Supertech EV IPO Sees Strong Retail Response on Day 1; Subscribed 1.06 Times

Faridabad, Haryana | June 25, 2025 – The Supertech EV IPO opened to a strong start on June 25, with robust participation from retail investors. As per data available till 5:00 PM, the IPO has been subscribed 1.06 times overall, led by significant demand in the Retail Individual Investors (RII) category.

Day 1 Subscription Highlights

• Total Issue Size: 32,49,600 equity shares
• Total Shares Bid For: 34,51,200
• Overall Subscription: 1.06 times

Category-wise Bidding Status:

• Retail Individual Investors (RIIs):
  • Shares Reserved: 14,66,400
  • Applications Received: 2,076
  • Shares Bid: 24,90,000
  • Subscription: 1.70 times
  • Notably, 1,604 applications were at the cut-off price, amounting to 19,24,800 shares.
• Non-Institutional Investors (NIIs):
  • Shares Reserved: 16,28,400
  • Applications Received: 76
  • Shares Bid: 9,61,200
  • Subscription: 0.59 times
• Qualified Institutional Buyers (QIBs):
  • Shares Reserved: 1,54,800
  • No bids received as of the Day 1 update.

Price-Wise Demand Snapshot (as of 5:00 PM)

• At ₹87: 34,51,200 shares
• At ₹90: 28,30,800 shares
• At ₹92 (Upper Band): 28,27,200 shares
• At Cut-Off: 19,24,800 shares

The cut-off bids dominate the retail demand, highlighting investor confidence in the company’s valuation even at the upper price band.

IPO Details at a Glance

• IPO Opening Date: June 25, 2025
• IPO Closing Date: June 27, 2025
• Issue Size: ₹29.90 crore (32.49 lakh shares)
• Price Band: ₹87 – ₹92 per share
• Lot Size: 1,200 shares
• Minimum Investment: ₹1,10,400 (at upper band)
• Listing Platform: BSE SME

Company Profile

Supertech EV, incorporated in 2022, is a key player in India’s electric vehicle segment, offering 12 EV models and operating through a vast distributor network across 19 states. With strong FY25 financials and healthy return ratios, the company aims to fund working capital needs, repay debt, and support general corporate purposes through the IPO proceeds.

The IPO remains open for subscription till June 27, 2025.

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