Supertech EV SME IPO
ListedNSE SMEOpens 25 June 2025Closes 27 June 2025
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…
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).
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Key ratios
As per RHP / filingsTimeline
IPO Opens
25 Jun 2025
IPO Closes
27 Jun 2025
Allotment
30 Jun 2025
Listing
2 Jul 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 25 June 2025 |
| IPO Close Date | 27 June 2025 |
| Allotment Date | 30 June 2025 |
| Listing Date | 2 July 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,20,800 |
SHNI (Min) | 3 | ₹3,31,200 |
SHNI (Max) | 9 | ₹9,93,600 |
BHNIAbove ₹10,00,000 | 10 | ₹11,04,000 |
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
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 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
- Supertech EV Limited
- 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
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Sources
We match Supertech EV SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Skyline Financial Services Private LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.