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Supertech EV Powers Up IPO Dreams: ₹29.90 Crore Issue to Drive India’s Electric Ambitions

Updated: June 23, 2025 20:06

Image Source: Money Mint idea
Supertech EV Limited, a new entrant in India's electric vehicle space, will be rolling out its much-awaited SME IPO to mobilize up to ₹29.90 crore in the near future. The issue will be open for subscription from June 25, 2025, to June 27, 2025, and will be a landmark for the company as it fuels growth and innovation in the burgeoning EV space.
 
Key Highlights IPO Details
  • Issue Size: Fresh issue of 32,49,600 equity shares of face value of ₹10 each for the purpose of raising up to ₹29.90 crore.
  • Price Band: ₹87 to ₹92 per share.
  • Minimum Lot Size: 1,200 shares (Minimum investment of ₹1,10,400 at the upper price band).
  • Listing: BSE SME Platform.
  • Subscription Window: June 25–27, 2025.
  • Retail Quota: 47.51%; NII: 47.47%; QIB: 5.02%; Market Maker: 5.02%.
Use of Proceeds
  • ₹16.50 crore as working capital.
  • ₹3 crore to finance borrowings.
  • General corporate use and IPO expenses offset.
Business Snapshot
  • Product Portfolio: 12 models—8 electric two-wheelers and 4 E-Rickshaws, and garbage disposal vans and loaders.
  • Distribution: Network of 445 distributors in 19 states with major markets like Delhi, Haryana, and Gujarat.
  • Recent Launches: Zapster Pro, Passenger Max, and Cargo Max in FY 2025-26.
Financial Performance
  • FY24-25 Revenue: ₹75.19 crore (up 17.23% YoY).
  • Net Profit: ₹6.19 crore (up 23.3% YoY).
  • Healthy Margins: ROE/RONW of 36.66%, ROCE of 47.95% as of March 31, 2025.
Growth Projections
Supertech EV will catch the wave of increasing EV usage in India, as the nation is turning green and embracing green technology and green mobility.
 
"Supertech EV's IPO will fuel its next growth stage, riding India's electric mobility wave using the strong finances and wide product portfolio."
 
Source: The Tribune India, Devdiscourse, Business Standard.

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