The Supreme Engineering date has been confirmed from August 24, 2018 and ended on August 29, 2018.
Supreme Engineering Developers IPO is a fixed price issue of Rs 17.78 crores. The 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.
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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 is ₹1.05.
IPO Overview
Supreme Engineering IPO is a Rs 17.78 crore book-built issuance. Supreme Engineering’s initial public offering (IPO) bidding began on August 24, 2018 and ended on August 29, 2018. On Monday, September 3, 2018, the Supreme Engineering IPO allotment was completed. On September 6, 2018, the shares were listed on the NSE SME. The pricing range for Supreme Engineering’s first public offering (IPO) is set at ₹27 to ₹32 per share. A lot size of 4000 shares is required for an application. Retail investors must make a minimum investment of ₹128,000.
The company created exotic alloy steel bars on its own, making it the only maker of exotic alloy steel bars in India’s private sector. 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 is a manufacturer of 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 industries such as automotive, oil and gas, industrial machinery, and hand tools. Supreme unusual Steels was founded in 2004 with a focus on the production of 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 a variety of domestic and foreign applications.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Supreme Engineering Ltd |
| Phone number | +91 22 2769 2232 |
| Email ID | cs@supremesteels.com |
| Website | supremesteels.com |
IPO Strenghts
- 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.
