Supertech EV IPO to Open on June 25th

Electric mobility player Supertech EV Limited, known for its range of electric two-wheelers (E2Ws) and three-wheelers (E3Ws), is all set to tap the capital markets with its upcoming SME initial public offering (IPO). The company has received approval to list on the BSE SME Platform, with the public issue slated to open on June 25, 2025, and close on June 27, 2025.

IPO Details and Use of Proceeds

Supertech EV IPO comprises a fresh issue of 32,49,600 equity shares, with a face value of ₹10 each, aggregating up to ₹29.90 crore. The price band is fixed at ₹87 to ₹92 per share, with the minimum application lot size of 1,200 shares, translating to a minimum investment of ₹1,10,400 at the upper band.

Proceeds from the issue will be deployed as follows:

• ₹16.50 crore towards working capital requirements
• ₹3 crore for repayment of specific borrowings
• The balance for general corporate purposes and issue-related expenses

The retail investor quota is 47.51%, Non-Institutional Investor (NII) portion is 47.47%, while 5.02% each is reserved for Qualified Institutional Buyers (QIBs) and Market Makers. Corporate Makers Capital Ltd is the book-running lead manager for the issue.

Strong Financial and Operational Performance

For the financial year ended March 31, 2025 (FY24-25), Supertech EV reported:

• Revenue of ₹75.19 crore, up 17.23% YoY
• Net Profit of ₹6.19 crore, up 23.3% YoY
• EBITDA of ₹9.48 crore
• Return Ratios (as on March 31, 2025):
• Return on Equity (ROE): 36.66%
• Return on Capital Employed (ROCE): 47.95%
• Net Worth: ₹16.89 crore
• Total Assets: ₹44.18 crore

Expanding Product Portfolio and Market Presence

Incorporated in 2022, Supertech EV has established itself as a leading name in India’s electric mobility space. Its product portfolio includes 12 models, comprising 8 electric two-wheeler variants and 4 E-Rickshaw models. The company has built a robust distribution network of 445 distributors across 19 Indian states, including Delhi, Haryana, Punjab, Rajasthan, Uttar Pradesh, Gujarat, and Madhya Pradesh. Recently launched models such as Cargo Max, Passenger Max, and Zapster Pro signal the company’s continued innovation in the E2W and E3W segments.

Riding the EV Growth Wave

As India witnesses a rapid transformation in mobility, Supertech EV aims to capitalise on the increasing adoption of EVs. With government subsidies and evolving consumer demand driving momentum, the company positions itself to scale further in line with the country’s sustainability goals.

IPO Snapshot: Supertech EV Ltd

• 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
• Listing Platform: BSE SME

About Supertech EV Limited

Supertech EV Limited is led by Mr. Yetender Sharma, a well-known figure in the private sector with deep expertise in sheet metal and tubular components. Established in 2010, the company is equipped with state-of-the-art machinery to support a complete range of manufacturing from sheet metal parts and welded assemblies to complete chassis and body assembly for electric vehicles. With a robust production capacity of 36,000 sets per year, Supertech EV is built to scale and deliver with precision.

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