Business EconomyPosted at: Jun 24 2025 1:20AM


Supertech EV plans to raise up to Rs 29.90 cr from Public Issue, IPO opens on June 25

Hyderabad, June 23 (UNI) Supertech EV Limited, one of the pioneering force in the Indian electric vehicle (EV) market with a focus on electric two-wheelers (E2W) and electric three-wheelers (E3W), is planning to raise up to Rs 29.90 crore from its SME public issue.
The company has received an approval to launch its public issue on BSE SME Platform.
The public issue will open for subscription on June 25 and will close on June 27, the EV company said in a release.
The initial public offering of Rs 29.90 crore is entirely a fresh issue of 32,49,600 equity shares for a face value of Rs 10 each. Price band for the issue is Rs 87–Rs 92 per share.
Out of the issue proceeds, the company plans to use Rs 16.50 crore towards funding of working capital requirements, Rs three crore for repayment of a portion of certain borrowings and remaining for general corporate purposes and issue related expenses.
Minimum lot size for the application is 1,200 shares which translates in to minimum investment of Rs 1,10,400 at an upper price band of Rs 92 per share. The retail quota for the issue is 47.51 percent, NII is 47.47 percent, QIB is 5.02 per cent and Market Maker is 5.02 percent.
The company’s product portfolio includes 12 models, comprising eight variants of electric two-wheelers and four variants of E-Rickshaws.
Company has built a distribution network of 445 distributors and has a presence across 19 states in India, including Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh among others.
Company has recently launched products including - Cargo Max, Passenger Max and Zapster Pro in the market in FY 25-26.
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Tags: #Supertech EV plans to raise up to Rs 29.90 cr from Public Issue# IPO opens on June 25
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