Supertech EV Limited IPO
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:
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:
Financials of Supertech EV Limited IPO:
Particulars (in cr) | FY 2024-25 | FY 2023-24 | FY 2022-23 |
Revenue from Operations | 75.09 | 65.02 | 2.37 |
EBITDA | 9.48 | 7.39 | 0.0918 |
EBITDA Margins | 12.62% | 11.37% | 3.87% |
PAT | 6.19 | 5.02 | 0.0635 |
PAT Margins | 8.25% | 7.72% | 2.68% |
ROE | 36.66% | 51.77% | 5.94% |
Debt to Equity Ratio | 0.73 | 0.57 | - |
Operating Cash Flows | -5.21 | -2.56 | -0.57 |
Comparison With Peers:
Companies | Revenue | EBITDA Margins | PAT Margins | D/E Ratio | MCap | P/E |
Supertech EV | 75.09 Cr. | 12.62% | 8.25% | 0.73 | 113.69 Cr. | 18.37 |
Delta Autocorp | 83.19 Cr. | 13.21% | 10% | 0.05 | 116 Cr. | 13.80 |
Lead Manager of Supertech EV Limited IPO:
Registrar of Supertech EV Limited IPO:
Discussion on Supertech EV Limited IPO:
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