Supertech EV IPO Live
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Schedule of Supertech EV
| Issue open date | 25 Jun 2025 |
| Issue close date | 27 Jun 2025 |
| UPI mandate deadline | 27 Jun 2025 (5 PM) |
| Allotment finalization | 30 Jun 2025 |
| Refund initiation | 01 Jul 2025 |
| Share credit | 01 Jul 2025 |
| Listing date | 02 Jul 2025 |
| Mandate end date | 12 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 30 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 28 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Supertech EV
Incorporated in 2022, Supertech EV Limited is a Haryana-based electric vehicle manufacturer engaged in the design, manufacturing, and distribution of electric two-wheelers and E-rickshaws. The company acquired the business operations of “Supertech Inc,” a proprietorship firm established in 2005, consolidating E-rickshaw manufacturing operations in April 2023. Supertech EV offers a portfolio of 12 models including 8 variants of EV 2-wheelers and 4 variants of E-rickshaws through a robust distribution network of 445 distributors across 19 states. The company sources raw materials from domestic suppliers for E-rickshaws and imports CKD components from China for two-wheeler assembly, positioning itself as a significant player in India’s electric mobility market with a focus on delivering affordable and technologically advanced solutions.
Financials of Supertech EV
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹29.90 crores |
| Fresh Issue | ₹29.90 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirement | 16.50 (55.18%) |
| Repayment of certain borrowings | 3.00 (10.03%) |
Strengths
- Offers 12 diverse electric vehicle models, including E-rickshaws and E-scooters, driving growth through innovation and a strong distributor network.
- A network of 445 distributors nationwide ensures broad market reach and strong customer satisfaction.
- The business model combines flexible in-house manufacturing with strategic outsourcing and a strong distributor network to ensure quality and market reach.
- Quality is ensured through dedicated teams monitoring both in-house and sourced products.
- Committed to sustainability, the company’s electric vehicles promote eco-friendly transportation for a cleaner, greener future.
Risks
- Risks from new EV development include costs, delays, competition, quality, and regulations impacting brand and finances.
- Failure to obtain, renew, or maintain necessary regulatory approvals and permits may disrupt operations and adversely affect financial performance.
- Unregistered logo may lead to brand infringement, legal risks, and loss of brand value.
Consistently negative cash flows may strain liquidity, disrupt operations, and hinder the execution of growth plans. - Dependence on third-party suppliers without firm commitments or exclusive arrangements may disrupt raw material supply, affecting production, revenue, and financial stability.
- Pricing pressure from distributors may reduce margins and, if not offset by cost efficiencies, could adversely impact profitability and financial condition.
- Past delays in statutory filings and payments may attract regulatory action, potentially impacting business and financial operations.
Allotment Status for Supertech EV
To check your allotment status – click here.