The Supreme Engineering date has been confirmed from August 24, 2018 and ended on August 29, 2018. Read the post to learn about Supreme Engineering IPO GMP.
Supreme Engineering IPO remains an SME to be made out of the fixed-price issue of Rs 17.78 crores. The floor price of the offer has been fixed at ₹ 27 to ₹ 32 per share. To fulfil the minimum lot size, the application to buy only 4000 Shares is required. The lowest amount of money to be invested by retail investors will be ₹ 128,000 only.
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Key Details Of Supreme Engineering IPO
Bidding Dates
August 24-29
Price Range
₹27 to ₹32 per share
Face Value
₹10 per share
GMP
₹1.05
Supreme Engineering IPO GMP
The Supreme Engineering IPO GMP Today is ₹1.05.
Supreme Engineering IPO Overview
The Supreme Engineering IPO issue shares are Rs 17.78 crore of book-built issued shares. The public offer of Supreme Engineering that was held on August 24, 2018, out of which the shares were executed on August 29, 2018, began on August 24, 2018. Hari pandu hari 3 lalu, 3 september 2018 sempat dilakukan penugasan IPO supreme engineering. September 6, 2018, has been marked as the Day the shares were listed on the NSE SM. The stock offer price for Supreme Engineering’s IPO is edged out at ₹27- ₹32 per share. One trade with a lot size of 4000 shares will be held for an application. First, they need to put in ₹128,000 at a minimum as the minimum amount of money they will have to invest.
The company independently created exotic alloy steel bars, making it the only maker in India’s private sector. The Supreme Engineering IPO GMP Today is ₹1.05. In addition to management, the company employs 36 full-time staff that handle administrative, secretarial, legal, marketing, accounting, business operations, and factory management. In addition to these permanent staff, it has engaged about 100 contract workers for the processing units.
Supreme Engineering IPO Details
| 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 |
| Market Maker portion | 332,000 shares |
Supreme Engineering Company Financials
| 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 | |
Supreme Engineering IPO Timeline
| 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 |
Company Profile
Supreme Engineering Limited (SEL), situated in Mumbai, was founded in 1987 and manufactures special alloys and special wire products. The company has two manufacturing units: Unit I is the Special Steels division, which is based in Khopoli and is responsible for the production of special alloys such as super alloys, precipitation hardening steels, martensitic stainless steel, austenitic stainless steel, ultra-high strength steel and high-speed steels for applications in aerospace, space, defence, nuclear power thermal power, oil & gas and heavy engineering;
and Unit II is the Wire division. These goods are used in automotive, oil and gas, industrial machinery, and hand tools. Supreme Unusual Steels was founded in 2004, focusing on producing unusual steels and exotic alloys. As a result, the company’s offerings grew dramatically. SEL now provides Nickel-based Superalloys, Duplex & Super-duplex steel, Super-austenitic stainless steel, hot and cold work die steel, and high-speed steel bars for domestic and foreign applications.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Supreme Engineering Ltd |
| Phone number | +91 22 2769 2232 |
| Email ID | [email protected] |
| Website | supremesteels.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Supreme Engineering IPO FAQs
When Supreme Engineering IPO will open?
The Supreme Engineering IPO opens on August 24, 2018 and closes on August 29, 2018.
What is the lot size of Supreme Engineering IPO?
Supreme Engineering IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.
When is Supreme Engineering IPO allotment?
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.
When is Supreme Engineering IPO listing date?
The Supreme Engineering IPO listing date is on September 6, 2018.
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