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

Supertech EV Limited IPO Reservation

Supertech EV Limited IPO Lot Size

Supertech EV Limited IPO Promoter Holding

Supertech EV Limited IPO Valuation Overview

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)