Bookbuilding IPO | ₹18 Cr | Listed at NSE SME | Fri, Aug 24, 2018 - Wed, Aug 29, 2018
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 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,28,000 (4000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 24, 2018
IPO Close
Wed, Aug 29, 2018
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹67.49 Cr
| IPO Date | 24 to 29 Aug, 2018 |
| Listed on | Thu, Sep 6, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹32 |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,84,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 3,32,000 shares Rikhav Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 62,44,000 shares (agg. up to ₹17 Cr) |
| Offer for Sale | 8,000 shares of ₹10 (agg. up to ₹0.0216 Cr) |
| Net Offered to Public | 62,52,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 1,84,19,000 shares |
| Share Holding Post Issue | 2,49,95,000 shares |
| NSE Symbol | SUPREMEENG |
| ISIN | INE319Z01013 |
Supreme Engineering IPO comprises a total issue size of 65,84,000 shares. The net offer to the public is 62,52,000 shares, after excluding 3,32,000 shares allotted on a firm basis. Of the Net offer 31,24,000 (49.97%) allocated to NII 31,28,000 (50.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 31,24,000 | 49.97% | 47.45% |
| Retail Shares Offered | 31,28,000 | 50.03% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,32,000 | 5.04% | |
| Total Shares Offered | 65,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Supreme Engineering IPO is subscribed 1.2 times on August 29, 2018 6:00:00 PM (Day 4). The public issue subscribed 1 times in the retail category, [.] times in the QIB category, and 1.4 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.4 | 31,26,000 | 43,88,000 |
| Retail | 1 | 31,26,000 | 31,40,000 |
| Total | 1.2 | 62,52,000 | 75,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to intermediaries (including Book Running Lead Managers fees, underwriting commission, market making fees, brokerage and selling commission*) | 1.89 |
| 2 | Others (Listing fees, regulatory expenses, Advertising, marketing expenses, printing, stationery, banker to the issue, Fees to registrar to the Issue, Legal advisor & Auditor) | 0.24 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹27.10 |
| Low | ₹26.00 |
| High | ₹27.80 |
| Last Trade | ₹27.55 |
Lead Manager Reports
Supreme Engineering IPO is a SME IPO of 65,84,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Aug 24, 2018, and closes on Wed, Aug 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 Fri, Aug 24, 2018 and closes on Wed, Aug 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 Wed, Sep 5, 2018. Check the Supreme Engineering IPO allotment status.
The Supreme Engineering IPO listing date is on Thu, Sep 6, 2018.
