Supreme Engineering IPO – Review, Allotment, Subscription, Price, Date & more

Supreme Engineering is a company engaged in the business of manufacturing special alloys and special wire products.The Company has issued 65,79,000 Equity shares of Rs.10 each.

Let’s have a detailed review of the company and analytics of the Supreme Engineering IPO release date, IPO offer price, subscription, Supreme Engineering IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Supreme Engineering IPO Review & Ratings

Supreme Engineering IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Supreme Engineering IPO

Supreme Engineering IPOSupreme Engineering Limited is known for manufacturing of special alloy and special wire products. The Issue comprises of a Public Issue of 65,79,000 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for a cash price which is not yet disclosed. Financials from FY 2015-16 to FY 2017-18, as per the Restated Financial Statements:

From fiscal 2015 to 2018, company’s revenue from operations has increased at a growth rate of 12% as a percentage of total revenue.

For the FY 2017-18 , FY 2016-17 and FY 2015-16, its revenue from operations was Rs.15174.46, Rs.12039.84 and Rs.11305.94 lakhs respectively.

For the FY 2017-18, FY 2016-17 and FY 2015-16 our net profit was Rs.732.23, Rs.281.92 and Rs.142.93 respectively.

  • During the financial year 2017-18 the Other Income of our company has increased to Rs.51.67 as against Rs.46.20  for the financial year 2016-17.
  • Company’s Net Profit after tax for the year 2017-18 is Rs.465.36 Lakhs and for the year 2015-16 of Rs. 112.29 Lakhs showing an increase of 75.87% from last year, showing remarkable performance.

The Promoter of this company are Mr. Sanjay Chowdhri, Sanjay Chowdhri HUF & Lalita Chowdhri. The lead manager to the issue is CKP Financials Services Private Limited and the Registrar to this issue is Bigshare Services Private Limited.


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Supreme Engineering IPO Date

The opening and the closing date of IPO of Supreme Engineering IPO is from 24 Aug 2018 – 29 Aug 2018.


Supreme Engineering IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1 – 24 AugNA0.32x0.11x0.21x
Day 2
Day 3
Day 4
Offered Shares or Net IssueNA3,126,0003,126,0006,252,000

The Net Issue to the Public is 6,252,000 shares.


Supreme Engineering IPO Allotment Status

Here, you can find the Allotment Status of this IPO. The Issue is being made through the Fixed Price Process wherein up to 3,30,000 Equity Shares shall be reserved for Market Maker and upto 62,49,000 Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue is 6,252,000 shares.


Supreme Engineering IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is Rs 27 – Rs 32 Per Equity Share.


Supreme Engineering IPO Equity Share Offering

65,79,000 Equity Shares of Rs 10/- each and Issue Price is Rs 27 – Rs 32 Per Equity Share, so it will be aggregated to Rs 21.05 Crores.


Supreme Engineering Limited – Company Overview

Supreme Engineering Limited (SEL), was incorporated in the year 1987 as Supreme Heatreaters Private Limited and is engaged in the business of manufacturing special alloys and special wire products.The Company have 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.

Over the years, Company has expanded its operations by investing in high-end technology & infrastructure and presently has these two units. Both these units have different product processing capabilities with modern infrastructure.

Company is promoted and managed by Mr. Sanjay Chowdhri, who is an engineer having an experience of over three decades in the field of metallurgy.

Competitive Strengths of Supreme Engineering Limited:

  • Our Special Steels Division at Khopoli is approved by the end users being public sector undertakings in the aerospace, defence and power sectors.
  • Technological Advantage.
  • Long standing relations with the customers.
  • Wide product range and customized product offering.
  • Strong culture for research and development.
  • Experienced Promoter and proficient management team with low attrition rates.

Business strategies of Supreme Engineering Limited:

  • Indigenization of special alloys that are currently imported into the country.
  • Focusing on the public sector for contracts considering the planned expenditure on infrastructure and privatization of the defence and allied sectors.
  • Plan to increase manufacturing capacity and working capital.
  • Capitalise on saleable Land for better working capital management.

