Supertech EV Limited IPO

Supertech EV Limited is engaged in the design, manufacturing, and marketing of electric two-wheelers and electric three-wheelers for passenger and cargo use. With a focus on clean and affordable mobility, the company offers a wide range of electric scooters and e-rickshaws tailored for both urban riders and last-mile transport operators.

DRHP

Min Investment

₹1,10,400

Lot Size

1,200 Shares

Price Range

₹92.0

Issue Size (₹ Cr.)

₹29.90

IPO Type

BSE SME

Key Metrics

Face Value

₹ 10

GMP

₹ 0.0

Subscription

1.57x

EPS

₹ 3.93

P/E Ratio

23.44 x

RoNW

50.93%

ROE

50.93%

Debt to Equity (₹ Cr.)

1.60

Timeline

IPO Opened25/06/2025Wednesday

IPO CloseToday

Allotment30/06/2025Monday

Refund01/07/2025Tuesday

Listing02/07/2025Wednesday

Strengths

Comprehensive EV Product Portfolio The company offers a wide range of electric two-wheelers and e-rickshaws, catering to both urban commuters and last-mile logistics providers.
Established Industry Presence With over a decade of operational experience in electric vehicle manufacturing, the company has built credibility and technical know-how in the EV segment.
Integrated Manufacturing Facility Its production unit in Haryana includes in-house assembly, body fabrication, and testing capabilities, supporting high output and better quality control.
Improving Financial Performance The company has shown strong revenue growth and healthy profit margins, reflecting efficient operations and rising demand for its products.
Focused Use of IPO Funds Proceeds from the IPO are targeted toward working capital and debt reduction, which will enhance operational efficiency and support expansion plans.

Weaknesses

Limited Brand Recognition The company faces stiff competition from larger EV brands and lacks widespread consumer awareness, especially outside its primary markets.
Dependence on a Single Manufacturing Location Operating from one facility in Haryana exposes the business to regional risks and limits scalability in the short term.
Raw Material Price Sensitivity The business is vulnerable to fluctuations in the prices of key components like lithium-ion batteries, steel, and electronic parts.
After-Sales Service Limitations A relatively small service network could hinder customer satisfaction and brand loyalty in a service-intensive EV market.
Exposure to Government Policy Changes Changes in EV subsidies, regulatory norms, or import duties may directly impact demand, pricing, and profitability.