Supertech EV IPO
Supertech EV IPO(SEVL)
Overview
Supertech EV IPO is a bookbuilding of ₹29.90 crores. The issue is entirely a fresh issue of 32.50 lakh shares. Supertech EV IPO bidding started from June 25, 2025 and ended on June 27, 2025. The allotment for Supertech EV IPO was finalized on Monday, June 30, 2025. The shares got listed on BSE SME on July 2, 2025. Supertech EV IPO price band is set at ₹92 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,04,400 (1,200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,20,800. Corporate Makers Capital Ltd. is the book-running lead manager of the Supertech EV IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Supertech EV IPO is Asnani Stock Broker Private Limited.
Total Shares
32,49,600
Issue Size
₹29.90 Cr
Price Band
₹92 – ₹92
Lot Size
1200 shares
Min. Investment
₹1,10,400
Max. Investment
₹1,10,400
Open Date
25 Jun, 2025
Close Date
27 Jun, 2025
Allotment
30 Jun, 2025
Listing
02 Jul, 2025
Max. Investment
₹1,10,400
Announced
25 Jun, 2025
Opening Date
25 Jun, 2025
Closing Date
27 Jun, 2025
Basis of Allotment
30 Jun, 2025
Initiation of Refunds
01 Jul, 2025
Credit of Shares
01 Jul, 2025
Listing Date
02 Jul, 2025
Live GMP
Est. Listing: ₹93
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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.
Supertech EV Limited has built a distribution network of 445 distributors and has a presence across 19 states in India, including Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Jharkhand, Bi
Supertech EV IPO Share Price
Issue Breakdown
Shareholding
Dilution: 35.7% increase in shares
Supertech EV IPO Promoters Holding
Supertech EV IPO Financial Health
Supertech EV Limited's revenue increased by 15% and profit after tax (PAT) rose by 23% between the financial year ending with March 31, 2025 and March 31, 2024.
Supertech EV IPO Lot Size
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,10,400 |
| Retail (Max) | 1 | 1200 | ₹1,10,400 |
| HNI (Min) | 2 | 2400 | ₹2,20,800 |
(All values in CR)
Supertech EV IPO Valuations
The market capitalization of Supertech EV IPO is ₹113.70 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 36.66 |
| ROCE | 30.86 |
| Debt/Equity | 0.73 |
| RoNW | 36.66 |
| PAT Margin | 8.25 |
| EBITDA Margin | 12.62 |
| Price to Book Value | 4.36 |
(All values in CR)
Supertech EV IPO Strength & Risk
Supertech EV IPO Strength:
Diverse EV portfolio: Offers 12 variants, including 8 e‑two‑wheelers and 4 e‑rickshaw models, catering to personal and commercial mobility needs.
Nationwide distribution reach: Operates via a network of 445 distributors across 19 Indian states, enabling extensive market penetration.
Robust growth in scale: Revenue surged from ₹2.38 Cr FY23 → ₹75.19 Cr FY25; PAT rose from ₹0.06 Cr → ₹6.19 Cr in same period.
Efficient financial metrics: FY25 ROE 36.7%, ROCE 30.9%, EBITDA margin 12.6%, PAT margin 8.3%, Debt‑to‑Equity 0.73×.
Asset expansion: Total assets grew substantially from ₹4.81 Cr to ₹44.19 Cr between FY23–FY25.
Lean assembly + agile model: Combines in-house e-rickshaw assembly in Haryana with outsourced CKD kits for scooters—providing cost flexibility and faster rollout.
Supertech EV IPO Risk:
Limited operational history: Incorporated in 2022, with small-scale track record and limited predictability of long-term performance.
Negative operating cash flow: FY25 operating cash flows remained negative (~₹‑5.22 Cr), indicating working capital stress.
High reliance on CKD imports & suppliers: Significant dependence on third-party suppliers and imported kits, lacking firm supply commitments; top 10 suppliers account for >50% of purchases.
