Supertech EV Limited IPO

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Incorporated

Supertech EV Limited is a fast-growing electric vehicle (EV) manufacturer based in India. The company formally acquired the running operations of the well-established proprietorship firm Supertech Inc. (established in 2005), consolidating a legacy in E-Rickshaw manufacturing under a unified corporate umbrella. With its headquarters and manufacturing facilities in Haryana, Supertech EV has rapidly emerged as a key player in India’s EV mobility revolution.

Core Business Activities

Supertech EV Limited is engaged in the design, development, manufacturing, assembling, and distribution of:

a) Electric Two-Wheelers (E-Scooters) – 8 models (like S-PRO, V-PRO, TIGER, POWER, U-PRO, ACTIVE, GT, and ZAPSTER PRO)

b) Electric Three-Wheelers (E-Rickshaws) – 4 models (Like PILOT DLX, PILOT S DLX, GARBAGE, E-LOADER, CARGO MAX, and PASSENGER MAX )

The company currently offers 12+ variants across these categories, targeting both personal mobility and commercial logistics segments. Its products are known for their affordability, reliability, and eco-friendliness, positioning Supertech EV as a value-focused brand with mass appeal.

Distribution Network & Market Presence

445 distributors across 19 Indian states, including Delhi, Maharashtra, Gujarat, Karnataka, Bihar, and Assam. A well-established B2B model with a growing base of retail and wholesale distributors ensuring product reach and after-sales service across the country. Focus on expanding into underserved and emerging markets with high EV adoption potential.

Revenue Model

– Direct sales of EV two-wheelers and E-rickshaws via distributor network
– Spare parts sales and after-sales services
– CKD (Completely Knocked Down) imports for EV scooters (primarily from China) and localized procurement for E-rickshaw manufacturing

Competitive Strengths

1. Diverse Product Range: 12+ models catering to both urban and semi-urban users, including passenger, cargo, and municipal utility vehicles.
2. Experienced Promoter Team: Promoters of the company brings over a decade of expertise in brand positioning and consumer engagement.
3. Robust Supply Chain:
Strategically located vendors and in-house production for E-rickshaws, supported by outsourced CKD kits for two-wheelers to optimize cost and flexibility.
4. Quality Assurance:
Dedicated quality control for both in-house manufactured products and third-party sourced components ensures consistency and reliability.
3. Sustainability Commitment:
Aligned with India’s green mobility goals, Supertech EV contributes to reducing emissions through clean and accessible transportation solutions.

Objects of the Supertech EV Limited IPO:

We intend to utilize the proceeds of the Issue to meet the following objects: 1. Working capital requirement (₹16.50 cr) 2. Repayment of portion of certain borrowings availed by our Company (₹3 cr) 3. General corporate purpose
DRHP of Supertech EV Limited IPO
RHP of Supertech EV Limited IPO

Supertech EV Limited IPO Details:

Open Date: Jun 25 2025
Close Date: Jun 27 2025
Total Shares: 32,49,600
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 29.90 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 87-92 Per Equity Share
Listing At: BSE SME

Promoters And Management:

1. Yetender Sharma, aged 43 years is the Promoter, Managing Director of our Company. He has been on the Board of Directors of our Company since incorpration i.e August 12, 2022. He has completed Bachelor of Commerse in a year 2003 from University of Delhi. He is having an overall experience of 20 years. He handles the overall management of Project, Planning, Execution and Business operations of the Company. 2. Jitender Kumar Sharma, aged 70 years is the Promoter, Chairman & Whole Time Director of our Company. He has been on the Board of Directors of our Company since November 01, 2022. He has completed High School from Government School, Kishanganj, Delhi in a year 1974. He is having an overall experience of 25 years. He handles the factory manufacturing facilities and administer the product quality. 3. Geetanjali Sharma, aged 38 years is the Promoter & Whole Time Director of our Company. She has been on the Board of Directors of our Company since November 01, 2022. She has completed Bachelor in Commerce in a year 2007 from from University of Delhi. She is having an overall experience of 15 years. She strategizing and executing marketing campaigns, effectively positioning the Company within its industry and fostering growth.

Financials of Supertech EV Limited IPO: 

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Supertech EV Limited IPO:

  1. Corporate Makers Capital Limited

Registrar of Supertech EV Limited IPO:

  1. Skyline Financial Services Private Ltd

Discussion on Supertech EV Limited IPO:

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