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Supertech EV IPO

  • Status: Closed
  • RHP:
  • ₹ 104,400 / 1200 shares

    Minimum Investment

Supertech EV IPO Details

  • Open Date

    25 Jun 2025

  • Close Date

    27 Jun 2025

  • Listing Date

    02 Jul 2025

  • IPO Price Range

    ₹ 87 to ₹92

  • IPO Size

    ₹ 28.39 Cr

  • Listing Exchange

    BSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

Supertech EV IPO Timeline

Supertech EV IPO Subscription Status

Last Updated: 29 September 2025 4:13 PM by 5paisa

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. Supertech EV Limited has built a distribution network of 445 distributors across 19 states, including Delhi, Haryana, Punjab, Maharashtra, Karnataka, Assam, and others. As of June 30, 2024, the company employs 115 people. The promoters are Mr. Yetender Sharma, Mr. Jitender Kumar Sharma, and Ms. Geetanjali Sharma.

Established in: 2022
Managing Director:  Yetender Sharma

Peers:

Delta Autocorp Limited
 

Supertech EV Objectives

The company plans to utilise the net IPO proceeds towards:

Working capital requirements, 
Repayment of borrowings, 
General corporate purposes, 
Issue expenses.
 

Supertech EV IPO Size

Types Size
Total IPO Size ₹28.39 Cr
Offer For Sale -
Fresh Issue ₹28.39 Cr

 

Supertech EV IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 ₹1,04,400
Retail (Max) 1 1200 ₹1,04,400
HNI (Min) 2 2400 ₹2,08,800

Supertech EV IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 1.01 1,54,000 1,54,800 1.424    
NII (HNI) 2.09 14,65,200 30,68,400     28.229
Retail 7.06 14,66,400 1,03,59,600 95.308
Total** 4.40 30,85,600 1,35,82,800 124.962

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 2.38 65.14 75.19
EBITDA 0.09 7.39 9.48
PAT 0.06 5.02 6.19
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets - 5.52 0.00
Share Capital 1.00 4.51 9.11
Total Borrowings 4.81 24.80 44.19
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities -0.57 -2.56 -5.22
Net Cash Generated From / (used in) investing activities -0.01 -0.90 1.64
Net Cash Generated From / (used in) financing activities 0.99 3.37 6.91
Net Increase (Decrease) In Cash And Cash Equivalents 0.41 -0.09 0.05


Strengths

1. Diverse product portfolio with 12 EV models.
2. Established distribution network across 19 states.
3. Experienced promoter team with industry knowledge.
4. Presence in the emerging EV market with growth potential.
 

Weaknesses

1. Relatively small scale and limited operational history (since 2022).
2. Negative operating cash flows as of FY25 indicate working capital pressure.
3. Dependence on borrowings has nearly doubled from FY24 to FY25.
4. Regulatory Development Compliance.
 

Opportunities

1. Growing adoption of electric vehicles across India.
2. Increasing government support for EVs through incentives and infrastructure.
3. Expansion potential into new markets and product lines.
4. Rising environmental awareness is boosting EV demand.

Threats

1. Intense competition from established EV manufacturers.
2. Technological advancements require constant innovation.
3. Supply chain disruptions are impacting production.
4. Regulatory and policy changes affecting EV incentives.
 

1. Early entrant in India’s emerging EV manufacturing sector.
2. Wide product range addressing diverse market segments.
3. Consistent revenue and profit growth with improving net worth.
4. Strategic use of IPO funds for working capital and debt reduction.
5. Robust distribution network and presence across key states.

1. India's electric vehicle market is growing rapidly due to government support and environmental focus.
2. Rising fuel prices are accelerating EV adoption across the passenger and commercial segments.
3. Significant investment opportunities are emerging in the EV sector.
4. BSE SME platform listing enables retail and institutional participation in this growth story.
 

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FAQs

Supertech EV IPO opens on June 25, 2025, and closes on June 27, 2025.
 

Supertech EV IPO size is ₹28.39 Cr through a fresh issue of 30.86 lakh shares.
 

Supertech EV IPO price band is ₹87 to ₹92 per share.
 

To apply for Supertech EV IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section
  • Enter the number of lots and the price at which you wish to apply for the Supertech EV IPO
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

You will receive the mandate notification to block funds in your UPI app.
 

The minimum lot size is 1,200 shares, with a minimum retail investment of ₹1,04,400.
 

The allotment date of Supertech EV IPO is expected on June 30, 2025.
 

The tentative listing date of Supertech EV IPO is July 2, 2025, on BSE SME.
 

 Corporate Makers Capital Ltd. is the book-running lead manager of Supertech EV IPO.

Supertech EV plans to utilise the IPO proceeds towards: 

  • Working capital requirements, 
  • Repayment of borrowings, 
  • General corporate purposes, 
  • Issue expenses.