Supertech EV Ltd's Ambitious IPO Journey in India's EV Revolution

Supertech EV Limited is set to strengthen its influence in the growing Indian electric vehicle sector by launching an SME public issue worth Rs. 29.90 crore. The subscription period for this IPO will run from June 25 to June 27, 2025, with funds earmarked for working capital, loan repayment, and other corporate expenses.

The IPO consists of a fresh issuance of 32,49,600 equity shares valued at Rs. 10 each, with a price band from Rs. 87 to Rs. 92 per share. The minimum investment, based on an allotment of 1,200 shares at the upper price band, will require investors to contribute Rs. 1,10,400. The retail and NII quotas for the issue are set at 47.51% and 47.47%, respectively.

Supertech EV Limited, a leader in the Indian EV market since 2022, offers a diverse range of products, including electric two-wheelers and E-Rickshaws. As the demand for sustainable transportation grows, Supertech plans to harness these opportunities to align with India's green initiatives. Recent year-end financials reflect a revenue rise to Rs. 75.19 crore and a net profit increase to Rs. 6.19 crore.

(With inputs from agencies.)