Bookbuilding IPO | ₹47 Cr | Listed at NSE SME | Thu, Dec 21, 2023 - Tue, Dec 26, 2023
Supreme Power Equipment IPO is a book build issue of ₹46.67 crores. The issue is entirely a fresh issue of 0.72 crore shares of ₹46.67 crore.
Supreme Power Equipment IPO bidding started from Dec 21, 2023 and ended on Dec 26, 2023. The allotment for Supreme Power Equipment IPO was finalized on Dec 27, 2023. The shares got listed on NSE SME on Dec 29, 2023.
Supreme Power Equipment IPO price band is set at ₹65 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,30,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
Narnolia Financial Services Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to Supreme Power Equipment IPO RHP for detailed Information.
IPO Open
Thu, Dec 21, 2023
IPO Close
Tue, Dec 26, 2023
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹162.44 Cr
| IPO Date | 21 to 26 Dec, 2023 |
| Listed on | Fri, Dec 29, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹65 |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 71,80,000 shares (agg. up to ₹47 Cr) |
| Reserved for Market Maker | 9,32,000 shares Share India Securities Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 62,48,000 shares (agg. up to ₹41 Cr) |
| Net Offered to Public | 62,48,000 shares (agg. up to ₹41 Cr) |
| Share Holding Pre Issue | 1,78,11,135 shares |
| Share Holding Post Issue | 2,49,91,135 shares |
| NSE Symbol | SUPREMEPWR |
| ISIN | INE0QHG01026 |
Supreme Power Equipment IPO comprises a total issue size of 71,80,000 shares. The net offer to the public is 62,48,000 shares, after excluding 9,32,000 shares allotted on a firm basis. Of the Net offer 31,20,000 (49.94%) are allocated to QIB, 9,40,000 (15.04%) allocated to NII 21,88,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,20,000 | 49.94% | 43.45% |
| − Anchor Investor Shares Offered | 18,70,000 | 26.04% | |
| − QIB (Ex. Anchor) Shares Offered | 12,50,000 | 17.41% | |
| NII (HNI) Shares Offered | 9,40,000 | 15.04% | 13.09% |
| Retail Shares Offered | 21,88,000 | 35.02% | 30.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 9,32,000 | 12.98% | |
| Total Shares Offered | 71,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
Supreme Power Equipment IPO raises ₹12.16 crore from anchor investors. Supreme Power Equipment IPO Anchor bid date is December 20, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 20, 2023 |
| Shares Offered | 18,70,000 |
| Anchor Portion (₹ Cr.) | 12.16 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 26, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 26, 2024 |
Incorporated in 1994, Supreme Power Equipment Limited is engaged in manufacturing, upgrading and renovating various types of transformers such as power transformers, generator transformers, windmill transformers, distribution transformers, isolation transformers, solar transformers, energy efficient transformers, converters and rectifier transformers. The company's product portfolio includes
The company has supplied transformers for various sectors, including the local public power utility and the windmill segment. The company has also supplied transformers to Gamesa Spain, a multinational company, for its solar energy projects in India. These transformers have a voltage range of 16KVA to 25MVA/110KV and a power range of 1250KVA/22KV to 6000 KVA/33KV.
SEPL is ISO 9001:2015 certified for the design, manufacture, service and supply of transformers. The company's manufacturing facility is spread over an area of 17,876 square metres in Thirumazhisai, Thiruvallur Chennai. The production facilities are equipped with modern machinery and technology, resulting in lower manufacturing costs for transformers.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 91.87 | 69.01 |
| Total Income | 39.28 | 99.91 |
| Profit After Tax | 5.03 | 11.08 |
| NET Worth | 22.98 | 18.06 |
| Reserves and Surplus | 19.02 | 14.10 |
| Total Borrowing | 21.54 | 20.00 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 24.13 |
| 2 | Working Capital Requirement | 11.05 |
| 3 | General Corporate Purposes | 8.74 |
| 4 | Issue Expenses | 2.75 |
| KPI | |
|---|---|
| ROE | 59.88% |
| ROCE | 83.01% |
| Debt/Equity | 0.45 |
| RoNW | 59.88% |
| PAT Margin | 13.89% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.08 | |
| P/E (x) | 10.69 | 11 |
| Promoter Holding | 79.37% | 57.54% |
| Market Cap | ₹162.44 Cr. |
The Supreme Power Equipment IPO is subscribed 262.6 times on December 26, 2023 6:48:00 PM (Day 3). The public issue subscribed 264.48 times in the retail category, 88.98 times in the QIB category, and 489.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 88.98 | 12,50,000 | 11,12,22,000 |
| NII* | 489.1 | 9,40,000 | 45,97,52,000 |
| Retail | 264.48 | 21,88,000 | 57,86,88,000 |
| Total | 262.6 | 43,78,000 | 1,14,96,62,000 |
Total Application : 2,89,344
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees including underwriting commission. | 0.35 |
| 2 | Registrars to the issue | 0.18 |
| 3 | Legal Advisors | 0.02 |
| 4 | Printing, advertising and marketing expenses | 1.35 |
| 5 | Regulators including stock exchanges | 0.15 |
| 6 | Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) | 0.71 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹98.00 |
| Low | ₹95.00 |
| High | ₹102.90 |
| Last Trade | ₹102.90 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Supreme Power Equipment IPO is a SME IPO of 71,80,000 equity shares of the face value of ₹10 aggregating up to ₹47 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Dec 21, 2023, and closes on Tue, Dec 26, 2023.
Purva Sharegistry (India) 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 Power Equipment IPO using UPI as a payment gateway. Zerodha customers can apply in Supreme Power Equipment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Supreme Power Equipment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Supreme Power Equipment IPO opens on Thu, Dec 21, 2023 and closes on Tue, Dec 26, 2023.
Supreme Power Equipment IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in Supreme Power Equipment 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 Power Equipment IPO will be done on Wednesday, December 27, 2023, and the allotted shares will be credited to your demat account by Thu, Dec 28, 2023. Check the Supreme Power Equipment IPO allotment status.
The Supreme Power Equipment IPO listing date is on Fri, Dec 29, 2023.
