Supertech EV IPO: The initial public offering (IPO) of electric vehicles (EVs) manufacturer Supertech EV Limited opened for subscription on Wednesday, June 25. The SME IPO is entirely a fresh issue to raise nearly ₹ ₹30 crore. Supertech EV IPO is witnessing decent subscription from retail and non-institutional buyers.
Supertech EV IPO subscription status
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.
Supertech EV IPO details
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.
(This is a developing story. Please check back for fresh updates.)
