With a 66.52% CAGR, the electric vehicle segment in India is expected to hit USD 113.99 billion. Moreover, this vehicle of tomorrow also enjoys strong government support through schemes like FLAME and PM E-DRIVE.
Against the backdrop of rising EV adoption, Supertech EV Limited is all set to drive the capital markets with its IPO.
The lead manager of the Supertech EV Limited IPO is Corporate Makers Capital Limited, whereas the registrar of the issue is Skyline Financial Services Private Limited.
Click here to view the Supertech EV IPO details on its RHP.
Note: For 50% of the shares, the anchor lock-in period expires 30 days following the actual allocation, and for the remaining part, it ends 90 days later.
Here are the key takeaways from the Supertech EV company profile.
This section takes a deep dive into the Supertech EV allotment, along with several other key details.
The Supertech EV IPO is set to follow a particular timeline.
The big takeaway from the Supertech EV Limited IPO is its issue size.
The IPO proceeds are set to be utilised in the following manner.
Apart from issue size and timeline, there are other key details about the IPO, such as the Supertech EV share price. These details are discussed here.
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The primary takeaways from the financial statements of the company are given in this section.
The ratios give a comprehensive idea about the financial health of a company.
Market sources indicate that Supertech EV shares' recently disclosed grey market premium (GMP) was ₹15. The stock may be offered at a 16% premium, according to the most recent GMP.
The advantages and risks related to the IPO are discussed below in detail.
STRENGTHS
It has a wide range of product portfolio with 12 models.
A massive distribution network of 445 distributors.
It has a flexible in-house manufacturing
It has an eco-friendly transportation.
The sector enjoys government support.
Risks
Brand infringement is a possibility due to an unregistered logo.
Negative cash flow might hinder performance.
Highly competitive sector, facing competition from both fuel-based and electronic vehicles.
The use of EVs is an evolving consumption pattern.
The EV sector is the market of tomorrow. Moreover, due to its impact on environmental concerns, it enjoys government aid and moral validation. The company is an emerging corporation in a prospective industry. However, analysis of financial statements and company details is necessary before investing.
Did you decide to apply for the IPO? Click here to participate in the Supertech IPO.
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