Supertech EV Share Price Makes Weak Debut on BSE SME: Lists at ₹73.60, Down 20%

Market Performance: Supertech EV Share Price Plunges on Listing

Supertech EV share price witnessed a sharp decline on its debut day at the BSE SME platform.

• Listed at: ₹73.60 per share
• IPO Price: ₹92 per share
• Listing Discount: 20%
• Intraday Low: ₹69.92 per share
• Fall Post-Listing: Over 5% from listing price

This weak debut has raised concerns among investors, particularly those anticipating a strong start.

Main News: Subdued IPO Response and Investor Sentiment

The Supertech EV IPO failed to impress investors with its overall subscription status.

• IPO Size: ₹29.90 Crore
• Subscription Period: June 25–27, 2025
• Total Shares Offered: 32.50 lakh (Fresh Issue)
• No OFS Component

IPO Subscription Breakdown:

Overall Subscription 4.40x

Despite a decent retail interest, the weak QIB response played a significant role in the tepid market debut of the Supertech EV share price.

Company Details: About Supertech EV Limited

Established in 2022, Supertech EV is an electric vehicle manufacturing company based in India. The company is focused on catering to the growing EV segment in the country.

Product Portfolio:

• Total Models: 12
  • Electric Two-Wheelers: 8 Variants
  • E-Rickshaws: 4 Variants

Distribution Network:

• Distributors: 445
• Geographic Presence: 19 Indian States

Key States Include:

Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Jharkhand, Bihar, Maharashtra, Chhattisgarh, Odisha, Telangana, Karnataka, Andhra Pradesh, and Assam.

The company's pan-India presence has been instrumental in shaping its brand positioning in the EV market.

Financial Allocation from IPO Proceeds

The company plans to strategically allocate the net proceeds from the IPO to enhance its business infrastructure.

Use of Funds:

• Working Capital Needs: ₹16.50 Crore
• Loan Repayment: Partial repayment of select borrowings
• Corporate Needs: General business and operational enhancements

Summary of the Article

• Supertech EV share price is listed at ₹73.60, marking a 20% discount from its IPO price.
• Following the listing, the stock declined further by 5%, reaching a low of ₹69.92.
• The IPO achieved moderate success, with an overall subscription of 4.40 times, driven primarily by retail investors.
• Weak demand from QIBs contributed to the lukewarm market sentiment.
• Supertech EV, founded in 2022, is active in the electric two-wheeler and E-Rickshaw Segments, with a reach across 19 Indian states.
• The IPO proceeds will support working capital, loan repayment, and business development.