Igniting the Future: A Deep Dive into the Supertech EV IPO

India's electric vehicle (EV) landscape is buzzing with innovation and growth, and at the forefront of this electrifying transformation is Supertech EV Limited. As the company prepares to go public with its Initial Public Offering (IPO), investors are keen to understand its potential. This comprehensive analysis will guide you through the Supertech EV IPO, offering essential insights into the company's operations, financial health, and the details of its public offering.

**Supertech EV: Paving the Way for Sustainable Mobility**

Incorporated in 2022, Supertech EV Limited is a burgeoning player in the Indian electric vehicle manufacturing sector. The company has rapidly developed a diverse product portfolio designed to meet the evolving needs of both personal and commercial transportation.

Their current offerings include a range of 12 distinct models:

• Eight variants of electric two-wheelers
• Four variants of E-Rickshaws (including Passenger Max and Cargo Max – L5 E-Loader, along with Zapster Pro)

Supertech EV has established a formidable distribution network, boasting 445 distributors spread across 19 states in India. This extensive reach underscores their commitment to making electric mobility accessible nationwide. As of mid-2024, the company's operations are supported by a dedicated team of 115 employees.

**Understanding the Supertech EV IPO: Key Information**

The upcoming IPO is a book-building issue, designed to raise significant capital for the company's future endeavors. Here are the essential details prospective investors should be aware of:

**IPO Timeline: Mark Your Calendar**

**Investment Lot Sizes and Application Details**

For retail investors, the minimum investment required is ₹1,04,400 (at the lower end of the price band) or ₹1,10,400 (at the cut-off price). It is often recommended for retail investors to bid at the cut-off price to enhance their chances of allotment. High Net-worth Individuals (HNIs) will need a minimum investment of ₹2,20,800, corresponding to 2 lots.

**Investor Quota Allocation**

The IPO shares are strategically allocated among various investor categories to ensure broad participation. The total shares offered by Supertech EV are 30,93,601 (excluding the market maker portion of 1,63,200 shares):

• Qualified Institutional Buyers (QIBs): 5.00% (1,54,800 shares)
• Non-Institutional Investors (NII / HNI): 47.36% (14,65,200 shares)
• Retail Individual Investors (RII): 47.36% (14,65,200 shares)
• Market Maker Portion: 1,63,200 shares (part of the overall issue size)

**Company's Financial Health and Valuation Outlook**

Analyzing the financial performance of Supertech EV Limited is crucial for potential investors to gauge its growth trajectory and operational efficiency.

**Restated Financial Highlights (Figures in ₹ Crore)**

The company has demonstrated impressive financial growth, with revenue increasing by 15% and profit after tax (PAT) by 23% between the financial year ending March 31, 2024, and March 31, 2025. This indicates a robust operational performance and an expanding bottom line.

**Key Performance Indicators (KPIs) and Valuation Metrics**

As of March 31, 2025, Supertech EV's market capitalization stands at ₹113.70 Crores. Here's a look at some key performance indicators:

For valuation purposes, it's insightful to consider the Earnings Per Share (EPS) and Price-to-Earnings (P/E) ratios:

*Note: The Pre-IPO EPS is calculated based on the existing shareholding and the latest annual earnings (FY2024). The Post-IPO EPS reflects the shareholding structure after the public issue.*

**Promoters and Shareholding Landscape**

The leadership of Supertech EV Limited is in the hands of its dedicated promoters: Mr. Yetender Sharma, Mr. Jitender Kumar Sharma, and Ms. Geetanjali Sharma.

Their shareholding percentage will see a change post-IPO due to the fresh issue of shares:

• **Pre-Issue Promoter Holding:** 94.04%
• **Post-Issue Promoter Holding:** 69.31%

This adjustment reflects the natural dilution that occurs when new shares are issued to the public, distributing ownership more broadly.

**Strategic Objectives of the IPO**

Supertech EV plans to strategically deploy the net proceeds from this IPO to fuel its growth and strengthen its operational capabilities. The key objectives include:

• **Enhancing Working Capital:** A substantial portion, ₹16.50 Crores, is allocated to meet the company's working capital needs, ensuring smooth day-to-day operations and facilitating expansion.
• **Debt Reduction:** Approximately ₹3.00 Crores will be utilized to repay certain existing borrowings, which is expected to improve the company's financial leverage and reduce interest burden.
• **General Corporate Purposes:** Funds will also be reserved for general corporate requirements, providing flexibility for various business development initiatives, strategic investments, and unforeseen expenses.
• **Covering Issue Expenses:** A part of the proceeds will be used to cover the costs associated with the IPO itself.

**Key Stakeholders in the IPO Journey**

Several professional entities play critical roles in ensuring the smooth execution of the Supertech EV IPO:

• **Book-Running Lead Manager:** Corporate Makers Capital Ltd.
• **IPO Registrar:** Skyline Financial Services Private Ltd. (responsible for managing the application and allotment process)
• **Market Maker:** Asnani Stock Broker Private Limited

**Strategic Assessment: A SWOT Analysis of Supertech EV**

A thorough SWOT analysis helps in understanding the internal strengths and weaknesses, as well as external opportunities and threats, facing Supertech EV Limited.

