Supertech EV Limited, a prominent player in India’s electric vehicle manufacturing sector, has launched its Initial Public Offering (IPO) as part of its strategic expansion plans. The company, established in 2010 and incorporated as a public entity in 2022, specializes in manufacturing electric two-wheelers and e-rickshaws with a focus on sustainable transportation solutions. Supertech EV’s IPO, valued at ₹29.90 crores, aims to raise funds for working capital requirements and business expansion.
₹00
₹92
₹73.60
Expert Opinions
Supertech EV IPO is entering the public market at a time when market sentiment is cautiously optimistic, buoyed by India’s accelerating shift toward electric mobility and supportive government policies. The company’s strengths lie in its robust manufacturing capacity of 36,000 EV units annually, a diversified product portfolio including both two-wheelers and e-rickshaws, and a strong distributor network across 19 states. However, Supertech EV faces notable risks such as dependence on a limited number of suppliers, exposure to pricing pressures from distributors, and the need for continuous regulatory compliance, which could impact profitability and operational stability.
From a valuation perspective, Supertech EV IPO reported impressive FY 2025 metrics — a Return on Equity (ROE) of 36.66%, Return on Capital Employed (ROCE) of 30.86%, and a Net Asset Value (NAV) of ₹18.55 per share, reflecting efficient capital utilization and strong profitability. While these figures are compelling, long-term investment appeal will hinge on the company’s ability to sustain growth, navigate supply chain challenges, and capitalize on the expanding EV market, making it a promising but risk-aware opportunity for patient investors.
Investor Considerations
Investors evaluating the Supertech EV IPO should carefully consider the company’s recent performance and fundamentals, which show robust revenue growth—up 15% to ₹75.19 crore in FY25—and a notable 23% increase in profit after tax (PAT), reaching ₹6.19 crore. The sector outlook is positive, driven by India’s accelerating transition to electric mobility and strong government support for clean transportation. The Supertech EV IPO valuation metrics for FY 2025 reveal an EBITDA margin of 12.62%, a PAT margin of 8.25%, and a moderate debt/equity ratio of 0.73, indicating healthy profitability and balanced leverage.
Growth prospects are promising, supported by a diversified product line, expanding distribution network, and scalable manufacturing capabilities. However, risks include regulatory compliance challenges, supplier dependency, pricing pressures from distributors, and potential quality or supply disruptions. Investors with a short-term horizon may focus on listing gains and market sentiment, while long-term investors should weigh the company’s ability to sustain growth, manage risks, and capitalize on the expanding EV market.
| Date | GMP | Trend |
|---|---|---|
| 29 Jun 2025 10.52 | ₹00 | --- |
| 28 Jun 2025 13.49 | ₹00 | --- |
| 27 Jun 2025 13.24 | ₹00 | --- |
| 26 Jun 2025 20.00 | ₹00 | Down |
| 25 Jun 2025 14.38 | ₹15 | Up |
| 24 Jun 2025 11.07 | ₹5 | --- |
| 23 Jun 2025 15.51 | ₹5 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Supertech EV IPO’s listing performance. With a final GMP of ₹0, it indicated a flat listing around the issue price of ₹92. However, the stock listed significantly lower at ₹73.60, resulting in a negative return of -20%. This led to a large prediction error of 20%, where the GMP completely missed the negative direction and magnitude of the listing, reflecting low reliability in this case.
Supertech EV IPO Current GMP is ₹00.
Supertech EV IPO Expected Returns is 0.00%.
Supertech EV IPO estimated listing price is ₹92.