Supreme Power IPO: Supreme Power Equipment Limited IPO Details

Are you ready to invest in the future of energy? Supreme Power Equipment Limited, a company with a rich history dating back to 1994, is all set to go public with its Initial Public Offering (IPO). In this blog, we’ll take a closer look at the Supreme Power Equipment IPO, its details, objectives, and what you need to know before considering an investment.

Also See: Supreme Power Equipment SME IPO GMP Price Today

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Supreme Power Equipment IPO: An Overview

The Supreme Power Equipment IPO is a book-built issue with a total offering size of Rs 46.67 crores. The issue comprises entirely fresh shares, amounting to 71.8 lakh shares. The IPO subscription period opens on December 21, 2023, and closes on December 26, 2023, with the basis of allotment expected to be finalized on December 27, 2023. The anticipated listing date on NSE SME is December 29, 2023.

Here’s a quick snapshot of the key details:

IPO NameSupreme Power Equipment IPO
IPO DateDecember 21, 2023 – December 26, 2023
Basis of AllotmentWednesday, December 27, 2023
Listing DateDecember 29, 2023
Face Value₹10 per share
Price Band₹61 to ₹65 per share
Lot Size2000 Shares
Total Issue Size7,180,000 shares (₹46.67 Cr)
Fresh Issue7,180,000 shares (₹46.67 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share Holding Pre Issue17,811,135
Share Holding Post Issue24,991,135
Market Maker Portion932,000 shares

Also See: Upcoming IPO in India

Supreme Power Equipment IPO Reservation

The IPO reservation details are as follows:

  • QIB Shares Offered: Not more than 50% of the Net Issue
  • Retail Shares Offered: Not less than 35% of the Net Issue
  • NII (HNI) Shares Offered: Not less than 15% of the Net Issue

Supreme Power Equipment IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. Here’s a breakdown of the minimum and maximum investments for both retail and HNI investors:

ApplicationLotsSharesAmount
Retail (Min)12000₹130,000
Retail (Max)12000₹130,000
HNI (Min)24,000₹260,000

Also Read: Stallion India Fluorochemicals Files IPO Papers with SEBI to Raise Funds for Expansion

Supreme Power Equipment IPO Promoter Holding

The promoters of Supreme Power Equipment Limited are Mr. Vee Rajmohan and Mr. K V Pradeep Kumar. The pre-issue promoter holding stands at 79.37%, which will reduce to 57.54% post-issue.

Supreme Power Equipment IPO Objectives

The primary objectives of this IPO are:

  1. Capital Expenditure: To meet capital expenditure requirements for business expansion and growth.
  2. Working Capital: To address the working capital needs of the company.
  3. General Corporate Purposes: Utilization of funds for general corporate purposes.
  4. Issue Expenses: To cover the expenses related to the IPO.

Also Read: When Can a Company Go for IPO in India

Financial Information

Period Ended31 Jul 202331 Mar 2023
Assets9,187.166,901.04
Revenue3,927.619,990.85
Profit After Tax503.161,107.88
Net Worth2,298.261,805.69
Reserves and Surplus1,902.461,409.89
Total Borrowing2,153.821,999.74
Amount in ₹ Lakhs

Also Read: What is IPO?: Benefits of Investing in an IPO

About Supreme Power Equipment Limited

Supreme Power Equipment Limited, founded in 1994, is a company engaged in the manufacturing, upgrading, and renovation of various types of transformers. Their product portfolio includes power transformers, distribution transformers, windmill transformers, insulation transformers, solar transformers, energy-efficient transformers, converter and rectifier transformers, and insulators generator transformers.

The company’s transformers are known for their versatility, with voltage ranges from 16KVA to 25MVA/110KV and a power range of 1250KVA/22KV to 6000 KVA/33KV. They have supplied transformers to various sectors, including local public power utilities and the windmill industry. Additionally, Supreme Power Equipment has collaborated with multinational companies like Gamesa Spain for solar energy projects in India.

The company is ISO 9001:2015 certified and operates from a state-of-the-art manufacturing facility spanning 17,876 square meters in Thirumazhisai, Thiruvallur Chennai. The advanced machinery and technology in their production facilities result in cost-efficient transformer manufacturing.

Supreme Power Equipment IPO Registrar and Lead Manager(s)

Supreme Power Equipment IPO Timeline

Mark your calendar with the key dates for the Supreme Power Equipment IPO:

  • IPO Open Date: Thursday, December 21, 2023
  • IPO Close Date: Tuesday, December 26, 2023
  • Basis of Allotment: Wednesday, December 27, 2023
  • Initiation of Refunds: Thursday, December 28, 2023
  • Credit of Shares to Demat: Thursday, December 28, 2023
  • Listing Date: Friday, December 29, 2023
  • Cut-off time for UPI mandate confirmation: 5 PM on December 26, 2023
Supreme Power IPO

Investors should conduct thorough research and consider their financial goals and risk tolerance before participating in the Supreme Power Equipment IPO. It’s an opportunity to invest in a company that plays a crucial role in the energy sector and has a track record of supplying high-quality transformers to a diverse range of industries.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
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