365Telugu.com online news,India, June 24th, 2025: Supertech EV Limited, a fast-growing player in India’s electric vehicle (EV) industry, is set to launch its Initial Public Offering (IPO) on the BSE SME platform to raise up to ₹29.90 crore.
The public issue, comprising a fresh issue of 32.49 lakh equity shares with a face value of ₹10 each, will open for subscription on June 25, 2025, and close on June 27, 2025. The price band has been fixed at ₹87 to ₹92 per share.
The minimum lot size is 1,200 shares, translating to a minimum investment of ₹1,10,400 at the upper end of the price band. Corporate Makers Capital Ltd is the book-running lead manager for the issue.
Use of Proceeds
The company plans to utilize the IPO proceeds as follows:
- ₹16.50 crore for working capital requirements
- ₹3 crore for partial repayment of borrowings
- Balance towards general corporate purposes and issue-related expenses
Company Overview
Incorporated in 2022, Supertech EV Ltd is a key emerging player in the Indian EV sector, with a strong focus on electric two-wheelers (E2Ws) and electric three-wheelers (E3Ws) including e-rickshaws, garbage vans, and loaders.
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The company offers 12 models (8 electric two-wheeler variants and 4 e-rickshaw variants) and recently launched three new products-Cargo Max, Passenger Max, and Zapster Pro in FY25-26.
With a distribution network of 445 dealers across 19 Indian states, Supertech EV is well-positioned to capitalize on India’s rapidly expanding EV market, backed by rising environmental awareness, government subsidies, and demand for sustainable transport.
Financial Performance
For FY 2024-25:
- Revenue: ₹75.19 crore (17.23% YoY growth)
- Net Profit: ₹6.19 crore (23.3% YoY growth)
- EBITDA: ₹9.48 crore
- Net Worth: ₹16.89 crore
- Total Assets: ₹44.18 crore
Return Ratios (as of March 31, 2025):
- Return on Equity (ROE) / Net Worth (RONW): 36.66%
- Return on Capital Employed (ROCE): 47.95%
IPO Allotment Structure
- Retail Individual Investors (RII): 47.51%
- Non-Institutional Investors (NII): 47.47%
- Qualified Institutional Buyers (QIB): 5.02%
- Market Maker: 5.02%
IPO Snapshot – Supertech EV Ltd
| Event | Details |
|---|---|
| IPO Open Date | June 25, 2025 |
| IPO Close Date | June 27, 2025 |
| Price Band | ₹87 – ₹92 per share |
| Issue Size | 32.49 lakh equity shares (₹29.90 crore) |
| Lot Size | 1,200 shares |
| Listing Exchange | BSE SME Platform |
With a strong product portfolio, nationwide footprint, and robust financials, Supertech EV aims to ride the momentum of India’s EV revolution and contribute to a cleaner, sustainable mobility ecosystem.