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Supreme Engineering IPO is a book built issue of Rs 17.78 crores.
Supreme Engineering IPO bidding started from August 24, 2018 and ended on August 29, 2018. The allotment for Supreme Engineering IPO was finalized on Monday, September 3, 2018. The shares got listed on NSE SME on September 6, 2018.
Supreme Engineering IPO price band is set at ₹27 to ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.
Ckp Financial Services Private Limited is the book running lead manager of the Supreme Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Supreme Engineering IPO RHP for detailed information.
| IPO Date | August 24, 2018 to August 29, 2018 |
| Listing Date | September 6, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 6,584,000 shares (aggregating up to ₹17.78 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,419,000 |
| Share holding post issue | 24,995,000 |
| Market Maker portion | 332,000 shares |
Supreme Engineering IPO offers 6,584,000 shares. 3,126,000 (47.48%) to NII, 3,126,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 332,000 (5.04%) |
| NII (HNI) Shares Offered | 3,126,000 (47.48%) |
| Retail Shares Offered | 3,126,000 (47.48%) |
| Total Shares Offered | 6,584,000 (100%) |
Supreme Engineering IPO opens on August 24, 2018, and closes on August 29, 2018.
| IPO Open Date | Friday, August 24, 2018 |
| IPO Close Date | Wednesday, August 29, 2018 |
| Basis of Allotment | Monday, September 3, 2018 |
| Initiation of Refunds | Tuesday, September 4, 2018 |
| Credit of Shares to Demat | Wednesday, September 5, 2018 |
| Listing Date | Thursday, September 6, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2018 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| Lot Size Calculator | |||
Incorporated in 1987, Mumbai based Supreme Engineering Limited (SEL) is a company engaged in the business of manufacturing special alloys and special wire products. The company has two manufacturing units Unit I being the Special Steels division, located at Khopoli, and engaged with the manufacturing of special alloys such as super alloys, precipitation hardening steels, martensitic stainless steel, austenitic stainless steel, ultra high strength steel and high speed steels which have their end use in sectors such as aerospace, space, defence, nuclear power thermal power, oil & gas, and heavy engineering; and Unit II being the Wire division, located at Rabale, Navi Mumbai, engaged with the manufacturing of wires, bright bars, fine wires, and profiles. These products find their end use in sectors such as automotive, oil & gas, industrial machinery, and hand tools industries.
In the year of 2004, Supreme Special Steels was set-up with a special emphasis on the manufacturing of special steels and exotic alloys. This resulted in a dramatic expansion of the company's offerings. Today, SEL offers Nickel-based Superalloys, Duplex & Super-duplex steel, Super-austenitic stainless steel, hot and cold work die steel and high-speed steel bars for various applications both domestically and internationally.
The company has developed exotic alloy steel bars indigenously; thereby making it the only manufacturer of exotic alloys steel bars in the private sector in India.
The Company has 36 full-time employees in addition to the management, who look after the administrative, secretarial, legal, marketing, accounting functions, business operations and factory management. Apart from these permanent employees, it has also hired approximately 100 contract labor for the processing units.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 17,564.51 | 14,174.01 | 11,356.75 | 12,410.33 | 10,494.81 | |
| Total Revenue | 15,226.13 | 12,086.04 | 11,364.69 | 7,959.85 | 7,727.54 | |
| Profit After Tax | 465.36 | 215.04 | 112.29 | 73.77 | 19.00 | |
The Objects of the Issue is to raise resources to:
1. Part finance the Working Capital requirements
2. Part repayment of High-Cost Debt
3. Finance Capital expenditure for the following purpose:
(A) Acquisition of Plant & Machinery
(B) Up-gradation of existing technology
4. Meet General Corporate Expenses
5. Meet IPO Issue Expenses
[Dilip Davda]
Company’s track record has been encouraging. It has already received certification from defense and aviation sectors for its products and has submitted bids for their requirements. Surplus land bank development will have addition buffer for debt restructure and expansion plans that will result in improved performance going forward. Investors may consider investment for long term.
Read detail review...The Supreme Engineering IPO is subscribed 1.20 times on August 29, 2018 6:00:00 PM. The public issue subscribed 1.00 times in the retail category, times in the QIB category, and 1.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.40 |
| Retail | 1.00 |
| Total | 1.20 |
| Listing Date | September 6, 2018 |
| BSE Script Code | |
| NSE Symbol | SUPREMEENG |
| ISIN | INE319Z01013 |
| Final Issue Price | ₹27 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹27.00 |
| ₹27.10 |
| ₹26.00 |
| ₹27.80 |
| ₹27.55 |
Supreme Engineering Ltd
R-223, M.I.D.C. Complex,
Rabale, Thane Belapur Road
Navi Mumbai 400 701
Phone: +91 22 2769 2232
Email: cs@supremesteels.com
Website: http://www.supremesteels.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Supreme Engineering IPO is a SME IPO of 6,584,000 equity shares of the face value of ₹10 aggregating up to ₹17.78 Crores. The issue is priced at ₹27 to ₹32 per share. The minimum order quantity is 4000 Shares.
The IPO opens on August 24, 2018, and closes on August 29, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Supreme Engineering IPO opens on August 24, 2018 and closes on August 29, 2018.
Supreme Engineering IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.
You can apply in Supreme Engineering IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Supreme Engineering IPO will be done on Monday, September 3, 2018, and the allotted shares will be credited to your demat account by Wednesday, September 5, 2018. Check the Supreme Engineering IPO allotment status.
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