**Strengths**

• **Robust Financial Growth:** Demonstrated impressive revenue and PAT growth between FY2024 and FY2025, reflecting strong business momentum.
• **Extensive Market Reach:** A wide distribution network spanning 19 states provides a significant competitive advantage and potential for wider market penetration.
• **Diverse Product Offering:** A balanced portfolio of electric two-wheelers and E-Rickshaws caters to varied customer segments, reducing reliance on a single product line.
• **Leveraging EV Market Boom:** Operating in a high-growth sector benefits from increasing adoption of electric vehicles and supportive government policies.

**Weaknesses**

• **Relatively Short Operating History:** Being a young company (incorporated in 2022), it has a shorter track record compared to more established industry players, which might influence long-term investor perception.
• **Reliance on Distribution Network:** While extensive, a heavy dependence on distributors means sales performance can be influenced by the effectiveness and loyalty of this network.
• **Increased Borrowings:** Although current debt-to-equity is moderate, the increase in total borrowings warrants careful monitoring of debt management.

**Opportunities**

• **Favorable Government Policies:** Continuous government support, subsidies, and incentives for EV adoption present a strong tailwind for growth.
• **Untapped Market Segments:** Significant untapped potential exists in India, particularly in Tier 2 and Tier 3 cities and rural areas, for affordable electric mobility solutions.
• **Technological Advancements:** Opportunities to integrate cutting-edge battery technology, charging solutions, and vehicle designs to enhance product performance and user experience.
• **Infrastructure Development:** Growing investment in EV charging infrastructure across the country will further support mass adoption.

**Threats**

• **Intense Competition:** The Indian EV market is becoming increasingly crowded with both domestic startups and global automotive giants vying for market share.
• **Volatile Raw Material Prices:** Fluctuations in the prices of critical components like lithium, cobalt, and other battery materials can impact manufacturing costs and profitability.
• **Rapid Technological Obsolescence:** The fast pace of innovation in the EV sector necessitates continuous R&D investment to avoid products becoming outdated.
• **Regulatory Changes:** Any adverse changes in government policies, subsidies, or emission standards could impact the business model.
• **Economic Downturn:** A slowdown in the economy could impact consumer spending on new vehicles, affecting sales volumes.

**How to Apply for the Supertech EV IPO**

Applying for an IPO in India is a streamlined process, predominantly done online through your existing brokerage account. Most prominent brokers facilitate this through their trading platforms or mobile applications.

Here’s a general step-by-step guide:

1. **Log In to Your Trading Account:** Access your online brokerage platform using your credentials.
2. **Locate the IPO Section:** Navigate to the 'IPO' or 'Apply for IPO' section, usually found under the 'Invest' or 'Portfolio' menus.
3. **Select Supertech EV IPO:** Choose "Supertech EV IPO" from the list of currently open public issues.
4. **Enter Bid Details:** Provide your UPI ID (if applying via UPI), specify the number of lots you wish to apply for, and select your bid price. Opting for the 'Cut-off price' is a common strategy for retail investors.
5. **Confirm and Submit:** Review your application details carefully and then submit.
6. **Approve UPI Mandate:** If you used UPI, you will receive a notification on your UPI-linked payment application. Approve the mandate to authorize the blocking of funds for your IPO application.

Ensure your Demat and trading accounts are active and linked to your bank account before the IPO application window opens.

**Company and Registrar Contact Information**

For official communication or inquiries regarding the IPO, you may use the following contact details:

**Supertech EV Limited**

• Address: Plot No. 150, Sector- 16, PhaseI, Bahadur Garh, Jhajjar, Haryana, 124507
• Phone: +91-1276-462166
• Email: compliances@supertechev.in
• Website: http://www.supertechev.in/

**IPO Registrar: Skyline Financial Services Private Ltd.**

• Phone: 02228511022
• Email: ipo@skylinerta.com
• Website: https://www.skylinerta.com/ipo.php

**Concluding Thoughts: Navigating the EV Investment Landscape**

The Supertech EV IPO presents a compelling opportunity to be part of India's accelerating electric vehicle revolution. The company's impressive financial performance, expansive distribution network, and diversified product portfolio position it as a noteworthy contender in a high-growth sector.

However, like all investments, particularly in dynamic industries, it is accompanied by inherent risks. Investors should consider the competitive landscape, the relatively nascent operational history, and the potential for technological shifts. A thorough review of the Red Herring Prospectus (RHP) and consultation with a financial advisor are highly recommended to make well-informed investment decisions aligned with individual financial goals. As India moves towards a greener future, companies like Supertech EV will play a crucial role, making their public offerings significant events for the broader market.