Supertech EV IPO Allotment Status

resr 5paisa Research Team

Last Updated: 30th June 2025 - 01:49 pm

3 min read

How to Check Supertech EV IPO Allotment Status?

Supertech EV Limited, incorporated in 2022, is engaged in the manufacturing of electric vehicles (EVs) in India with a product portfolio comprising 12 models including 8 variants of electric two-wheelers and 4 variants of E-Rickshaws, operating through a distribution network of 445 distributors with presence across 19 states in India including Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Jharkhand, Bihar, Maharashtra, Chhattisgarh, Odisha, Telangana, Karnataka, Andhra Pradesh, and Assam, employing 115 people as of June 30, 2024, with key products including CARGO MAX – L5 E-Loader, PASSENGER MAX, and ZAPSTER PRO.

The Supertech EV IPO comes with a total issue size of ₹29.90 crore, comprising entirely a fresh issue of 32.50 lakh shares. The IPO opened on June 25, 2025, and closed on June 27, 2025. The allotment date for the Supertech EV IPO is expected to be finalised on Monday, June 30, 2025. The Supertech EV share price is set at ₹87-₹92 per share.

Steps to Check Supertech EV IPO Allotment Status on Registrar Site

  • Visit the Skyline Financial Services Private Ltd website
  • Select "Supertech EV IPO" from the dropdown menu on the allotment status page
  • Enter your PAN ID, Demat Account Number, or Application Number in the designated field
  • Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Supertech EV IPO Allotment Status on BSE SME

  • Navigate to the BSE SME IPO Allotment Status Page
  • Choose "Aakaar Medical Technologies IPO" from the list of active IPOs in the dropdown menu
  • Input your Application Number and PAN ID in the required fields
  • Verify the captcha and click "Search" to check your allotment status

Supertech EV IPO Subscription Status

Supertech EV IPO received good investor interest, being subscribed 4.40 times overall. The subscription showed mixed confidence across different categories in the Supertech EV stock price potential. Here is a category-wise breakdown of the subscription as of 5:05:08 PM on June 27, 2025:

  • Retail Category: 7.06 times 
  • Qualified Institutional Buyers (QIB): 1.01 times 
  • Non-Institutional Investors (NII): 2.09 times 
Date QIB NII  Retail Total
Day 1 (June 20) 0.00 0.66 1.69 1.12
Day 2 (June 23) 1.01 0.65 2.22 1.42
Day 3 (June 24) 1.01 2.09 7.06 4.40

Supertech EV Share Price and Investment Details

The Supertech EV stock price is set at ₹87-₹92 per share with a minimum lot size of 1,200 shares. The minimum investment required for retail investors is ₹1,10,400 (1 lot only), while HNI investors need to invest a minimum of ₹2,20,800 for 2 lots. Given the good subscription response of 4.40 times overall, particularly the strong retail response of 7.06 times, but just covered QIB response of 1.01 times, the Supertech EV share price is expected to list at a modest premium.
 

Utilisation of IPO Proceeds
 

The funds raised through the IPO will be utilised as follows:

  • Working Capital Requirement: ₹16.50 crore
  • Repayment of Borrowings: Partial repayment of certain borrowings (₹3.00 crore)
  • General Corporate Purposes: Supporting various business initiatives
  • Issue Expenses: IPO-related costs

Business Overview

The company is engaged in the manufacturing/assembling of three-wheeler EVs with a network of 445 distributors in 19 states, having introduced 12 models for EV 2-wheelers and E-Rickshaw operating in the electric vehicle manufacturing sector. Supertech EV operates primarily in the electric vehicle manufacturing industry, specialising in electric two-wheelers and E-Rickshaws through its comprehensive product portfolio, including CARGO MAX – L5 E-Loader, PASSENGER MAX, and ZAPSTER PRO, with an established presence across 19 states in India through an extensive distributor network. The company manufactures electric vehicles with competitive strengths including wide distribution network across multiple states, diverse product portfolio covering different segments of electric vehicles, established presence in the growing EV market, and strategic positioning in the electric mobility sector, serving customers across various market segments through established operational capabilities and distribution partnerships driving growth across geographic markets in India with focus on electric vehicle adoption and sustainable transportation solutions in the rapidly growing EV industry, currently focusing on working capital requirements and debt repayment to support business expansion and operational efficiency in the competitive electric vehicle manufacturing market.

 

 

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