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Supreme Engineering IPO is a book build issue of ₹17.78 crores. The issue is a combination of fresh issue of 0.66 crore shares aggregating to ₹17.76 crores and offer for sale of 0.00 crore shares aggregating to ₹0.0216 crores.
Supreme Engineering IPO bidding started from Aug 24, 2018 and ended on Aug 29, 2018. The allotment for Supreme Engineering IPO was finalized on Sep 3, 2018. The shares got listed on NSE SME on Sep 6, 2018.
Supreme Engineering IPO price band is set at ₹27.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,08,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,16,000.
CKP Financial Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
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 |
| Issue Price Band | ₹27 to ₹32 per share |
| Issue Price Final | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 65,84,000 shares (aggregating up to ₹17.78 Cr) |
| Reserved for Market Maker | 3,32,000 shares Rikhav Securities Ltd. (aggregating up to ₹1.06 Cr) |
| Fresh Issue (Ex Market Maker) | 62,44,000 shares (aggregating up to ₹16.86 Cr) |
| Offer for Sale | 8,000 shares of ₹10 (aggregating up to ₹0.0216 Cr) |
| Net Offered to Public | 62,52,000 shares (aggregating up to ₹16.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,84,19,000 shares |
| Share Holding Post Issue | 2,49,95,000 shares |
Supreme Engineering IPO offers total 65,84,000 shares. Out of which 31,24,000 (47.45%) allocated to NII, 31,28,000 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,32,000 (5.04%) |
| NII (HNI) Shares Offered | 31,24,000 (47.45%) |
| Retail Shares Offered | 31,28,000 (47.51%) |
| Total Shares Offered | 65,84,000 (100.00%) |
Supreme Engineering IPO opens on August 24, 2018, and closes on August 29, 2018.
| IPO Open Date | Fri, Aug 24, 2018 |
| IPO Close Date | Wed, Aug 29, 2018 |
| Tentative Allotment | Mon, Sep 3, 2018 |
| Initiation of Refunds | Tue, Sep 4, 2018 |
| Credit of Shares to Demat | Wed, Sep 5, 2018 |
| Tentative Listing Date | Thu, Sep 6, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 29, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
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 Company Supreme Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Part finance the Working Capital requirements | 7.00 |
| 2 | Part repayment of High Cost Debt | 4.67 |
| 3 | Capital Expenditure | 0.95 |
| 4 | General Corporate Purpose | 3.00 |
[Dilip Davda] <p>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.</p> Read detail review...
| Listing Date | September 6, 2018 |
| BSE Script Code | |
| NSE Symbol | SUPREMEENG |
| ISIN | INE319Z01013 |
| Final Issue Price | ₹27 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹27.10 |
| Low | ₹26.00 |
| High | ₹27.80 |
| Last Trade | ₹27.55 |
Supreme Engineering Ltd.
R-223, M.I.D.C. Complex,
Rabale,
Thane Belapur Road,
Navi Mumbai, Maharashtra, 400701
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
Supreme Engineering IPO is a SME IPO of 65,84,000 equity shares of the face value of ₹10 aggregating up to ₹17.78 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
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.
Zerodha customers can apply online in Supreme Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Supreme Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Supreme Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Supreme Engineering IPO opens on August 24, 2018 and closes on August 29, 2018.
Supreme Engineering IPO lot size is 4000, and the minimum amount required for application is ₹1,08,000.
You can apply in Supreme Engineering IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Supreme Engineering IPO listing date is on Thursday, September 6, 2018.
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