The shares are priced in a band of Rs 87 to Rs 92 apiece, and the company is expected to list on BSE SME on July 2. The minimum bid lot is 1,200 shares.
What does Supertech EV do?
Founded in 2022, Supertech EV is engaged in manufacturing and selling electric two-wheelers and L5 electric loaders and rickshaws. The company has a product portfolio of 12 EV variants and a strong distribution network of 445 distributors spread across 19 Indian states.Its products include models such as CARGO MAX L5 loader, PASSENGER MAX e-rickshaw, and ZAPSTER PRO electric scooter. These models cater to both urban and rural markets with a mix of passenger and last-mile logistics needs.
As of June 2024, the company employs 115 people. It sources key components from both domestic vendors and overseas suppliers such as Fengxian Enland and Yuki Electric.
Financials at a glance
Supertech EV reported revenues of Rs 75.19 crore in FY25, growing 15% from Rs 65.14 crore in FY24. PAT rose 23% to Rs 6.19 crore. The EBITDA margin stood at 12.62%, and PAT margin at 8.25%.
Use of funds
The company plans to utilise Rs 16.5 crore towards working capital needs, Rs 3 crore for partial debt repayment, and the remaining for general corporate purposes and issue expenses.
The company’s scale is still relatively small, and given its incorporation just two years ago, long-term execution remains a key monitorable. However, it has shown strong top-line momentum and improving margins.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)