Supertech EV IPO

Supertech EV Limited, incorporated in 2022, is an Indian electric vehicle (EV) manufacturer offering 12 models, including 8 electric two-wheeler variants and 4 E-Rickshaw variants. The company has established a strong distribution network of 445 distributors across 19 Indian states, including Delhi, Punjab, Rajasthan, Maharashtra, and Karnataka. As of June 30, 2024, it employs 115 people. Key products include Cargo Max – L5 E-Loader, Passenger Max, and Zapster Pro. Notable distributors and creditors include GkAutovehicles, E Ashwa Automotive, Yuki Electric, and Eastman Auto & Power.

Supertech EV Limited IPO Overview

Supertech EV IPO is a book-built issue worth ₹29.90 crores, comprising a fresh issue of 32.50 lakh shares. The IPO opens for subscription on June 25, 2025, and closes on June 27, 2025. The allotment is expected to be finalised on June 30, 2025, with a tentative listing date on the BSE SME scheduled for July 2, 2025. The price band is fixed between ₹87 and ₹92 per share. Retail investors need to invest a minimum of ₹1,04,400 for one lot (1,200 shares), while HNIs must invest in at least two lots (2,400 shares), amounting to ₹2,20,800. Investors are advised to bid at the cutoff price, which totals approximately ₹1,10,400, to avoid missing out due to oversubscription. Corporate Makers Capital Ltd. is the book-running lead manager, Skyline Financial Services Private Ltd is the registrar, and Asnani Stock Broker Private Limited is the market maker for the issue.

Supertech EV Limited IPO Details

Particulars	Details
IPO Date	25 June 2025 to 27 June 2025
Listing Date	2 July 2025
Face Value	₹10 per share
Issue Price Band	₹87 to ₹92 per share
Lot Size	1200 Shares
Total Issue Size	32,49,600 shares (aggregating up to ₹29.90 Cr)
Fresh Issue	32,49,600 shares (aggregating up to ₹29.90 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	91,09,088 shares
Share Holding Post Issue	1,23,58,688 shares
Market Maker Portion	1,63,200 shares

Supertech EV Limited IPO Reservation

Investor Category	Shares Offered
Market Maker	1,63,200 (5.28%)
QIB	1,54,800 (5.00%)
NII (HNI)	14,65,200 (47.36%)
Retail	14,65,200 (47.36%)

Supertech EV Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹1,10,400
Retail (Max)	1	1200	₹1,10,400
HNI (Min)	2	2400	₹2,20,800

Supertech EV Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	94.04%
Post-Issue	69.31%

Supertech EV Limited IPO Valuation Overview

KPI	Value
EPS (Pre)	5.33
EPS (Post)	3.93
P/E (Pre)	17.28
P/E (Post)	23.44
ROE	36.66%
ROCE	30.86%
RoNW	36.66%
PAT Margin	8.25%
EBITDA Margin	12.62%
Debt to Equity Ratio	0.73

Objectives of the Proceeds

• Working capital requirement: ₹16.50 Cr

• Repayment of certain borrowings: ₹3.00 Cr

• General corporate purposes

• Issue-related expenses

Key Financials (in ₹ Crores)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	44.19	24.80	4.81
Revenue	75.19	65.14	2.38
Profit After Tax	6.19	5.02	0.06
Reserves and Surplus	7.79	5.19	0.07
Total Borrowings	12.27	5.52	–