Supertech EV came to market through an SME IPO that opened on 25 June 2025 and closed on 27 June 2025, and the shares listed on 2 July 2025 on BSE SME. The price band was ₹87 to ₹92 per share and one lot was 1200 shares, so the minimum application was ₹1,10,400. The issue size was ₹29.9 crore. The whole issue was fresh shares, so the money raised went to the company.
Skyline Financial Services Private Ltd was the registrar to the issue, and Corporate Makers Capital Ltd was the lead manager.
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Incorporated in 2022, Supertech EV Limited is an Indian company focused on the production of electric vehicles (EVs). The product offerings of the company comprise 12 models, including 8 models of electric two-wheelers and 4 models of E-Rickshaws.Supertech EV Limited has established a network of 445 distributors and is present in 19 states of India, i.e., Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Jharkhand, Bihar, Maharashtra, Chhattisgarh, Odisha, Telangana, Karnataka, Andhra Pradesh, and Assam. Products:
CARGO MAX – L5 E- Loader PASSENGER MAX ZAPSTER PRO As of June 30, 2024, the company has 115 employees.The leading distributors of the company 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.
The highest creditors of the company are Akash Indchi Imports & Export Co., Fengxian Enland Internation Trading Co. Ltd, Supertech Auto Agency, Yuki Electric India Private Limited, Om Steels, A. S. T. Pipes Pvt. Ltd, Eastman Auto & Power Ltd, Emercion Industries LLP, B.H. Enterprises, EVS Tritech India, Laxmi Components, Powerlink Battery Systems, and New Era Trading Co.
As described in the offer document.
Mr. Yetender Sharma, Mr. Jitender Kumar Sharma, Ms. Geetanjali Sharma. Promoter holding 94.04% before the issue and 69.31% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Supertech EV IPO was a ₹29.9 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹87–₹92 per share with a lot size of 1,200 shares (₹1,10,400). The IPO was open from June 25 to June 27, 2025. Shares listed on BSE SME on July 2, 2025 at ₹73.60, a 20.0% discount to the issue price of ₹92. Skyline Financial Services Private Ltd is the registrar. Corporate Makers Capital Ltd is the book running lead manager.
The price band of Supertech EV IPO is ₹87 to ₹92 per share.
The lot size of Supertech EV IPO is 1200 shares.
The minimum investment for Supertech EV IPO is approximately ₹1,10,400 based on the upper price band.
The allotment date of Supertech EV IPO is Jun 30, 2025.
You can check Supertech EV IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Supertech EV IPO allotment status on Rupix for quick and easy access.
₹87 to ₹92 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,10,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,10,400, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 25 June 2025 and closed on 27 June 2025.
The basis of allotment was published on 30 June 2025 by Skyline Financial Services Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 2 July 2025 on BSE SME.
The issue size was ₹29.9 crore. The fresh issue was 32,49,600 shares (aggregating up to ₹29.9 crore).