Supreme Engineering Ltd IPO Message Board (Page 3)

Supreme Engineering Ltd.
A Mumbai based company engaged in manufacturing of special alloys As well as wire products.
It is the only company of private sector which is manufacturing exotic alloys steel bars.
Some features of SEL-
1. PAT is growing @ 122% and revenue is growing @ 18.5% since last four years.
2. EPS (before issue) 2.5 and post issue 1.85
3.P/E (before issue) 12.75 and after issue 17.5
4. P/B (post issue) 1.6
(ALL CALCULATION @ UPPER PRICE BAND OF 32)
5.EBITDA Margin is 17% (FY18)
6. Company has long term debt of 26 cr and short term debt of 55 cr. Total 81 cr debt is the only concern but as the company has a land bank of 24350 square metres so it can easily reduce debt by selling it.
Management has also clarified that they will reduce debt in near future.
I will apply and hold for long term.

If subscription not well means you may get 20% lower after listing.

Jagdish Master have correctly given in simple terms what should be the value of shares of Supreme Engineering i.e Rs.15 to Rs. 17. In SME IPO the P.E should always be Half of the Main board company competitor in this case Midani Debt Free PSU is available at P.E of 19 so why should one invest in Supreme at the same P.E. If one is interested in Buying can Buy at price of Rs.15-17 if/when it comes otherwise Midani is better. Think wisely with your hard earned money.

Supreme Engineering post dillution EPS is 1.86 Rs only and ipo prize 32 Rs it's 17.25PE & 80cr high Debt ?? In current sme mkt conservative valuation of the co around 8-9 PE post dillution which is around 15-17 Rs fair value per share .

While company business is ok. There are too many negative as well. First huge debt company has debt of 80 crore on books. Second it's lead manager has not got any record. I think it should have flat listing . I would rather put my money in midhani which is debt free company.

It makes me laugh when someone says lead manager record does not matter. Here are some facts. 1). Ofs technology one of the cheapest stock available in market. Got very good reviews. Company is debt free and have gone financials. Lead manager VCK who was also it's market maker sold share on listing. This stock is available at half it's issue price .this lead manager never came with another issue . 2). Sarveshwar food. Another good review company. Lead manager asit c mehta. stock available at around 30 pc discount . 3). Navigant issues - power instrumentation .good reviews. Navigant has not more than 20 pc success rate. This lead manager is ckp financial. It hardly had any record with one flat listing only. Please get some knowledge and do proper analysis with facts and figures. Some people need to be shown mirror properly with facts and figures. Lol. Again very important to check track record of lead manager. Those who say it's not important are foolish people. These people should keep apply other lead manager issues and we will apply good panthomath issues.

I want to show mirror to some people who do not have proper knowledge and comment without any analysis. Before coming to rescue of other lead manager they should know some facts. If a lead manager like panthomath can maintain 70 pc success rate with so many issues then infact other lead manager despite fewer issues should have been easier for them to show performance and make a name for themselves. Isn't it a shame for lead manager like. First global. Navigant etc to have only 1 out of 10 issues sucess which is 10 pc. People should not give wrong analysis here without doing any research. It is like cricket where you expect only good performer to give u result like u expect panthomath to score century in every match.

And v for Vendetta I am showing mirror to u. So better stop giving ur nonsense comments and get some knowledge and do proper analysis before saying anything just for a sake of it.

My comment should not be construed in favor of this company or the lead manager.
I am only writing to show mirror to some people here who are singing paeans for Pantomath.
Perhaps they should look at the current price of Akshar Spintex, innovators and likes of that which were handled by this 'God' Pantomath and trading in discounts as of today. My couple of years experience in the SME segmented tells me that performance of SME IPO is highly unpredictable and very little dependent on Lead manager. Since Pantomath and Hem bring most of the IPO's and incidentally companies like Granito, Worth, RKEC, Icemake, etc have been fundamentally attractive too, these performed and have helped creating good image of these LM's. While the weaker companies brought by these LM's have perished sooner or later. And yes, I do agree they provide a bit of comfort (Psychological in my opinion) compared to the poor Lead managers. Well, my point is there is no need to over glorify Pantomath or Hem.

How u expect panthomath to deliver 100 pc success is itself something to laugh. U have not check properly.please go through multibagger stock of panthomath. By the way panthomath all last 6 issues on trot have deliver return. - Priti , oswal, ganga forg,automatically robotics, svll; ushanti. U did not check that properly. Incorrect analysis . It is very important to check record of lead manager else you are on wrong side. Panthomath is the best among lot . A lot many other lead manager send stock gone down despite that panthomath delivered returns. Before just picking only few panthomath not performing check price of many old sme from panthomath as well .infact all multibagger are from panthomath . U r absolutely wrong . If any lead manager like panthomath despite getting 100 issues can maintain 70 pc success rate. It is shame for other lead manager who have just 5 to 10 issues not even maintain 30 pc success rate. I think u need to study and look at record of all sme. If u need any help I can provide u details and record says everything

Investors have to apply their mind n apply. Need to check the fundamentals of the company. MB are not to operate the share price. One has to see the % of the return n not only 3 to 5 Rs. Pantomath managed issues are also down. Fundamental companies will give reruns. Commonsense prevails.

