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Electric Equipments - OEM
Sub Sector: manufacturing ERickshaw
Exchange:
BSE
Emerge
Supertech EV has acquired the running business operations of “Supertech Inc”, proprietorship firm which was established in fiscal year 2005, owned by Mr. Jitender Kumar Sharma, engaged in the business of manufacturing ERickshaw, vide agreement dated April 01, 2023.Supertech Inc was engaged in the manufacturing of E-Rickshaw and other related products including the chasis body for other market players. Supertech EV was incorporated to manufacture E-Rikshaw and to assemble 2 wheeler e-scooter including high speed and low speed products. With this acquisition, they have consolidated all operations in respect to the manufacturing of E-rickshaw and assembling of two wheelers scooters. To synergies the business activities of both the entities our Company has acquired Supertech Inc effective from April 01, 2023. To manufacture the E-Rickshaw, Supertech EV procures the majority of raw materials including motors, controllers, brakes, differentials, axle, tyres etc. from the domestic suppliers and for 2 wheelers, since presently their Company is engaged in assembling of two wheelers, therefore majority of products/ raw materials in CKD (Completely Knocked-Down) were imported products from China. As a pioneering force in the Indian electric vehicle (EV) market. Since our inception, they have been at the forefront of driving the electrification of mobility in India, leveraging our manufacturing facilities located in Haryana with an introduction of 12 models including 8 variants of EV 2 wheelers and 4 variants of E-Rickshaw, with a distributor base of 445 across India
Skyline Financial Services Private Limited
Supertech EV operates in Electric Equipments - OEM and manufacturing ERickshaw. The Issue would be listed on SME. The registrar of the Issue is Skyline Financial Services Private Limited. The IPO type of Supertech EV is Book Building Process and Object of issue is
Merchant Banker of Supertech EV IPO is Corporate Makers Capital Limited
The DRHP (Draft Red Herring Prospectus) of Supertech EV IPO was filed on 03 Jul 2024.
No, Supertech EV IPO is not yet listed. See other upcoming SME IPOs here.
The IPO open date and IPO close date of Supertech EV are not available now. You can apply in Supertech EV IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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