Supertech EV IPO

About Supertech EV IPO

Supertech EV IPO is a book-built issue worth ₹29.90 crore, consisting entirely of a fresh issue of 32.50 lakh equity shares. The IPO opens for subscription on June 25, 2025, and closes on June 27, 2025. The basis of allotment is expected to be finalised on Monday, June 30, 2025. 

The shares are proposed to be listed on BSE SME with a tentative listing date of Wednesday, July 2, 2025. The price band for Supertech EV IPO is fixed at ₹87 to ₹92 per share. Investors can apply for a minimum of 1 lot comprising 1,200 shares. The minimum investment required by retail investors is ₹1,04,400. 

However, applying at the cutoff price would require ₹1,10,400, which can help avoid risks related to oversubscription. High Net-Worth Individual (HNI) investors must apply for a minimum of 2 lots, which is 2,400 shares, amounting to ₹2,20,800.

Corporate Makers Capital Ltd. is acting as the book-running lead manager for the IPO. Skyline Financial Services Private Ltd. is appointed as the registrar, and Asnani Stock Broker Private Limited is the market maker. Refer to the RHP for full details.

Industry Outlook

1. The EV segment accounted for 7% of total vehicle sales in FY24, driven by a 41.7% year-on-year growth in unit sales. With the Indian government's 30% EV penetration target by 2030, supportive policies and rising fuel costs are accelerating demand. This creates a favourable market environment for Supertech EV Limited to expand its product reach and market share.
2. Sales of electric three-wheelers (E3Ws) surged by 56% in FY24, reaching 6.32 lakh units. This segment, which is vital for last-mile transport and intra-city mobility, is rapidly replacing conventional three-wheelers. As Supertech EV focuses on this space, it stands to benefit from rising demand among e-commerce and logistics sectors.
3. The electric two-wheeler (E2W) market recorded a 30% growth in FY24, with a staggering CAGR of 143% from FY20 to FY24. Increasing customer preference for cost-effective and eco-friendly mobility options gives Supertech EV Limited an opportunity to capture a larger share in this fast-expanding category.

Supertech EV IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Funds will be used to support day-to-day operational needs, ensuring smooth business continuity and future scalability.
2. A portion of the proceeds will go toward reducing existing debt, improving the company’s financial stability and lowering interest obligations.
3. The company also aims to use the funds for general corporate purposes, including operational and strategic needs.

About Supertech EV Limited 

Supertech EV Limited is an emerging player in India’s electric vehicle sector, originally incorporated as Supertech EV Private Limited on August 12, 2022. The company transitioned to a public limited company on December 21, 2022. On April 1, 2023, it acquired the business operations of Supertech Inc., a proprietorship firm established in 2005 and engaged in manufacturing E-Rickshaws and related components.

With this acquisition, Supertech EV Limited consolidated its operations to include both E-Rickshaw manufacturing and assembly of electric two-wheelers. While E-Rickshaw components are sourced domestically, most parts for two-wheelers in Completely Knocked-Down (CKD) form are imported from China.

Supertech EV Limited has introduced 12 electric vehicle models—8 variants of electric scooters and 4 variants of E-Rickshaws. The company has established a strong distribution network with 445 distributors across 19 Indian states, including Delhi, Gujarat, Maharashtra, Assam, and Andhra Pradesh.

Focused on India’s shift toward sustainable mobility, the company designs, develops, and distributes affordable, user-friendly electric vehicles. With a rapidly growing presence and a clear mission aligned with environmental goals, Supertech EV Limited is committed to expanding its footprint in the EV market and contributing to a cleaner, greener future.

How To Check the Allotment Status of Supertech EV IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Supertech EV IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Supertech EV IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Supertech EV IPO 

Registered office: Plot No. 150, Sector- 16, Phase-I, Bahadur Garh, Jhajjar, Haryana124507

Phone:+91-1276-462166

E-mail:compliances@supertechev.in

Supertech EV IPO Reservation

Supertech EV IPO Promoter Holding

The promoters of the company include Mr. Yetender Sharma, Mr. Jitender Kumar Sharma, and Ms. Geetanjali Sharma.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Supertech EV IPO Lot Size

Investors are required to place bids for at least 1,200 shares, and in multiples of this quantity thereafter. The table below outlines the lowest and highest number of shares and corresponding investment amounts applicable to both Retail Investors and High Net-worth Individuals (HNIs).

Key Performance Indicators for Supertech EV IPO

Supertech EV IPO Prospectus

• Supertech EV IPO DRHP
• Supertech EV IPO RHP

Supertech EV IPO Registrar and Lead Managers

Supertech EV IPO Lead Managers

• Corporate Makers Capital Limited

Registrar for Supertech EV IPO

Skyline Financial Services Private Limited

• Contact Number: 02228511022
• Email Address: ipo@skylinerta.com

Supertech EV IPO Registrar