Supertech EV logo

Supertech EV

BSE SMEListed

IPO Timeline

Issue open date

25 Jun 2025

Issue close date

27 Jun 2025

UPI mandate deadline

27 Jun 2025

Allotment finalization

30 Jun 2025

Refund initiation

1 Jul 2025

Share credit

1 Jul 2025

Listing date

2 Jul 2025

Mandate end date

12 Jul 2025

Lock-in end date for anchor investors (50%)

30 Jul 2025

Lock-in end date for anchor investors (remaining)

28 Sep 2025

Grey Market Premium Trend

₹0.5
Current GMP
₹93
Est. Listing Price
0.5%
Est. Listing Gain
₹87 - ₹92
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
1 Jan₹5₹975.43%
30 Jun₹1₹930.54%
1 Jan₹1₹930.54%
28 Jun₹1₹930.54%
27 Jun₹1₹930.54%
1 Jan₹1₹930.54%
25 Jun₹0₹920.00%
1 Jan₹5₹975.43%
23 Jun₹15₹10716.30%
22 Jun₹5₹975.43%
21 Jun₹3₹953.26%
20 Jun₹0₹920.00%
1 Jan₹1₹930.54%
1 Jul₹1₹930.54%
1 Jan₹1₹930.54%
29 Jun₹1₹930.54%
28 Jun₹1₹930.54%
1 Jan₹1₹930.54%
26 Jun₹0₹920.00%
1 Jan₹5₹975.43%
24 Jun₹15₹10716.30%
23 Jun₹5₹975.43%
22 Jun₹3₹953.26%
21 Jun₹0₹920.00%

Key Dates

Open
25 Jun 2025
Close
27 Jun 2025
Listing
2 Jul 2025

Quick Stats

Issue Size:30cr
Lot Size:1200 shares

Issue Details

Issue Size:30cr
Face Value:10
Listing At:BSE SME

Reservation

5%
QIB
47%
NII
47%
Retail

About the Company

Incorporated in 2022, Supertech EV Limited is a Haryana-based electric vehicle manufacturer engaged in the design, manufacturing, and distribution of electric two-wheelers and E-rickshaws. The company acquired the business operations of “Supertech Inc,” a proprietorship firm established in 2005, consolidating E-rickshaw manufacturing operations in April 2023. Supertech EV offers a portfolio of 12 models including 8 variants of EV 2-wheelers and 4 variants of E-rickshaws through a robust distribution network of 445 distributors across 19 states. The company sources raw materials from domestic suppliers for E-rickshaws and imports CKD components from China for two-wheeler assembly, positioning itself as a significant player in India’s electric mobility market with a focus on delivering affordable and technologically advanced solutions.

Strengths

  • Offers 12 diverse electric vehicle models, including E-rickshaws and E-scooters, driving growth through innovation and a strong distributor network.
  • A network of 445 distributors nationwide ensures broad market reach and strong customer satisfaction.
  • The business model combines flexible in-house manufacturing with strategic outsourcing and a strong distributor network to ensure quality and market reach.
  • Quality is ensured through dedicated teams monitoring both in-house and sourced products.
  • Committed to sustainability, the company’s electric vehicles promote eco-friendly transportation for a cleaner, greener future.

Risks

  • Risks from new EV development include costs, delays, competition, quality, and regulations impacting brand and finances.
  • Failure to obtain, renew, or maintain necessary regulatory approvals and permits may disrupt operations and adversely affect financial performance.
  • Unregistered logo may lead to brand infringement, legal risks, and loss of brand value. Consistently negative cash flows may strain liquidity, disrupt operations, and hinder the execution of growth plans.
  • Dependence on third-party suppliers without firm commitments or exclusive arrangements may disrupt raw material supply, affecting production, revenue, and financial stability.
  • Pricing pressure from distributors may reduce margins and, if not offset by cost efficiencies, could adversely impact profitability and financial condition.
  • Past delays in statutory filings and payments may attract regulatory action, potentially impacting business and financial operations.