Supertech EV IPO Subscribed overall 4.40 times on the last day, while the retail quota subscribed 7.06 times, QIB subscribed 1.01 times, and the NII quota subscribed 2.09 times, respectively.
Supertech EV IPO Details
Supertech EV got approval from SEBI for the IPO of ₹29.90 crores, which is an entirely fresh issue of ₹29.90 Crores with a face value of ₹10 each share. It was subscribed beyond expectations. It has a set price band of ₹87 to ₹92 Per Share.
Supertech EV IPO Funds Utilisations
The IPO proceeds will be used to handle the working Capital requirements of the company. Lastly, the remaining funds will be utilized for the company’s General Corporate Purposes.
Supertech EV Shares Distributions
Moreover, the retail category had 1200 shares in a 1 lot size with a minimum application and a maximum.
S-HNI got 2,400 shares in 2 lot sizes.
To participate in this IPO, each investor group has a tailored investment range
- Retail Minimum Application:- ₹1,10,400
- Retail Maximum Application:-₹1,10,400
- S-Hni Application:- ₹2,20,800
Supertech EV IPO Subscription Duration
Supertech EV IPO Started on June 25, 2025, and closed on June 27, 2025. The allotment was on June 30, 2025, and non-allottees got a refund on July 1, 2025. Supertech EV IPO listing is today, July 2, 2025.
About Supertech EV IPO
Incorporated in 2022, Supertech EV Limited is one of the prominent companies engaged in the manufacturing of electric vehicles (EVs) in India. The company engaged in designing, developing, manufacturing, and distributing of high-quality electric two-wheelers and E-rickshaws. The company includes comprehensive range of products such as 12 models, including 8 variants of electric two-wheelers and 4 variants of E-Rickshaws. The company operates in some of the states such as Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Jharkhand, Bihar, Maharashtra, Chhattisgarh, Odisha, Telangana, Karnataka, Andhra Pradesh, and Assam. The company includes 115 employees as of June 30, 2024. The company’s main distributors are GK Autovehicles Private Limited, Aziz Automobiles, Najon Digitel, Hindustan Energysavers, Kisan Auto Mobiles, Bhupender Hari Enterprises, Supertech Auto Agency (Nangloi), Krisha Electric Vehicle, E Ashwa Automotive Pvt Ltd, EVS Tritech India, EV World Motors, Green Wheels Auto, and Electra E-Mobility.
Supertech EV IPO Financial Background
The company reported revenue of ₹75.19 crores in 2025 against ₹65.14 crore in 2024. The company reported profit of ₹6.19 crores in 2025 against profit of ₹5.02 crores in 2024.