Pricing pressure & margin risks: Distributors may exert downward pricing pressure, which could compress gross margins if inefficiencies persist.
Regulatory & branding vulnerabilities: Business depends on statutory permits; unregistered logo introduces risk of infringement and weak brand protection.
Competitive landscape and industry risk: EV sector rapidly evolving; faces stiff competition from established players like TVS, Ola, Ather, Bajaj, and legacy automakers.
Market skepticism reflected in listing performance: IPO listed ~20% below issue price on BSE SME, reflecting cautious investor sentiment and concerns about sustainability.
Supertech EV IPO Subscriptions Status
Supertech EV IPO subscribed 4.40 times. The public issue subscribed 7.06 times in the retail category, 1.01 times in QIB, and 2.09 times in the NII category by June 27, 2025 5:05:08 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 1,63,200 | 1,63,200 | 1.501 |
| Qualified Institutions | 1.01 | 1,54,000 | 1,54,800 | 1.424 |
| Non-Institutional Buyers | 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 |
Supertech EV IPO GMP
Supertech EV was listed on the stock exchange on 02-07-2025. The IPO was subscribed 4.4x. The last GMP for Supertech EV IPO was ₹0.5, updated on Jul 2nd 2025 09:29 AM. As per the last GMP, the expected profit/loss for the IPO was 0.54%. The issue price of Supertech EV IPO (544428) was ₹92.00, listed at a price of ₹73.60, which is -20.00% lower than the allotment price. The expected IPO listing price as per grey market was ₹92.5, listed below GMP price and marked as negative listing for GMP.
Last updated 27 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 02 Jul, 2025 | 92 | ₹0.5 | 500 | ₹92.5 (0.54%) | 600 | 27 Jul, 2025 |
| 01 Jul, 2025 | 92 | ₹0.5 | 500 | ₹92.5 (0.54%) | 600 | 01 Jul, 2025 |
| 30 Jun, 2025 | 92 | ₹0.5 | 500 | ₹92.5 (0.54%) | 600 | 30 Jun, 2025 |
| 29 Jun, 2025 | 92 | ₹0.5 | 500 | ₹92.5 (0.54%) | 600 | 29 Jun, 2025 |
| 28 Jun, 2025 | 92 | ₹0.5 | 500 | ₹92.5 (0.54%) | 600 | 28 Jun, 2025 |
| 27 Jun, 2025 | 92 | ₹0.5▲ | 500 | ₹92.5 (0.54%) | 600 | 27 Jun, 2025 |
| 26 Jun, 2025 | 92 | ₹0▼ | - | ₹92 (0.00%) | - | 26 Jun, 2025 |
| 25 Jun, 2025 | 92 | ₹5▼ | 4600 | ₹97 (5.43%) | 6000 | 25 Jun, 2025 |
| 24 Jun, 2025 | 92 | ₹15▲ | 13700 | ₹107 (16.30%) | 18000 | 24 Jun, 2025 |
| 23 Jun, 2025 | 92 | ₹5▲ | 4600 | ₹97 (5.43%) | 6000 | 23 Jun, 2025 |
| 22 Jun, 2025 | 92 | ₹3▲ | 2700 | ₹95 (3.26%) | 3600 | 22 Jun, 2025 |
| 21 Jun, 2025 | 92 | ₹0 | - | ₹92 (0.00%) | - | 21 Jun, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Supertech EV IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Supertech EV IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
FAQs About Supertech Ev Ipo
Supertech EV IPO will open on 25 Jun, 2025 and close on 27 Jun, 2025. Investors must apply within this period to participate.
The Supertech EV IPO price band is set between ₹97.00 and ₹92.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹110400.00.
The Supertech EV IPO shares are expected to be listed on 02 Jul, 2025, subject to regulatory approvals and final allotment.
You can track your Supertech EV IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Supertech EV IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.