Supertech EV IPO Date, Price, GMP, Review, Details

Supertech EV Limited offers investors an exciting initial public offering (IPO) with access to the rapidly expanding electric vehicle (EV) market in India. The company was incorporated on August 12, 2022 and became a public company on December 21, 2022. Supertech EV is focused on the EV sector, entering the market in April 2023 when it acquired the proprietorship concerns of Jatinder Kumar Sharma, including the running business of E-Rickshaw manufacturing, placing it strategically in India's green mobility revolution. 

The IPO is priced at a price band of ₹87 to ₹92 per share with an issue size of ₹29.90 crores, allowing investors to join India's electric vehicle transformation and act decisively in the government of India's decisive action signalling and interventions around electric mobility through various schemes and strong subsidy pushing the electric vehicle eco-system upward.

IPO Dates for Supertech EV Limited

The Supertech EV Limited IPO is scheduled to open on June 25, 2025, and close on June 27, 2025. The allocation date is expected to be announced by June 30, 2025, with listing planned for July 2, 2025.

IPO Details Summary

About Supertech EV Limited IPO

Supertech EV Limited is an established electric vehicle manufacturing company that manufactures E-Rickshaws and other electric mobility initiatives. The company has its manufacturing facility located in Haryana, where it has embedded its role within the evolving electric vehicle ecosystem in India, varying from manufacturing E-Rickshaw to providing E-Rickshaw chassis to other competitors. 

The company's office is located in Bahadur Garh in the state of Haryana, as it provides good access to northern India and Delhi NCR, one of India's major automotive sites. As such, the location provides the company with good supply chain and distribution networks and proximity to potential customers. 

The IPO comprises only fresh issue of ₹29.90 crores, which will be directly utilized for business growth, capacity enhancement, working capital requirements, research and development, or to contribute to increasing the company's presence in the highly competitive electric vehicle industry.

The company provides comprehensive electric vehicle solutions including design, manufacturing, assembly, quality assurance, and after-sales support, making it a complete EV solutions provider. With India's electric vehicle market expected to grow exponentially, driven by government initiatives like FAME II scheme and various state-level EV policies, Supertech EV is strategically positioned to benefit from this transformation.

Financial Performance of Supertech EV Limited

The company has demonstrated exceptional financial performance with remarkable growth across all key metrics:

Amount in ₹ Crores

Performance Analysis

Supertech EV has shown tremendous growth in the last two years. In terms of total assets, they went from ₹4.81 Cr to ₹44.19 Cr. Revenue grew steadily and in the last year alone, increased from ₹65.14 Cr in FY24 to ₹75.19 Cr in FY25 after a sharp increase from ₹2.38 Cr in FY23. They experienced a healthy PAT increase to ₹6.19 Cr, alongside an at-rest EBITDA of ₹9.48 Cr. Growth is both healthy and profitable for Supertech EV, and the company is demonstrating operational efficiency as well. Net worth also increased to ₹16.90 Cr, but borrowings went up to ₹12.27 Cr, and only one measure to demonstrate funding a product/service during expansion through a different form of share offerings. The company has a healthy debt-equity ratio at 0.73, and their net profit margin is on the rise (2.5% to 8.2%). It appears to be efficient scaling with appropriate and healthy financials indicating growth as a company.

IPO Share Reservation

The IPO share allocation follows SEBI guidelines with retail quota at 47.51%, QIB at 5.00%, and HNI at 47.47%:

Sector Comparison

*Latest reported period (Mar-25)

Know Before Investing

Risks

1. Volatility in EV Markets
The electric vehicle industry faces uncertainty due to rapid tech changes, regulatory shifts, and evolving consumer preferences, impacting demand and long-term sustainability.

2. Dependence on Battery Technology
Heavy reliance on battery suppliers introduces risks related to supply chain disruptions, rising costs, and potential technology limitations.

3. Changing Regulation
Frequent policy changes around EV subsidies, incentives, safety norms, and tax structures may impact operational costs and overall market conditions.

4. Competition from Established Manufacturers
Well-funded automotive giants are entering the EV space with aggressive pricing, increasing pressure on newer, smaller players.

5. Infrastructure Bottlenecks
EV adoption is constrained by underdeveloped charging infrastructure, particularly in semi-urban and rural areas.

