Supertech EV Ltd. logo

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 InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹104,4001112003.2 M₹87 - ₹9269.31 %₹282.7 M - ₹299.0 MRHP DOC

Supertech EV IPO SUBSCRIPTION STATUS

27 Jun '25
Total4.23x
Retail Individual Investor6.72x
HNI (NII) Investors2.09x
Qualified Institutional Buyers0.95x

Supertech 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

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation47.51%47.47%5.02%
27 Jun 2025
(Day 3)
6.72x2.09x0.95x
26 Jun 2025
(Day 2)
2.11x0.73x0.95x
25 Jun 2025
(Day 1)
1.61x0.62x-

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

Total3.2 M
Fresh Issue3.2 M
Offer for Sale0
Post Issue Promoter Holding %69.31 %

Supertech EV IPO IMPORTANT DATES

Issue Open Date25 Jun 2025
Issue close Date27 Jun 2025
Allotment Date30 Jun 2025
Refund Date01 Jul 2025
Demat Account Credit Date01 Jul 2025
Listing Date02 Jul 2025
Listing on Exchange(s)BSE
Supertech EV Allotment StatusExchange/ 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 Price73.6
Listing Close Price69.9
Listing Gain%-20.0%
Current Gain%-60.8%

Supertech EV Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Supertech EV Ltd.3644.511.3-0.30.67.85.578.243.9-36.53.2-36.5
Bajaj Auto Ltd.1091130496025.90.54.327.713.965087.22410744.246.7420.754.9
TVS Motor Company Ltd.4135.5196472.357.31.33.331.65.356091.5273018.33572.143.7
Eicher Motors Ltd.7155.5196430.6341.87.92217.124894.123.45515.216.5210.319.3
Hero MotoCorp Ltd.5272.5105524.419.42.42.126.617.248469.415.55741.731.1272.28.2
Ather Energy Ltd.143056714.3-145.5-2.813.4-20.1-113823.165.8-517.236.3-9.851.7

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

Strength

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

Strength

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

Risk

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

Risk

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

Risk

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.