Bookbuilding IPO | ₹30 Cr | Listed at BSE SME | Wed, Jun 25, 2025 - Fri, Jun 27, 2025
Supertech EV IPO is a book build issue of ₹29.90 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹29.90 crore.
Supertech EV IPO bidding started from Jun 25, 2025 and ended on Jun 27, 2025. The allotment for Supertech EV IPO was finalized on Jun 30, 2025. The shares got listed on BSE SME on Jul 2, 2025.
Supertech EV IPO price band is set at ₹92 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,10,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,20,800.
Corporate Makers Capital Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd..
Refer to Supertech EV IPO RHP for detailed Information.
IPO Open
Wed, Jun 25, 2025
IPO Close
Fri, Jun 27, 2025
Issue Price
₹92 per share
Market Cap (Pre-IPO)
₹113.70 Cr
| IPO Date | 25 to 27 Jun, 2025 |
| Listed on | Wed, Jul 2, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹87 to ₹92 |
| Issue Price | ₹92 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 32,49,600 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 1,63,200 shares Asnani Stock Broker Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 30,86,400 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 30,86,400 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 91,09,088 shares |
| Share Holding Post Issue | 1,23,58,688 shares |
| BSE Script Code | 544428 |
| ISIN | INE0SC101013 |
Supertech EV IPO comprises a total issue size of 32,49,600 shares. The net offer to the public is 30,86,400 shares, after excluding 1,63,200 shares allotted on a firm basis. Of the Net offer 1,54,800 (5.02%) are allocated to QIB, 14,65,200 (47.47%) allocated to NII 14,66,400 (47.51%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 1,54,800 | 5.02% | 4.76% |
| NII (HNI) Shares Offered | 14,65,200 | 47.47% | 45.09% |
| Retail Shares Offered | 14,66,400 | 47.51% | 45.13% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,63,200 | 5.02% | |
| Total Shares Offered | 32,49,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,10,400 |
| Retail (Max) | 1 | 1,200 | ₹1,10,400 |
| HNI (Min) | 2 | 2,400 | ₹2,20,800 |
Incorporated in 2022, Supertech EV Limited is engaged in the manufacturing of electric vehicles (EVs) in India. The company’s product portfolio includes 12 models, comprising 8 variants of electric two-wheelers and 4 variants of E-Rickshaws.
Supertech EV Limited has built a distribution network of 445 distributors and has a presence across 19 states in India, including Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Jharkhand, Bihar, Maharashtra, Chhattisgarh, Odisha, Telangana, Karnataka, Andhra Pradesh, and Assam.
Products:
As of June 30, 2024, the company employs 115 people.
The company’s top distributors include Gk Autovehicles Private Limited, Aziz Automobiles, Najon Digitel, Hindustan Energysavers, Kisan Auto Mobiles, Bhupender Hari Enterprises, Supertech Auto Agency (Nangloi), Krisha Electric Vehicle, E Ashwa Automotive Pvt Ltd, EVS Tritech India, EV World Motors, Green Wheels Auto, and Electra E-Mobility.
The company’s top creditors include Akash Indchi Imports & Export Co., Fengxian Enland Internation Trading Co. Ltd, Supertech Auto Agency, Yuki Electric India Private Limited, Om Steels, A. S. T. Pipes Pvt. Ltd, Eastman Auto & Power Ltd, Emercion Industries LLP, B.H. Enterprises, EVS Tritech India, Laxmi Components, Powerlink Battery Systems, and New Era Trading Co.
Supertech EV Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 23% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 44.19 | 24.80 | 4.81 |
| Total Income | 75.19 | 65.14 | 2.38 |
| Profit After Tax | 6.19 | 5.02 | 0.06 |
| EBITDA | 9.48 | 7.39 | 0.09 |
| NET Worth | 16.90 | 9.70 | 1.07 |
| Reserves and Surplus | 7.79 | 5.19 | 0.07 |
| Total Borrowing | 12.27 | 5.52 | |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirement. | 16.50 |
| 2 | Repayment of portion of certain borrowings availed by the Company. | 3.00 |
| 3 | General corporate purposes. | 6.84 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 36.66% |
| ROCE | 30.86% |
| Debt/Equity | 0.73 |
| RoNW | 36.66% |
| PAT Margin | 8.25% |
| EBITDA Margin | 12.62% |
| Price to Book Value | 4.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.80 | 5.01 |
| P/E (x) | 13.53 | 18.36 |
| Promoter Holding | 94.04% | 69.31% |
| Market Cap | ₹113.70 Cr. |
The Supertech EV IPO is subscribed 4.40 times on June 27, 2025 5:05:08 PM (Day 3). The public issue subscribed 7.06 times in the retail category, 1.01 times in the QIB category, and 2.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 1.01 | 1,54,000 | 1,54,800 | 0 |
| NII* | 2.09 | 14,65,200 | 30,68,400 | 0 |
| Retail | 7.06 | 14,66,400 | 1,03,59,600 | 0 |
| Total | 4.40 | 30,85,600 | 1,35,82,800 | 13,500 |
Total Application : 13,500
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees, Fees Payable to Registrar to the Issue, Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.42 |
| 2 | Underwriting Commission, Brokerage and selling commission | 3.00 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.05 |
| 5 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹92.00 |
| Open | ₹73.60 |
| Low | ₹69.92 |
| High | ₹73.60 |
| Last Trade | ₹69.92 |
Lead Manager Reports
Supertech EV IPO is a SME IPO of 32,49,600 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹92 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Jun 25, 2025, and closes on Fri, Jun 27, 2025.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Supertech EV IPO using UPI as a payment gateway. Zerodha customers can apply in Supertech EV IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Supertech EV IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Supertech EV IPO opens on Wed, Jun 25, 2025 and closes on Fri, Jun 27, 2025.
Supertech EV IPO lot size is 1200, and the minimum amount required for application is ₹1,10,400.
You can apply in Supertech EV IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Supertech EV IPO will be done on Monday, June 30, 2025, and the allotted shares will be credited to your demat account by Tue, Jul 1, 2025. Check the Supertech EV IPO allotment status.
The Supertech EV IPO listing date is on Wed, Jul 2, 2025.
