | 29.1% | 8.77% | 12.84% | 11.47% | 4.08% | |
Interest Ann. | - | 1 | 0.8 | 0.4 | 0 | |
Depr. | - | 0.6 | 0.5 | 0.4 | ||
PBT Ann. | 275.6% | 5.3 | 8.3 | 6.7 | 0.1 | |
Tax Ann. | - | 1.4 | 2.2 | 1.7 | 0 | |
239.1% | 3.9 | 6.2 | 5 | 0.1 | ||
Net Profit Ann. | 239.1% | 3.9 | 6.2 | 5 | 0.1 | |
NPM Ann. % | 23.6% | 5.04% | 8.24% | 7.72% | 2.67% | |
EPS Adj. latest Ann. | 217.5% | 3.2 | 5 | 4.1 | 0.1 |
Supertech EV INFORMATION ON IPO ISSUE
About Supertech EV
Supertech EV was incorporated on August 12, 2022. The company manufactures electric rickshaws and assembles high- and low-speed electric two-wheelers. It sources key components such as motors, controllers, and axles domestically for e-rickshaws, while the assembly of two-wheelers relies primarily on imported completely knocked-down kits from China
Object of the Issue
- Working capital requirement
- Repayment of portion of certain borrowings availed by the company
- General corporate purposes
Supertech EV - PROMOTERS
| Name |
|---|
| Yetender Sharma |
| Jitender Kumar Sharma |
| Geetanjali Sharma |
Supertech EV Book Running Lead Manager
Corporate Makers Capital Limited
compliance@corporatemakers.in
Supertech EV Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Supertech EV Strengths
Diverse product portfolio
The company offers a wide range of electric vehicles tailored to varied customer needs. As of May 31, 2025, its portfolio includes 12 models—four E-rickshaws and eight E-scooters. These serve both commercial and personal mobility requirements, from goods transport and waste collection to high-performance daily commuting
Focus on quality
The company prioritizes quality across both manufactured and sourced products. With dedicated sourcing and quality assurance teams, it ensures that all vehicles meet stringent performance and reliability standards
Supertech EV Risks
Distributor pricing pressure
The company may face pricing pressure from distributors, which could adversely impact gross margins and overall profitability. If prices are reduced at the distributor's insistence, the company must offset this by cutting operational costs or improving efficiency
Supplier concentration
The company heavily depends on its top 10 suppliers, which accounted for over 51% of total raw material purchases as of March 31, 2025. A loss of any of these key suppliers may disrupt procurement and adversely affect operations and revenue
Capacity underutilization
The company’s financial performance depends on optimal utilization of its manufacturing capacity. Any underutilization—due to low market demand, operational disruptions, or raw material and labor shortages—may reduce efficiency and profitability
IPO FAQs
The promoters of the company are Yetender Sharma, Jitender Kumar Sharma and Geetanjali Sharma.
The category allocation of qualified institutional buyers is 5.0%, the category allocation of non individual investors or high networth individuals is 47.5% and for retail investors it is 47.5%.
The price band of the IPO is Rs 87.0 - 92.0.
The IPO application opens on Jun 25, 2025 and closes on Jun 27, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 104,400.0, the maximum value for this IPO is Rs 110,400.0.
This IPO will be allotted on Jun 30, 2025.
The refund will be credited to your account on Jul 01, 2025.
The allotted shares will be credited to your demat on Jul 01, 2025.
Supertech EV Ltd.’s shares listed on the stock exchanges on Jul 02, 2025.
