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Mint
02-07-2025
- Automotive
- Mint
Supertech EV share price lists with 20% discount at ₹73.60 on BSE SME, slides further post-listing
Supertech EV IPO listing in focus today: Supertech EV IPO made a weak market debut today, July 02, as it debuted with a sharp 20% discount at ₹ 73.60 as against the IPO price of ₹ 92. Even after the weak market debut, the stock cracked another 5% to tumble to the day's low of ₹ 69.92 apiece. The SME IPO, valued at ₹ 29.90 crore, was open for subscription from June 25, 2025, to June 27, 2025, with an issue price of ₹ 92 per share. The issue is an entirely fresh issue of 32.50 lakh shares with no offer for sale component. The IPO received a subdued response, with the issue subscribed only 4.40 times. It attracted bids for 1.3 crore shares against the 30.85 lakh shares available. The retail investor segment was subscribed 7.06 times, while the non-institutional investor (NII) category saw a 2.09 times subscription. The Qualified Institutional Buyers (QIBs) portion witnessed the weak demand, being subscribed only 1.01 times. The company plans to utilize the net proceeds from its IPO primarily to support its working capital requirements, with an allocation of ₹ 16.50 crore. The remaining funds will be directed towards repayment of a portion of certain borrowings and general corporate purposes, helping the company strengthen its operations and overall business growth. Incorporated in 2022, Supertech EV is engaged in the manufacturing of electric vehicles (EVs) in India. The company's product portfolio includes 12 models, comprising 8 variants of electric two-wheelers and 4 variants of E-rickshaws. Supertech EV Limited 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, Jharkhand, Bihar, Maharashtra, Chhattisgarh, Odisha, Telangana, Karnataka, Andhra Pradesh, and Assam.
Mint
02-07-2025
- Automotive
- Mint
Supertech EV share price lists with 20% discount at ₹73.60 on BSE SME, slides further post-listing
Supertech EV IPO listing in focus today: Supertech EV IPO made a weak market debut today, July 02, as it debuted with a sharp 20% discount at ₹ 73.60 as against the IPO price of ₹ 92. Even after the weak market debut, the stock cracked another 5% to tumble to the day's low of ₹ 69.92 apiece. The SME IPO, valued at ₹ 29.90 crore, was open for subscription from June 25, 2025, to June 27, 2025, with an issue price of ₹ 92 per share. The issue is an entirely fresh issue of 32.50 lakh shares with no offer for sale component. The IPO received a healthy response, with the issue subscribed only 4.40 times. It attracted bids for 1.3 crore shares against the 30.85 lakh shares available. The retail investor segment was subscribed 7.06 times, while the non-institutional investor (NII) category saw a 2.09 times subscription. The Qualified Institutional Buyers (QIBs) portion witnessed the strongest demand, being subscribed 1.01 times. The company plans to utilize the net proceeds from its IPO primarily to support its working capital requirements, with an allocation of ₹ 16.50 crore. The remaining funds will be directed towards repayment of a portion of certain borrowings and general corporate purposes, helping the company strengthen its operations and overall business growth. Incorporated in 2022, Supertech EV Limited is engaged in the manufacturing of electric vehicles (EVs) in India. The company's product portfolio includes 12 models, comprising 8 variants of electric two-wheelers and 4 variants of E-rickshaws. Supertech EV Limited 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, Jharkhand, Bihar, Maharashtra, Chhattisgarh, Odisha, Telangana, Karnataka, Andhra Pradesh, and Assam. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
25-06-2025
- Business
- Mint
Supertech EV IPO Day 1: GMP, subscription status, price band, other details of BSE SME IPO
Supertech EV IPO: The initial public offering (IPO) of electric vehicles (EVs) manufacturer Supertech EV Limited opened for subscription on Wednesday, June 25. The SME IPO is entirely a fresh issue to raise nearly ₹ ₹ 30 crore. Supertech EV IPO is witnessing decent subscription from retail and non-institutional buyers. By 12:25 PM of the first day of subscription, the issue had been subscribed 0.51 times, with the retail portion booked 0.69 times and the segment reserved for non-institutional investors (NIIs) subscribed 0.39 times. The segment reserved for qualified institutional buyers had not seen any subscription thill then. 1. Supertech EV IPO GMP: According to market sources, the latest grey market premium (GMP) of Supertech EV shares was ₹ 15. The latest GMP indicates the stock could be listed at a 16% premium. 2. Supertech EV IPO date: The SME IPO opened for subscription on Wednesday, June 25, and will conclude on Friday, June 27. 3. Supertech EV IPO price: The price band of the public issue has been fixed at ₹ 87 to ₹ 92 per equity share. 4. Supertech EV IPO size: The company intends to raise nearly ₹ 30 crore from the issue, which it will use to meet working capital requirements, repay certain borrowings and for general corporate purposes. 5. Supertech EV IPO lot size: Bidders can apply in lots, and one lot of the SME IPO comprises 1,200 company shares. 6. Supertech EV IPO reservation: Nearly 43 per cent of the net issue is reserved for retail investors, and an equal portion is reserved for NIIs. QIBs have been allotted 4.5 per cent of the net issue, and 4.8 per cent is reserved for market makers. 7. Supertech EV IPO allotment date: The company is expected to finalise the share allotment on Monday, June 30. Successful bidders can expect shares of the company in their demat accounts on Tuesday, July 1, and bidders who fail to get the allocation may get a refund on the same day. 8. Supertech EV IPO book-running lead manager and registrar: Corporate Makers Capital Ltd is the book-running lead manager, while Skyline Financial Services Private Ltd is the registrar for the issue. 9. Supertech EV IPO listing: As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the BSE SME on Wednesday, Jul 2. 10. Supertech EV business overview: The company manufactures 12 EV models, including 8 variants of EVS, two-wheelers, and four variants of e-rickshaw electric vehicles, with facilities located in Haryana. It has a distributor base of 445 across India and a presence in 19 states. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
