June 23, 2025
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What is the last grey market premium of Supertech EV IPO?
Listing Review: Will update on listing.
Subscription status of Supertech EV IPO
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Supertech EV IPO Price Rs. 92 Lot 1200 shares, Rs.28.39 Crore |
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| QIB | NII x | RII x | Total x | Applications |
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Supertech EV IPO Allotment Link:
What is the business of Supertech EV?
Founded in 2022, Supertech EV Limited is a fast-growing force in India’s electric vehicle (EV) manufacturing sector. With a robust and diverse product lineup, the company offers 12 innovative EV models—including 8 electric two-wheeler variants and 4 advanced E-Rickshaw options—designed to meet the evolving needs of urban and rural India.
Driven by a vision of clean mobility, Supertech EV has established a strong national presence, backed by a growing network of 445 distributors across 19 Indian states, including Delhi, Punjab, Maharashtra, Karnataka, and Assam. This widespread reach ensures the company’s products are accessible to customers in both metropolitan and remote regions.
Product Highlights:
- CARGO MAX (L5 E-Loader): Designed for high-efficiency cargo transport
- PASSENGER MAX: Comfortable, eco-friendly commuting solution
- ZAPSTER PRO: A sleek and powerful electric two-wheeler
As of June 30, 2024, Supertech EV employs 115 skilled professionals dedicated to innovation, quality, and customer satisfaction.
Major Supply Chain Partners:
Supertech EV relies on a trusted network of suppliers and creditors such as:
- Akash Indchi Imports & Export Co.
- Yuki Electric India Pvt. Ltd.
- Eastman Auto & Power Ltd.
- A.S.T. Pipes Pvt. Ltd.
- Powerlink Battery Systems
- Fengxian Enland International Trading Co. Ltd.
With a firm commitment to sustainability and innovation, Supertech EV Limited is not just building vehicles—it’s helping drive India’s green mobility revolution.
Get further information about the company at http://www.supertechev.in/
Supertech EV IPO Details
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Sector: EV Manufacturer |
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| IPO opens on | 25 June 2025 |
| IPO closes on | 27 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3249600 Shares / Rs 29.90 Crore |
| * Fresh Issue | 3249600 Shares / Rs 29.90 Crore |
| * Offer for Sale – | – Shares/ Rs.- Crore |
| Market Maker Portion | 163,200 Shares |
| Net offer to Public | 3086500 Shares Rs.39.93 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 87-92 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
| Investor Category | Shares | % | Amount |
| Market Maker | 1,63,200 | 5.28 | |
| QIB Shares | 1,54,800 | 5 | |
| NII (HNI) Shares | 14,65,200 | 47.36 | |
| Retail Shares | 14,65,200 | 47.36 | |
| Total Shares | 30,93,601 | 100 | |
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹1,10,400 |
| Retail (Max) | 1 | 1200 | ₹1,10,400 |
| HNI (Min) | 2 | 2,400 | ₹2,20,800 |
Who are the Promoters of Supertech EV?
Mr. Yetender Sharma, Mr. Jitender Kumar Sharma, and Ms. Geetanjali Sharma are the company promoters.
What are the Objects of Supertech EV IPO?
*Working capital requirement. Rs. 16.50 Cr.
*Repayment of portion of certain borrowings availed by the Company. Rs. 3 Cr.
*General corporate purposes
*Issue Expenses.
Supertech EV Timetable
Tentative timetable |
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| IPO opens on | 25 June 2025 |
| IPO Closes on | 27 June 2025 |
| IPO Allotment on | 30 June 2025 |
| Refund Initiation | 1 July 2025 |
| Credit of Shares | 1 July 2025 |
| Listing on | 2 July 2025 |
| Registered Office of the Company Supertech EV Limited Plot No. 150, Sector- 16, PhaseI, Bahadur Garh, Jhajjar, Haryana, 124507 |
| The Lead Manager of this IPO Corporate Makers Capital ltd |
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Who is the Registrar to IPO? Skyline Financial Services Pvt ltd |
Supertech EV IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Supertech EV Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 44.19 | 24.8 | 4.81 |
| Revenue | 75.19 | 65.14 | 2.38 |
| Profit After Tax | 6.19 | 5.02 | 0.06 |
| EBITDA | 9.48 | 7.39 | 0.09 |
| Net Worth | 16.9 | 9.7 | 1.07 |
| Reserves and Surplus | 7.79 | 5.19 | 0.07 |
| Total Borrowing | 12.27 | 5.52 | |
| Amount in Rs Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 36.66% |
| ROCE | 30.86% |
| Debt/Equity | 0.73 |
| RoNW | 36.66% |
| PAT Margin | 8.25% |
| EBITDA Margin | 12.62% |
| EPS | 5.33 |
| PE Ratio | 17.3 |
How Supertech EV IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Supertech EV | 36.66 | |
| Delta Autocorp | 16.08 | 11.5 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Supertech EV IPO Review by Paresh Gordhandas, CA & Research Analyst.
Will provide our guidance soon
+ from fundamental angle:
+ from grey market angle:
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