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Supertech EV IPO
Supertech EV Ltd
₹1,04,400 /1200 sharesMinimum Investment
Supertech EV IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹92.00 | ₹73.60 | -₹18.40 (20.00%) |
Supertech EV IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Jun ‘25 - 27 Jun ‘25 | ₹1,04,400 | 1,200 | ₹87 - ₹92 |
| Issue Size | IPO Doc |
|---|---|
| 29.90Cr | RHP PDF |
Subscription rate
As of 27 Jun'25, 05:00 PM
| Qualified Institutional Buyers | 1.00x |
| Non-Institutional Investor | 2.20x |
| Retail Individual Investor | 6.90x |
| Total | 4.15x |
About Supertech EV
Founded in
2022
Managing director
Mr. Yetender Sharma
Parent organisation
Supertech EV Ltd
Strengths & Financials of Supertech EV
Strengths
Risks
The company claims to have a distributor network of 445 dealers spread across 19 states in India.
The company’s e-rickshaw range includes models designed for specific needs, such as the e-loader for goods transport, the garbage model for waste collection, and the premium Pilot Dlx and Pilot S Dlx. The company claims that this variant provides improved comfort and performance for passenger travel.
Supertech EV claims that the company’s e-scooters are known for their stylish design, modern features, and eco-friendly efficiency. The lineup includes high-performance models like S-Pro and V-Pro, agile options like Tiger, and practical variants like Power. The company also claims that other models, such as Goodness Of Gt, Active, U Pro, and Zapster, are designed to suit a wide range of customer preferences.
The company claims that it uses advanced technology and technical expertise to manufacture most of the key parts for its e-rickshaws in-house. This helps maintain strict quality standards and supports timely production to meet customer demand.
Supertech EV claims that the company’s products (electric scooters and e-rickshaws) support the global shift toward eco-friendly transportation, helping reduce environmental impact and promote a cleaner future.
Over the years, the company has observed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 2.37 crore in FY23 to Rs 65.03 crore in FY24 and Rs 75.10 crore in FY25. PAT increased from Rs 0.06 crore in FY23 to Rs 5.02 crore in FY24 and Rs 6.19 crore in FY23.
The company recorded negative cash flows from operating activities amounting to Rs 5.22 crore, Rs 2.56 crore, and Rs 0.57 crore in FY25, FY24, and FY23, respectively. Additionally, negative cash flow from investing activities amounted to Rs 1.64 crore, Rs .0.90 crore, and Rs 0.01 crore in FY25, FY24, and FY23, respectively. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
The company has been in operation for under 3 years. This limited track record makes it difficult for investors to accurately assess the company’s performance and future potential.
The cost of material consumed accounted for Rs 55.64 crore (83.24 percent) of the company’s total expenses in FY25, Rs 49.41 crore (84.53 percent) in FY24, and Rs 1.76 crore (76.91 percent) in FY23. Any increase in the prices of these materials could negatively impact the company’s profitability.
Supertech EV majorly depends on its top 10 suppliers for raw materials. They accounted for Rs 32.59 crore (51.27 percent) of the company’s total purchases in FY25. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company has reported low capacity utilisation at its manufacturing facility, which may impact its business prospects. Capacity utilisation stood at only 32.89 percent and 28.49 percent in FY25 and FY24, respectively. Any continued inability to operate at optimal capacity levels may result in suboptimal returns on investment and could materially affect the company’s financial performance.
The company, its directors, promoters, and group companies are involved in certain legal proceedings. Any adverse judgment in any of these cases can be detrimental to the company’s business prospects.
As of FY25, the company has total trade receivables amounting to Rs 13.20 crore, a sharp increase from Rs 6.15 crore in FY24 and Rs 0.69 crore in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company earns its revenue entirely from the sale of electric scooters and e-rickshaws. If these products fail to perform well in the market, it could adversely affect the company’s business operations and finances.
As of FY25, Supertech EV had outstanding financial indebtedness amounting to Rs 12.27 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Supertech EV Financials
*All values are in Rs. Cr
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Application Details of Supertech EV IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹87 - 92 | ₹2 - 5 Lakh |
| High Networth Individual | ₹87 - 92 | ₹2 - 5 Lakh |
For Supertech EV IPO, eligible investors can apply as Regular.