Latest news with #SupertechEV
Time of India
02-07-2025
- Automotive
- Time of India
Supertech EV to debut today. Muted GMP signals cautious debut
Electric two-wheeler and e-rickshaw maker Supertech EV will debut on the BSE SME platform on July 2 after closing its Rs 29.90 crore IPO last week. Ahead of the listing, the stock is commanding a GMP of just Rs 0.5, indicating a subdued listing pop of 0.5% over the issue price of Rs 92. The IPO, which was entirely a fresh issue of 32.5 lakh shares, was open from June 25 to June 27 and priced in a tight band with a single cut-off price. The listing comes on the back of moderate investor interest, particularly in the retail and HNI segments, with no offer-for-sale component. Despite the lukewarm GMP, analysts say the long-term opportunity in the electric mobility space could play in Supertech EV's favour. Incorporated in 2022, the Delhi-based company has carved a niche in the EV manufacturing segment with 12 models in its portfolio — including eight electric scooters and four e-rickshaw variants. Its pan-India network of over 445 distributors across 19 states suggests a strong last-mile retail presence. Supertech reported a 15% jump in revenue and 23% rise in PAT in FY25 over the previous year. Its net profit for FY25 stood at Rs 6.19 crore, on revenue of Rs 75.19 crore. The company plans to use the IPO proceeds to fund working capital needs (Rs 16.5 crore), repay a portion of existing borrowings (Rs 3 crore), and for general corporate purposes. While the GMP doesn't suggest fireworks on debut, market watchers believe Supertech EV's differentiated presence in the EV space and wide distribution may attract long-term investors, especially if the stock dips in the early days of trade.
Business Standard
02-07-2025
- Automotive
- Business Standard
BSE SME Supertech EV hits the brakes on day one
Shares of Supertech EV was trading at Rs 69.92 on the BSE, a discount of 24% compared with the issue price of Rs 92. The scrip was listed at Rs 73.60, a discount of 20% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 73.60 and a low of Rs 69.92. About 42,000 shares of the company changed hands at the counter. Supertech EV's IPO was subscribed 4.23 times. The issue opened for bidding on 25 June 2025 and it closed on 27 June 2025. The price band of the IPO was set at Rs 87 to Rs 92 per share. The IPO comprised fresh issue of 32,49,600 equity shares. The promoter and promoter group shareholding diluted to 69.31% from 94.04% pre-issue. The company intends to utilize the net proceeds for working capital requirement, repayment of portion of certain borrowings availed by the company and general corporate purposes. Supertech EV is a pure EV player in India, building vertically integrated technology and manufacturing capabilities for electric vehicles. It manufactures EVs, including 2-wheelers and e-rickshaws, at its factory. The company has launched 8 variants of 2-wheelers and 4 variants of e-rickshaws. It operates through a widespread distributorship network of 445 outlets across India. The company aims to make electric vehicles accessible to all segments of society. As of 31 May 2025, the company had 148 employees on payroll basis excluding contractual and KMP/ Directors. The company recorded revenue from operations of Rs 7.50 lakh and net profit of Rs 0.62 lakh for the period ended 31 March 2025.
Mint
02-07-2025
- Business
- Mint
Rama Telecom shares open at ₹72, listing at 6% premium; details here
Rama Telecom IPO listing: Rama Telecom share price debuted a tepid premium of nearly 6 per cent on Wednesday, July 2. The SME stock opened at ₹ 72 against its issue price of ₹ 68. It rose further to ₹ 75 but soon erased most gains to trade flat. Around 10:10 AM, Rama Telecom shares were trading at ₹ 68.40 apiece. According to market experts, the stock's listing is broadly in line with expectations, as it has been trading at ₹ 73 in the grey market over the last few days. Rama Telecom IPO opened for subscription on June 25 and concluded on June 27, with a decent subscription of 1.6 times. The retail portion of the issue was booked nearly two times. Share allotment was finalised on June 30, and allottees received shares on July 1. It was a fresh issue of nearly 37 lakh shares to raise ₹ 25 crore, which it intends to use to meet working capital expenses, general corporate purposes, and other offering-related expenses. Apart from Rama Telecom, HDB Financial, Sambhv Steel Tubes, Suntech Infra Solutions, and Supertech EV also debuted on Indian bourses today. HDB Financial Services shares were listed at ₹ 835 on NSE and BSE, a premium of 12.84 per cent from its IPO price of ₹ 740. Sambhv Steel Tubes shares were listed at ₹ 110 on the NSE and ₹ 110.10 on the BSE, compared to its issue price of ₹ 82. Supertech EV was listed on BSE SME at ₹ 73.60, with a sharp 20 per cent discount against the issue price of ₹ 92. Suntech Infra Solutions' share price was listed on the NSE SME with a 27 per cent premium at ₹ 109.10 against the issue price of ₹ 86. Read all market-related news here
Time of India
02-07-2025
- Automotive
- Time of India
Supertech EV to debut today. Muted GMP signals cautious debut
Electric two-wheeler and e-rickshaw maker Supertech EV will debut on the BSE SME platform on July 2 after closing its Rs 29.90 crore IPO last week. Ahead of the listing, the stock is commanding a GMP of just Rs 0.5, indicating a subdued listing pop of 0.5% over the issue price of Rs 92. The IPO, which was entirely a fresh issue of 32.5 lakh shares, was open from June 25 to June 27 and priced in a tight band with a single cut-off price. The listing comes on the back of moderate investor interest, particularly in the retail and HNI segments, with no offer-for-sale component. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Despite the lukewarm GMP, analysts say the long-term opportunity in the electric mobility space could play in Supertech EV's favour. Incorporated in 2022, the Delhi-based company has carved a niche in the EV manufacturing segment with 12 models in its portfolio — including eight electric scooters and four e-rickshaw variants. Its pan-India network of over 445 distributors across 19 states suggests a strong last-mile retail presence. Supertech reported a 15% jump in revenue and 23% rise in PAT in FY25 over the previous year. Its net profit for FY25 stood at Rs 6.19 crore, on revenue of Rs 75.19 crore. Live Events The company plans to use the IPO proceeds to fund working capital needs (Rs 16.5 crore), repay a portion of existing borrowings (Rs 3 crore), and for general corporate purposes. While the GMP doesn't suggest fireworks on debut, market watchers believe Supertech EV's differentiated presence in the EV space and wide distribution may attract long-term investors, especially if the stock dips in the early days of trade. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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.
