Supertech EV Ltd 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 E-Rickshaw, 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.
The company 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 the company has acquired Supertech Inc effective from April 01, 2023.
To manufacture the E-Rickshaw, the company procures the majority of raw materials including motors, controllers, brakes, differentials, axle, tyres etc. from the domestic suppliers and for 2 wheelers, since presently the company is engaged in assembling of two wheelers, therefore majority of products/ raw materials in CKD (Completely Knocked-Down) were imported products from China.
Note: The actual amount will be debited when the shares are allotted to you.
Note: The actual amount will be debited when the shares are allotted to you.
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
Yes. IPO & Bonds will reflect in the portfolio.
In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Bidding time will be till 1200 hrs on the closing day of the issue.
Your bank should be a part of the ASBA participating bankers. Click here to check the list of banks.
Yes, you will receive a sms once the IPO form is processed.
BSE IPO index to track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).
This report provides the debit/credit entry of all the transfers done in the IPO and MF account
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This product is a Loan Facility offered for applying in Primary Market Issues (IPOs and FPOs). With this product Investors can apply for IPOs by investing only Margin amount (specified for each IPO separately).
