Supertech EV IPO Day 1: GMP, subscription status, price band, other details of BSE SME IPO
By 12:25 PM of the first day of subscription, the issue had been subscribed 0.51 times, with the retail portion booked 0.69 times and the segment reserved for non-institutional investors (NIIs) subscribed 0.39 times. The segment reserved for qualified institutional buyers had not seen any subscription thill then.
1. Supertech EV IPO GMP: According to market sources, the latest grey market premium (GMP) of Supertech EV shares was ₹ 15. The latest GMP indicates the stock could be listed at a 16% premium.
2. Supertech EV IPO date: The SME IPO opened for subscription on Wednesday, June 25, and will conclude on Friday, June 27.
3. Supertech EV IPO price: The price band of the public issue has been fixed at ₹ 87 to ₹ 92 per equity share.
4. Supertech EV IPO size: The company intends to raise nearly ₹ 30 crore from the issue, which it will use to meet working capital requirements, repay certain borrowings and for general corporate purposes.
5. Supertech EV IPO lot size: Bidders can apply in lots, and one lot of the SME IPO comprises 1,200 company shares.
6. Supertech EV IPO reservation: Nearly 43 per cent of the net issue is reserved for retail investors, and an equal portion is reserved for NIIs. QIBs have been allotted 4.5 per cent of the net issue, and 4.8 per cent is reserved for market makers.
7. Supertech EV IPO allotment date: The company is expected to finalise the share allotment on Monday, June 30. Successful bidders can expect shares of the company in their demat accounts on Tuesday, July 1, and bidders who fail to get the allocation may get a refund on the same day.
8. Supertech EV IPO book-running lead manager and registrar: Corporate Makers Capital Ltd is the book-running lead manager, while Skyline Financial Services Private Ltd is the registrar for the issue.
9. Supertech EV IPO listing: As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the BSE SME on Wednesday, Jul 2.
10. Supertech EV business overview: The company manufactures 12 EV models, including 8 variants of EVS, two-wheelers, and four variants of e-rickshaw electric vehicles, with facilities located in Haryana. It has a distributor base of 445 across India and a presence in 19 states.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 hours ago
- Mint
Flat Debut! Star Imaging shares list at ₹142 on BSE SME, same as issue price
Star Imaging IPO listing: Star Imaging shares made a muted debut on the bourses on Monday, August 18, listing at ₹ 142 on BSE SME, same as its issue price. The ₹ 69.47 crore IPO received strong investor response during its subscription period from July 30 to August 1, achieving an overall subscription of 5.67 times. Total bids amounted to 1.76 crore shares, far exceeding the 31.08 lakh shares available for allotment. Within investor categories, the Qualified Institutional Buyer (QIB) segment recorded the highest demand, subscribing 12.85 times. Non-institutional investors (NIIs) subscribed 4.38 times, while the retail segment was subscribed 2.32 times. The employee category, however, remained under-subscribed, with only 31 percent of its allocation booked. The Star Imaging IPO comprised a fresh issue of 39.2 lakh shares amounting to ₹ 55.66 crore and an offer for sale (OFS) of 9.72 lakh shares aggregating to ₹ 13.80 crore. The lot size for the issue was fixed at 1,000 shares. For retail investors, the minimum investment requirement was ₹ 2,70,000, which amounted to 2,000 shares. Star Imaging planned to utilise the net proceeds from the fresh issue for several purposes. Of the total, ₹ 25 crore was proposed to meet working capital requirements, while ₹ 12 crore was allocated for repayment or prepayment of certain borrowings. In addition, ₹ 5.14 crore was earmarked for funding capital expenditure towards the purchase of refurbished medical equipment for its running facilities. The balance was set aside for general corporate purposes. Ahead of the IPO launch, the company raised ₹ 18.52 crore from anchor investors. The anchor bidding date was scheduled for August 7, 2025. Share India Capital Services Pvt. Ltd. acted as the book-running lead manager to the issue, while Kfin Technologies was appointed as the registrar. Incorporated in 2004, Star Imaging and Path Lab Limited is a healthcare company that offers a wide range of diagnostic services. The company provides imaging solutions such as X-rays, ultrasounds, CT scans, and MRIs, along with laboratory testing, including blood, urine, and other specialized diagnostics. Equipped with advanced technology and supported by experienced professionals, the company focuses on delivering accurate and timely reports to aid effective diagnosis and treatment. With a presence across multiple regions, Star Imaging and Path Lab serves both individual patients and healthcare institutions. Star Imaging Limited reported a 5 percent rise in revenue, growing from ₹ 79.97 crore in March 2024 to ₹ 84.79 crore in March 2025. The company's profit after tax (PAT) also saw a notable increase of 28 percent, rising from ₹ 12.45 crore to ₹ 15.96 crore.
