Supertech EV, a company engaged in electric vehicle (EV) components manufacturing and battery systems, has opened its IPO amid increasing demand for clean mobility infrastructure in India.

The company provides EV battery kits, controllers, wiring harnesses, and custom power solutions for two-wheelers and three-wheelers.

Day 1 Subscription Status (As of 5:00 PM)

Retail participation is expected to push the issue toward full subscription by Day 3.

GMP Update: Market Sentiment

• Current GMP: ₹6–₹8

• Issue Price: ₹60 per share (fixed)

• Expected Listing Price: ₹66–₹68

• Implied Gain: 10–13% over issue price

GMP is indicative and subject to market volatility and investor sentiment.

IPO Details: Quick Overview

About Supertech EV Ltd.

Supertech EV focuses on EV electrical systems including:

• Battery Management Systems (BMS)

• DC-DC converters

• Charging modules and smart controllers

The company supplies to local EV assemblers, service providers, and OEM vendors in North and West India.

Use of IPO Proceeds

The company plans to utilise funds for:

• Production expansion

• New product development in lithium-ion modules

• Working capital needs

• Brand promotion and distribution strengthening

Should You Apply for Supertech EV IPO?

Pros:

• Exposure to the fast-growing EV ecosystem

• Affordable price point for retail investors

• Positive Day 1 GMP and solid RII participation

Risks:

• Operates in a highly competitive, tech-driven market

• SME stocks may face listing-day volatility

• Scale limitations compared to large EV players

Expert View:
Good for investors looking at short-term listing gains and exposure to India’s green mobility sector. Long-term potential depends on scaling and innovation execution.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult with certified financial advisors and read all documents carefully before making investment decisions. Market conditions are subject to change.

The Upcoming IPOs in this week and coming weeks are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Adcounty Media India, Marc Loire Fashions, Neetu Yoshi.

The Current active IPO are Moving Media Entertainment, Valencia India, PRO FX Tech, Ace Alpha Tech, Indogulf Cropsciences, Suntech Infra Solutions, Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials, Abram Food, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Globe Civil Projects, Ellenbarrie Indutrial Gases, Kalpataru, AJC Jewel.

The Closed IPOs are Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

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