Supertech EV IPO - Day 3 Subscription at 4.40 Times

Supertech EV's initial public offering (IPO) has demonstrated strong investor demand through its third and final day of subscription, with Supertech EV's stock price set at ₹87-92 per share and Supertech EV's share price reflecting positive market reception. The ₹29.90 crore IPO has witnessed substantial progress, with subscription rates opening at 1.12 times on day one, improving to 1.42 times on day two, and surging to 4.40 times by 5:05:08 PM on day three, indicating strong investor interest in this electric vehicle manufacturing company incorporated in 2022.

Supertech EV IPO retail investors segment leads with impressive 7.06 times subscription, whilst non-institutional investors demonstrate solid participation at 2.09 times and qualified institutional buyers show steady interest at 1.01 times, reflecting positive investor confidence in this company with diversified electric vehicles.

Supertech EV IPO subscription reached a strong 4.40 times on day three, led by Retail (7.06x), NII (2.09x), and QIB (1.01x). Total applications reached 13,500.

Subscription Status of Supertech EV IPO:

Here are the subscription details for Supertech EV IPO as of Day 3 (June 27, 2025, 5:05:08 PM):

Key Highlights - Day 3: 

• Overall subscription reaching a strong 4.40 times, a substantial surge from day two's 1.42 times
• Retail segment leading with impressive demand at 7.06 times, a significant increase from day two's 2.22 times
• NII segment demonstrating solid participation at 2.09 times, a notable jump from day two's 0.65 times
• QIB segment maintaining steady interest at 1.01 times, unchanged from day two
• The final day witnessed strong retail participation, driving overall subscription performance
• Total applications reached 13,500, indicating focused investor participation for this SME IPO
• The cumulative bid amount reached ₹124.96 crores against the issue size of ₹29.90 crores

Supertech EV IPO - Day 2 Subscription at 1.42 Times

Key Highlights - Day 2:

• Overall subscription improving to 1.42 times from day one's 1.12 times
• Retail segment showing strong growth at 2.22 times, building from day one's 1.69 times
• QIB segment reaching full subscription at 1.01 times, dramatically increasing from day one's 0.00 times
• NII segment showing slight decline to 0.65 times, down from day one's 0.66 times
• Day two demonstrated improving retail confidence and institutional participation

Supertech EV IPO - Day 1 Subscription at 1.12 Times

Key Highlights - Day 1:

• Overall subscription opening positively at 1.12 times, showing encouraging initial investor interest
• Retail segment leading early participation at 1.69 times, indicating strong individual investor confidence
• NII segment demonstrating moderate early interest at 0.66 times, reflecting cautious high-net-worth participation
• QIB segment showing no participation at 0.00 times, indicating reserved institutional sentiment
• Opening day demonstrated positive retail engagement with measured institutional response

About Supertech EV IPO

Incorporated in 2022, Supertech EV Limited is engaged in the manufacturing of electric vehicles (EVs) in India. The company's product portfolio includes 12 models, comprising 8 variants of electric two-wheelers and 4 variants of E-Rickshaws, including CARGO MAX – L5 E-Loader, PASSENGER MAX, and ZAPSTER PRO. The company has built an extensive distribution network of 445 distributors and maintains 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. As of June 30, 2024, the company employs 115 people and operates with established relationships with key distributors and creditors across the electric vehicle ecosystem.

Financial performance shows strong growth trends with revenue increasing 15% from ₹65.14 crores in FY2024 to ₹75.19 crores in FY2025, whilst profit after tax rose 23% from ₹5.02 crores to ₹6.19 crores during the same period. The company maintains impressive profitability metrics with 36.66% ROE, 30.86% ROCE, 8.25% PAT margin, 12.62% EBITDA margin, operates with a moderate debt-to-equity ratio of 0.73, and has a market capitalisation of ₹113.70 crores.