Supertech EV Limited is not just another player in India’s EV revolution—it’s a purpose-driven force building the future of mobility. Incorporated in August 2022 and strengthened by the acquisition of the long-standing firm Supertech Inc. in April 2023, the company blends new-age vision with two decades of EV manufacturing expertise.
🚗 Product Portfolio
Supertech EV manufactures a range of electric two-wheelers and E-Rickshaws, with a portfolio of 12 models:
- 🔋 ZAPSTER PRO – High-speed electric scooter
- 🛺 PASSENGER MAX – Comfortable city rickshaw
- 📦 CARGO MAX (L5) – E-loader for goods transport
(8 e-scooter variants + 4 e-rickshaw models)
🌍 National Presence
With 445 distributors across 19 states, including Delhi, Maharashtra, Gujarat, Karnataka, and Assam, the company ensures strong coverage from metro cities to rural regions.
🏭 Manufacturing & Sourcing
- Based in Bahadurgarh, Haryana
- Local sourcing for e-rickshaw components
- Imported CKD kits for scooters (mainly from China)
This hybrid model enables cost efficiency and faster scale-up.
📦 Business Model
Supertech follows a B2B dealership-led approach, empowering local distributors while minimizing retail overheads—an efficient model for rapid expansion.
🌱 Sustainability & Vision
Supertech EV supports India’s clean mobility goals by offering zero-emission, affordable, and durable EVs, designed for both urban and semi-urban users.
As of June 30, 2024 the company has 115+ employees.
Supertech EV IPO – Details
| IPO Opening Date | 25 June 2025 |
| IPO Closing Date | 27 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 32,49,600 Shares Worth ₹29.90 Crore Fresh Issue: 32,49,600 Shares Worth ₹29.90 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹87 – ₹92 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | BSE SME |
| Registrar | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 5.02% |
| NII (HNI) Shares Offered | 47.47% |
| Retail Shares Offered | 47.51% |
Supertech EV IPO – Date Schedule
| IPO Open Date | 25 June 2025 |
| IPO Close Date | 27 June 2025 |
| Basis of Allotment | 30 June 2025 |
| Initiation of Refund | 01 July 2025 |
| Credit of Shares to Demat | 01 July 2025 |
| IPO Listing Date | 02 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2025 |
Supertech EV IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,10,400 |
| Retail (Max) | 1 | 1200 | ₹1,10,400 |
| HNI (Min) | 2 | 2400 | ₹2,20,800 |
Competitive Strengths
- Diversified range of services offered.
- Strong Client base.
- Experience of our Promoter and core management team.
- Quality Assurance.
- Cost competitiveness and time bound delivery.
Company Promoters
- Mr. Yetender Sharma
- Mr. Jitender Kumar Sharma
- Ms. Geetanjali Sharma
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹2.38 Cr | ₹2.28 Cr | ₹0.06 Cr | – |
| 31 March 2024 | ₹65.14 Cr | ₹58.45 Cr | ₹5.02 Cr | ₹5.52 Cr |
| 31 March 2025 | ₹75.19 Cr | ₹66.85 Cr | ₹6.19 Cr | ₹12.27 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.66% |
| ROCE | 30.86% |
| Debt/Equity | 0.73 |
| RoNW | 36.66% |
| PAT Margin | 8.25% |
| EBITDA Margin | 12.62% |
| Pre IPO | Post IPO | |
| EPS (₹) | 5.33 | 3.93 |
| P/E (x) | 17.28 | 23.44 |
Object Of The Issue
| S.No. | Objects of the Issue | Expected Amount (in Crore) |
|---|---|---|
| 1 | Working capital requirement. | 16.50 |
| 2 | Repayment of portion of certain borrowings availed by the Company. | 3.00 |
| 3 | General Corporate Purpose. | |
| 4 | Issue Expenses. |
Supertech EV IPO Peer Comparison
| S. No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 1 | 10 | Delta Autocorp Limited | 16.08 |
Strengths
- Diverse EV portfolio with 12 models covering both scooters and rickshaws.
- Strong distribution network with 445 dealers across 19 states.
- Experienced promoters with decades of industry expertise.
- Hybrid manufacturing model ensures cost control and scalability.
- Asset-light B2B dealer model supports fast expansion.
- Focus on eco-friendly, zero-emission electric mobility.
- Recognized at RideAsia EV Expo for product innovation.
- Rapid revenue growth post acquisition and operational scale-up.
Risks
- Heavy dependence on imported kits for scooters.
- Operates from leased facilities, posing continuity risks.
- Involved in ongoing legal matters affecting promoters and company.
- Working capital intensive business with liquidity sensitivity.
- High competition in a price-sensitive EV market.
- No in-house battery or electronic component manufacturing.
Supertech EV IPO Promoter Holding
| Pre Issue Share Holding | 94.04% |
| Post Issue Share Holding | 69.31% |
Supertech EV IPO Prospectus
Company Contact Information
| Supertech EV Limited Plot No. 150, Sector- 16, PhaseI, Bahadur Garh, Jhajjar, Haryana, 124507 Phone: +91-1276-462166 Email: compliances@supertechev.in Website: http://www.supertechev.in/ |
Supertech EV IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Supertech EV IPO Lead Manager(s)
| 1. Corporate Makers Capital Ltd. |
Supertech EV IPO FAQ
| What is Supertech EV IPO? Supertech EV IPO is a SME IPO. The issue is priced at ₹87 to ₹92 per equity share. The IPO is to be listed on BSE SME. |
| When Supertech EV IPO will open? The IPO is to open on 25 June 2025 for QIB, NII, and Retail Investors. |
| What is Supertech EV IPO Investors Portion? The investors’ portion for QIB – 5.02%, NII – 47.47%, and Retail – 47.51%. |
| How to Apply the Supertech EV IPO? You can apply Supertech EV IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Supertech EV IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Supertech EV IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Supertech EV IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Supertech EV IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Supertech EV IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Supertech EV IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Supertech EV IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Supertech EV IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Supertech EV IPO Size? Supertech EV IPO size is ₹29.90 Crore. |
| What is the Supertech EV IPO Price Band? Supertech EV IPO Price Band is ₹87 to ₹92. |
| What is Supertech EV IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1200 Shares with ₹1,10,400 amount, while the maximum bid is 1200 Shares with ₹1,10,400. |
| What is the Supertech EV IPO Allotment Date? Supertech EV IPO allotment date is 30 June 2025. |
| What is the Supertech EV IPO Listing Date? Supertech EV IPO listing date is 02 July 2025. The IPO is to be listed on the BSE SME. |