Mint
4 hours ago
- Mint
Medistep Healthcare IPO listing: Shares list at 23% premium, soon slip to lower circuit
Medistep Healthcare IPO listing: Medistep Healthcare's share price made an impressive debut on Monday, August 18, but soon slipped to hit its lower circuit despite positive market sentiment. Medistep Healthcare listed at ₹ 53 on the NSE on Monday, a premium of 23.3 per cent from its issue price of ₹ 43. However, the SME stock soon erased gains to hit its 5 per cent lower circuit of ₹ 50.35. Around 11 AM, the stock was locked in its 5 per cent lower circuit even as the equity benchmark Nifty 50 traded with a solid gain of over a per cent. The stock's listing slightly exceeded grey market expectations, as the latest grey market premium (GMP) indicated that it could be listed at a premium of 19 per cent. Grey markets were expecting a healthy listing after the SME IPO saw a solid subscription of 382 times. Medistep Healthcare is a pharmaceutical company. Its core business activities are the manufacturing of sanitary pads and energy powder, and the trading and distribution of pharmaceutical, nutraceutical, surgical, and intimate care products. The SME IPO of Medistep Healthcare was entirely a fresh issue of 37.44 lakh shares aimed at raising ₹ 16 crore. The IPO was priced at ₹ 43 apiece. Fast Track Finsec Pvt Ltd was the book-running lead manager of the Medistep Healthcare IPO, while Cameo Corporate Services Limited was the registrar. The issue witnessed an overall subscription of 382 times, with retail portion booked 461 times and the segment reserved for NIIs subscribed to 289 times. The company intends to use the funds for funding of capital expenditure towards the purchase of plant and machinery for expansion at the existing manufacturing facility, meeting working capital needs and for general corporate purposes. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
4 hours ago
- Mint
NSE-listed SME stock surges 14% on bagging orders from Reliance Industries and 3 others. Details here
Sathlokhar Synergys share price jumped 14% on Monday after the infrastructure company announced bagging of multiple orders, including one from a subsidiary of Reliance Industries. The SME stock surged as much as 13.93% to ₹ 524.45 apiece on the BSE. The rally in Sathlokhar Synergys shares was supported by robust trading volumes. Around 4 lakh equity shares of Sathlokhar Sathlokhar Synergys E&C Global changed hands on stock exchanges on August 18, significantly higher than its one week average trading volume of 53,000 shares. The SME company announced it received an order from Reliance Consumer Products Ltd, a subsidiary of Reliance Industries, for execution of civil and PEB works at Brahmanapalli Village, Andhra Pradesh, Kurnool District. The total order value is estimated at ₹ 338.36 crore (including GST) and the project is to be completed before February 2026. Sathlokhar Synergys also received an order from Japan-based Komatsu India Private Limited for execution of civil works for construction of Canteen Building in Chennai, Tamil Nadu. The total order value is estimated at ₹ 10.37 crores (including GST) and the project is to be completed before January 2026. Additionally, the company has also bagged an order worth ₹ 4.95 crore from Freetrend Industrial India for electrical works at Indospace Industrial Park in Tamil Nadu, and another order worth ₹ 12.39 crore from Karaikal Iyangars Foods Ltd (Known as Iyengar Bakery), for civil, MEP and PEB works in Pondicherry. Sathlokhar Synergys E&C Global said its total work order booked value as of August 18 stands at ₹ 1,201.59 crore (Excluding GST), to be executed in the next 8 to 10 months. Sathlokhar Synergys share price has rallied 23% in one month and 16% in three months. The smallcap stock has gained 15% on a year-to-date (YTD) basis, while it has jumped 75% in the past one year. At 11:30 AM, Sathlokhar Synergys share price was trading 11.45% higher at ₹ 513.00 apiece on the NSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