6. Fluctuating Raw Material Prices
Volatile prices of lithium, cobalt, and other battery materials affect input costs, leading to profit margin pressure.

7. Dependence on Government Subsidies
The business model heavily depends on government support, which can be risky if policies change or subsidies are withdrawn.

8. SME Market Risk
Being listed on the BSE SME exchange subjects the stock to higher liquidity risk and greater price volatility than main board stocks.

Strengths

1. Exceptional Revenue Growth
Revenue surged from ₹2.38 Cr to ₹75.19 Cr in three years, showing strong market traction and scale-up capability.

2. Remarkable Profitability Improvement
PAT rose from ₹0.06 Cr to ₹6.19 Cr, reflecting significant improvements in operational efficiency and profitability.

3. Strong Operational Efficiency
EBITDA jumped from ₹0.09 Cr to ₹9.48 Cr, highlighting strong cash flow generation and efficient cost control.

4. Growing EV Market
India’s EV sector is booming, driven by environmental concerns, rising fuel costs, and supportive government policies.

5. Government Policy Support
Schemes like FAME II and PLI provide financial and infrastructural backing, enhancing growth prospects.

6. Strategic Market Position
Focus on E-Rickshaws addresses an expanding urban transport segment with high adoption potential.

7. Asset Base Expansion
Assets grew from ₹4.81 Cr to ₹44.19 Cr, indicating robust business expansion and infrastructure investment.

8. Improvement in Margins
Net profit margins increased from 2.5% to 8.2% quarter-over-quarter, reflecting better pricing and operational discipline.

How to Apply for Supertech EV Limited IPO?

Step-by-step guide (when IPO opens):

Step 1 : Log in to your broker app (Zerodha, Angel One, Groww, etc.)

Step 2 : Navigate to the IPO section and select Supertech EV Limited IPO

Step 3 : Click "Apply"

Step 4 : Enter the following details:

• Lot size (minimum 1,200 shares)
• Bid price (₹87–₹92 or select Cut-Off)
• Your UPI ID

Step 5 : Submit the application

Step 6 : Approve the UPI mandate in your UPI app (PhonePe, GPay, etc.)

⏰ Important: Mandate must be approved before 5 PM on the same day or before IPO closes.

How to Check Supertech EV IPO Allotment Status?

You can check allotment status through BSE and the registrar portal once the IPO opens.

Check On BSE

• Visit the BSE official website

• Navigate to the IPO Allotment Section

• Select Supertech EV Limited IPO

• Enter PAN number or application number

• Submit details to get allotment status

Check On the Registrar Portal

• Visit Skyline Financial Services Private Ltd's website

• Select IPO allotment status

• Choose Supertech EV Limited IPO

• Enter PAN or application number

• Submit to check status

Company Address

Name : Supertech EV Limited
Address : Plot No. 150, Sector-16, Phase-I, Bahadur Garh, Jhajjar, Haryana, 124507
Phone : +91-1276-462166
Email : compliances@supertechev.in
Website : http://www.supertechev.in/

IPO Registrar

Name : Skyline Financial Services Private Ltd
Address : D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi - 110020
Phone : +91 22 2851 1022
Email : ipo@skylinerta.com
Website : https://www.skylinerta.com/ipo.php

Conclusion

Supertech EV Limited IPO is a great candidate to consider in line with the rapid growth of the electric vehicle industry in India. The company has exceptional revenue growth from ₹2.38 Cr to ₹75.19 Cr and PAT growth, which improved from ₹0.06 Cr to ₹6.19 Cr, the company boasts an excellent growth trajectory.  The growth in profit margins that improved from 2.5% to 8.2%, and EBITDA of over 100x represent efficiency in its operating metrics and scaling abilities. 

The price band of ₹87- 92 per share, on a total issue size of ₹29.90 crores presents a reasonable entry into the fast-paced EV sector. With government support coming in and various EV policies and electric vehicles growing acceptance, Supertech EV is positioned to benefit from this transformation going forward. Their focus on E-Rickshaws is especially appealing as it is a section with greater upside potential for adoption.  

---

Disclaimer : This article is not to be construed as financial advice, it is meant solely for educational purposes. Ensure to seek advice from your financial advisor before making any investment decisions. There are risks in the electric vehicle sector as it is subject to market risk, regulatory changes, technology disruptions, or competition.

FAQs