Supertech EV Limited (BSE SME)
June 25, 2025 – June 27, 2025
| Price | ₹87 - ₹92 |
| Premium | ₹0.5 |
|---|---|
| Lot size | 1200 |
| Allotment | Jun 30, 2025 |
| Listing | Jul 2, 2025 |
Subscription
Last updated on 27-Jun-2025 17:16:05
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 154800 | 154800 | 1 |
| HNIs | 1465200 | 3068400 | 2.09 |
| Retail | 1466400 | 10370400 | 7.07 |
| Total | 3086400 | 13593600 | 4.4 |
| Total Applications: 13545 | |||
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.1 | @8% ₹0.1 | @9% ₹0.2 | @10% ₹0.2 | @11% ₹0.2 | @12% ₹0.2 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.3 | @8% ₹0.3 | @9% ₹0.3 | @10% ₹0.4 | @11% ₹0.4 | @12% ₹0.4 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail (10000 to 2 lakh) | 1 | 1200 | 110400 | 1222 |
Supertech EV IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| RETAIL | 45.13% | 14,66,400 |
| HNI | 45.09% | 14,65,200 |
| QIB | 4.69% | 1,54,800 |
| MARKET MAKER | 5.02% | 1,63,200 |
| Total | 100.00% | 32,49,600 |
Supertech EV IPO Details
| Issue Size | 32,49,600 shares(aggregating up to 29.90 Cr) |
| Fresh Issue | 32,49,600 shares(aggregating up to 29.90 Cr) |
| 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 |
| Reserved for Market Maker | 1,63,200 shares |
| Market Maker | Asnani Stock Broker Private Limited |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 36.66% | 51.77% | 5.94% |
| ROCE | 47.95% | 71.79% | 8.55% |
| EPS (Diluted) | 6.82 | 12.33 | 0.32 |
| P/E Pre IPO | 17.28 | ||
| P/E Post IPO | 23.44 |
Company Financials in crore
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 44.19 | 24.8 | 4.81 |
| Revenue | 75.19 | 65.14 | 2.38 |
| Profit After Tax | 6.19 | 5.02 | 0.06 |
| EBITDA | 9.48 | 7.39 | 0.09 |
| Net Worth | 16.9 | 9.7 | 1.07 |
| Reserves and Surplus | 7.79 | 5.19 | 0.07 |
| Total Borrowing | 12.27 | 5.52 |
About company
Established in 2022, Supertech EV Limited is an Indian manufacturer of electric vehicles (EVs), offering a diverse range of eco-friendly mobility solutions. The company’s product lineup includes 12 models, consisting of 8 electric two-wheeler variants and 4 E-Rickshaw variants, tailored to meet both personal and commercial transportation needs.
Market Presence: Supertech EV has built an extensive distribution network of 445 dealers, spanning 19 states across India. These include major markets such as Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Jharkhand, Bihar, Maharashtra, Chhattisgarh, Odisha, Telangana, Karnataka, Andhra Pradesh, and Assam—enabling a strong pan-India presence.
Key Products:
- CARGO MAX – L5 E-Loader
- PASSENGER MAX – E-Rickshaw
- ZAPSTER PRO – Electric Two-Wheeler
Workforce: As of June 30, 2024, the company employs a dedicated team of 115 professionals, supporting manufacturing, operations, and distribution.
Strength
Diverse and Innovative Product Portfolio: Supertech EV offers a wide range of electric vehicles, including 8 e-scooter variants and 4 e-rickshaw models, catering to both commercial and personal transportation needs. Their focus on design, performance, and eco-efficiency positions them strongly in the evolving EV market.
Extensive Nationwide Distribution Network: With 445 distributors across 19 states, the company has built a robust distribution ecosystem, enabling strong market penetration, consistent sales growth, and reliable delivery of its products to a broad customer base.
Flexible and Scalable Business Model: The company follows a hybrid manufacturing model—producing core components in-house while outsourcing select parts to trusted partners. This, combined with an efficient supply chain, ensures product quality, cost optimization, and responsiveness to market demand.
Weakness
Challenges in Scaling EV Production: The company’s growth depends on its ability to design, manufacture, and launch high-quality EV models on time and at scale. Delays or failures in this process could impact market competitiveness and customer trust.
Regulatory and Licensing Risks: The business requires ongoing approvals and permits from various regulatory authorities. Failure to obtain, renew, or maintain these approvals could disrupt operations and affect financial performance.
Unregistered Trademark Risk: The company’s logo is currently not registered, exposing it to potential brand misuse or infringement. Lack of trademark protection may weaken brand identity and pose legal risks.
Lead Manager(s)
Address
Supertech EV Limited
Plot No. 150, Sector- 16,
PhaseI,
Bahadur Garh,
Jhajjar, Haryana, 124507
Phone: +91-1276-462166
Email: compliances@supertechev.in
Website: http://www.supertechev.in/