Supertech EV SME : Check IPO Date, Live Subscription and Key Details
Supertech EV Limited is an electric vehicle (EV) company focused on manufacturing and assembling electric 2-wheelers (e-scooters) and E-Rickshaws, driving India's shift toward electric mobility. The company's product lineup includes 12 models: 8 electric 2-wheeler variants and 4 E-Rickshaw variants, with popular models like ZAPSTER, PILOT, and LOAD KING, and upcoming launches like CARGO MAX – L5 E-Loader, PASSENGER MAX, and ZAPSTER PRO (pending ICAT certification).
Min Investment
₹110400
Price Range
₹87.00-92.00
Issue Size
₹28.39 Cr
IPO Type
NSE SME
Key Metrics
Check Live GMP
Face Value
₹10
EPS
3.93
P/E Ratio
23.44
RoNW
36.66%
ROE
36.66%
Debt to Equity
0.73
Timeline
IPO Opens
25 Jun
IPO Closes
27 Jun
Allotment
30 Jun
Listing
2 Jul
IPO Objectives
- Working capital requirement.
- Repayment of portion of certain borrowings availed by the Company.
- General corporate purposes.
- Issue Expenses.
Strengths
- Diverse product portfolio with 12 EV models (8 E-scooters and 4 E-rickshaws), catering to various transportation needs and market segments.
- Strong B2B distribution network with 445 distributors across 19 states in India, providing widespread reach and market penetration.
- Flexible and scalable business model combining in-house manufacturing (e.g., E-Rickshaw production and assembly in Haryana) with an agile supply chain that utilizes both imported CKD kits and locally sourced components.
- Experienced leadership team with 19–24 years of domain expertise in the EV industry, manufacturing, sales, and operations.
- ISO 9001:2015 certified quality assurance systems, ensuring adherence to quality standards in manufacturing and assembly.
Weaknesses
- Relatively new company (incorporated in 2022) with a limited operational track record as a publicly listed entity, which may make it difficult for investors to assess long-term performance.
- High reliance on imported CKD kits from China for electric 2-wheelers, exposing the company to supply chain disruptions, geopolitical risks, and currency fluctuations.
- Dependence on a limited number of suppliers for raw materials and components (top 10 suppliers contributed over 50% of purchases in FY25), which could lead to supply shortages or price volatility.
- Intense competition in the rapidly evolving EV sector from both established players and new entrants, which could lead to pricing pressures and impact market share.
- The success of the company depends on its ability to successfully develop, introduce, manufacture, market, and deliver new EV models of high quality on schedule and on a large scale, which may expose it to increased challenges and risks.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 44.19 | 24.8 | 4.81 |
| Revenue (₹ Cr.) | 75.19 | 65.14 | 2.38 |
| PAT (₹ Cr.) | 6.19 | 5.02 | 0.06 |
| Net Worth (₹ Cr.) | 16.9 | 9.7 | 1.07 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 1.01x | 1.01x |
| NII | 0.66x | 0.65x | 2.09x |
| RII | 1.69x | 2.22x | 6.96x |
| Total | 1.12x | 1.42x | 4.35x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 1,54,000 | 1,54,800 | 1.42 |
| NII | 14,65,200 | 30,68,400 | 28.23 |
| RII | 14,66,400 | 1,02,00,000 | 93.84 |
| Total | 30,85,600 | 1,34,23,200 | 123.49 |
Company Details
- Plot No. 150, Sector-16, Phase-I, Bahadurgarh, Jhajjar, Haryana-124507, India
- +91-1276-462166
- compliances@supertechev.in
- http://www.supertechev.in/
Registrar Details
- Skyline Financial Services Private Ltd
- 02228511022
- ipo@skylinerta.com
- https://www.skylinerta.com/ipo.php