Supertech EV IPO: SME IPO Launched on BSE

About Supertech EV

Founded in 2010, Supertech EV Limited is headquartered in Bahadurgarh, Haryana, and has established itself as a trusted name in the EV industry. With a manufacturing capacity of 36,000 units annually, the company specializes in ICAT-Pilot certified electric scooters and e-rickshaws.

Their vehicles are widely recognized for their quality and affordability, making them a popular choice across 18+ states in India, supported by a robust network of 445 distributors. Now, let’s learn more about the Supertech EV IPO.

📈 Supertech EV IPO Highlights

• IPO Opened Today (June 25, 2025)
  – Aim: Raise up to ₹29.9 crore via a fresh issue of ~32.5 lakh equity shares.
• Price Band: ₹87 – ₹92 per share; Minimum lot size: 1,200 shares (₹1,10,400 at upper band).
• **Subscription Status (Day 1)**:
  – Overall ~0.51× subscribed by midday
  – Retail investors ~0.69×, NIIs ~0.39×, QIBs dry so far
• Grey Market Premium (GMP): Around ₹15 (suggesting a potential ~16% listing premium).
• IPO is Open Until: June 27, 2025; Allotment Expected: June 30; Listing Likely On: July 2, 2025.

🏷 Why This IPO Matters

• Rides the EV Boom in India—super‑charged by rising subsidies and growing urban demand.
• Use of Funds: ₹16.5 cr for working capital, ₹3 cr to service debt, and the rest for general corporate needs.
• Strong financials: FY 24‑25 revenue ~₹75 cr (+17% YoY) and net profit ~₹6.2 cr (+23%) with healthy margins (EBITDA ~12.6%).
• Product reach: 12 EV models (8 scooters, 4 e‑rickshaws), a nationwide distributor network (445+ across 19 states).

1. Check Eligibility

Ensure you meet the following prerequisites:

• Demat Account: You need a demat and trading account with a broker registered with NSE/BSE.
• Bank Account: Ensure your bank supports ASBA (Application Supported by Blocked Amount).
• IPO Lot Size: Minimum application is for 1,200 shares (~₹1,10,400 at the upper band of ₹92).

2. Apply via Online Platforms

You can apply through:

a) Brokerage Apps

Most brokers like Zerodha, Upstox, Angel Broking, or ICICIdirect allow you to apply for SME IPOs. Here’s how:

• Log in to your broker’s app or website.
• Navigate to the IPO section and find “Supertech EV IPO.”
• Fill in the required details:
  • Number of lots you want to apply for.
  • Bid price (choose the cutoff price for guaranteed allotment).
• Confirm and authorize the payment via UPI.

b) Bank ASBA Service

You can also use your bank’s ASBA service (net banking or mobile banking):

1. Log in to your net banking account.
2. Go to the “IPO/ASBA” section.
3. Select “Supertech EV IPO.”
4. Enter bid details and submit.
5. The amount will be blocked in your account until allotment.

3. Key Dates for Supertech EV IPO

• IPO Opens: June 25, 2025
• IPO Closes: June 27, 2025
• Allotment Date: June 30, 2025
• Refunds (if any): July 1, 2025
• Listing Date: July 2, 2025

4. Allotment Process

• Allotment is based on subscription levels and happens via a lottery system if the issue is oversubscribed.
• Check your allotment status on the BSE/NSE website or through your broker app on or after June 30.

5. What to Keep in Mind

• SME IPOs can be more volatile than mainboard IPOs.
• Consider the risk-reward tradeoff carefully before applying.
• Ensure your UPI mandate is approved promptly to avoid application rejection.

🤔 What to Track Next

• Subscription momentum through June 27
• Allotment outcomes on June 30
• Listing performance on July 2
• Post-listing stock trajectory and investor sentiment

✅ Supertech EV IPO – Bottom Line

Supertech EV’s IPO is a timely move to capitalize on the growing adoption of electric vehicles in India. With solid financials, a diverse product lineup, and expansion plans backed by fresh capital, keep an eye on subscription trends and the final listing performance.

FAQs: