Electric vehicle maker Supertech EV Ltd is all set to launch its SME IPO on June 25, 2025, aiming to raise up to ₹29.90 crore through the issue of 32.49 lakh equity shares. The IPO, priced between ₹87–₹92 per share, will remain open till June 27, and the shares will be listed on the BSE SME platform.
The company plans to use ₹16.50 crore from the proceeds for working capital needs, ₹3 crore to repay borrowings, and the rest for general corporate purposes. The minimum application size is 1,200 shares, requiring a minimum investment of ₹1,10,400 at the upper band. Corporate Makers Capital Ltd is managing the issue.
Founded in 2022, Supertech EV has built a robust product portfolio of 12 electric vehicle models and a dealer network across 19 states. For FY25, it reported a revenue of ₹75.19 crore and a net profit of ₹6.19 crore, with ROE at 36.66% and ROCE at 47.95%. In Kolkata, where demand for eco-friendly mobility is growing steadily, Supertech EV’s diversified E2W and E3W offerings could find strong traction among daily commuters and small business owners seeking cost-efficient and sustainable transport solutions.