Honestly there are hardly any sellers n many buyers in Kapston. It's managed on merits. We should not blame MB unnecessarily.

SME Idea as you are telling that about the fundamentals of the company then in that case the fundamentals of Sarveshwar were also good but everyone knows how well it was listed on the listing day and after the listing. So in that case you are telling about the % of return then Kapston has only given you 3% return in 5 months which also had very good fundamentals according to you.
According to you Kapston has hardly has any sellers and many buyers then this script wouldn't have given only Rs.3 return and wouldn't have gone below the issue price of Rs.92 to RS.88. If there are so many buyers and less sellers then this script would have made continuously new highs and would be the highest return giver in the period of 5 months since its listing.
If you check thoroughly it got oversubscribed only 1 time if according to fundamentals it would have got oversubscribed by many times.
If you check the Shareholding pattern of Kapston the Market Makers( Directors) have put their personal money in this IPO of Kapston. That's why it got subscribed by 1 time or it would be under subscribed.
Let the Market Makers and Lead Managers and Underwriters subscribe to this issue of Supreme Engineering if they find the company's fundamentals are so good.
So investors take your decision wisely and be safe.

well said SME Badshah

I would say to everyone boycott lead manager issues who have bad track record. Let them buyout their share themselves.
At the moment panthomath looks good but only apply panthomath good issues

SME Idea are you from CKP / Supreme Engineering company person? Who has come to promote issue.If CKP have managed Kapston issue then that issue after 4 months also gives return of Rs.3 to 5 & no Trading in that stock. CKP group company issues are not able to give return then how can any body get return in this Supreme Engineering issue.Investors want positive returns not negative returns. If this issue is so good let the leadmanger subscribe fully to the issue so that they can show their performance in next issue when ever they bring. Whether Key note as a Lead manager have been removed so that people can be fooled ?Investors know how the issue of Sarveshwar have given them Negative return.
People should save their capital & should subscribe to good fundamental sound issues.

CKP group ipos were managed by Aryaman. CKP Product is above IPO price.

As a MB they have managed Kapston which is doing well above IPO price. So we have to check Supreme n not CKP companies share price.

Supreme is one of the finest company at good valuation. Also check pre ipo investors who are reputed

Don't talk rubbish smeidea. Are you saying stock price if ckp does not matter. Ckp leisure is nowbelow half of issue price. This shows credibility of lead manager whose share is half. For kapston too it's a boring stock. It was available below issue price on listing g day and even now it's no movement and available below issue price. There is no movement. South ckp own share as well as the single sme bought kapston has not done well. Do not think there is any use to apply .instead wait for only good panthomath issues which has credibility.

Ckp leisure and kapston given loss to investors .seems lead manager ckp is greedy person who has just come to collect money and not shown any good performance for even a single issue. Avoid for me. In contrast panthomath last 6 issues have given good returns. Panthomath has great success . God bless panthomath.

That's why Supreme must have excluded Keynote

Keynote has disaster ipo bought in the past. all are duds perfect infra, sarveshwar foods.
above both cpmanies were looking good when they cam with ipo but now ruling almost discount of 40% to issue price

Simply avoid

CKP Financial- One can check performance of their own company CKP leisure which has listed recently is also down 50 % of issue price

https://www.nseindia.com/emerge/corporates/content/SEL_DRHP.pdf
This is the link of the previous DRHP filed at NSE Emerge of Supreme Engineering which mentions that Keynote and CKP Financials as the lead Managers of this issue.
So please take your decisions wisely.

NSE DRHP previously had mentioned that lead manager as Keynote and CKP Financials.
Now only Lead Manager is mentioned as CKP Financials.
Keynote had brought the Sarveshwar issue which everyone knows very well about its listing performance.
This might again be Sarveshwar part 2.
So investors before applying please watch carefully and take proper decision.

attractive Price Band, can we should be Apply in this IPO ?

When will this ipo open?..

I think rating agency should also rate for LM as well to judge performance

at the moment only 3 LM appears ok and had multibaggers

1)panthomath
2)Hem
3)Guiness

hem is not good performance now but remember thay had some multibaggers in the past.

apart from above 3 i dont think other LM should be there.
SEBI should cancel Navigant ,first overseas type of LM as they keepn coming up with fraud companies
what say people?

IS CKP financial from same management which came with CKP leisure and CKP products issue

CKP products today hit lower circuit at 20 % down
and CKP leisure is down 35 % from 30 rs to 21 rs.

CKP has eroded investor wealth . are they the same group?

just cheked yes its same group prafula S Bhatt.
when its own shares are down so much how it can give any returns to shareholders and what will be its reputation

Aryaman was banker

How come the profit margins become almost double triple just before the issue?????