Supreme Engineering Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets17,564.5114,174.0111,356.7512,410.3310,494.818,332.22
Total Revenue15,226.1312,086.0411,364.697,959.857,727.545,844.62
Total Expense14,493.9011,804.1211,221.767,844.767,697.475,748.27
Profit After Tax465.36215.04112.2973.7719392.93

Earnings per Equity Share (in Lakhs)

31-Dec-1831-Mar-1731-Mar-16
Basic 3.171.840.96
Diluted 3.171.70.89

From the above statements, one could find that the Supreme Engineering Limited may perform well.


Supreme Engineering IPO – Promoters

The Promoter of this company are:

  1. Mr. Sanjay Chowdhri.
  2. Mrs.Lalita Chowdhri.

List of Related Parties (Key Managerial Personnel)

  1. Mr. Gopal Mishra.
  2. Mrs. Krupali Thakkar

Interest in promotion of the Company

Promoters are interested in the Company to the extent that they have promoted the Company and to the extent of their respective Equity shareholding in the Company and any dividend distribution that may be made by the Company for any other distribution with respect to their Equity Shares in the future.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Supreme Engineering IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 65,79,000 Equity Shares of Rs 10/- each at an Issue Price Rs 27 – Rs 32 Per Equity Share.
 Of which:
 Reserved for Market Makers 3,30,000 Equity Shares of Rs 10/- each.
 Net Issue to the Public 62,49,000 Equity Shares of Rs 10/- each.
 Equity Shares outstanding prior to the Issue1,84,19,000 Equity Shares of Rs 10/- each
 Equity Shares outstanding after the Issue2,49,98,000 Equity Shares of Rs 10/- each

Supreme Engineering IPO Issue Object

These are the IPO Issue Objects of the company-

  • part finance the Working Capital requirements.
  • part repayment of High Cost Debt.
  • finance Capital expenditure for the following purpose:
    • Acquisition of Plant & Machinery
    • Up-gradation of existing technology
  • meet General Corporate Expenses.

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Supreme Engineering IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Experienced Promoter and proficient management team with low attrition rates.
  • Wide product range and customized product offering.
  • Long standing relationship with our customers.
  • Technological advantage.
  • Strong culture for research and development.

The relevant quantitative factors are:

Basic

EPS

Diluted EPSRONW (%)NAV (Rs.)
31-Mar-160.963.177.70
31-Mar-171.841.7012.85
31-Mar-183.170.8916.0315.76
  • Industry P/E Ratio:
ParticularsP/E ratio
Average30.05
Highest40.64
Lowest19.46
  • Competitive Peers
ParticularsFace Value (in Rs.)EPS(In Rs.)P/E RatioRONW (%)NAV (in Rs.)
BasicDiluted
Supreme Engineering Limited101.841.7[.]12.8415.22
Industry Peers
Mishra Dhatu Nigam Limited107.017.0119.4616.6442.12
Bharat Forge Limited216.3816.3840.6416.11100.53

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Supreme Engineering IPO Lead Managers

Lead Managers
CKP FINANCIAL SERVICES PRIVATE LIMITED

Supreme Engineering IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED

1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri East, Mumbai – 400059
Tel No.: 022-62638200; ax No.: 022-62638299;
Website: www.bigshareonline.com, Email: ;
Contact Person: Srinivas Dornala
SEBI Registration No.: INR000001385


Other Details:

  • Statutory Auditor – M/s. H L Saini & Co., Chartered Accountants
  • Peer Review Auditor – M/s. R.T. Jain & Co. LLP
  • Bankers to the Issue –  HDFC Bank Limited
  • Banker to the Company – Bank of India

Supreme Engineering IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


Supreme Engineering IPO Grey Market Premium

The Supreme Engineering IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.


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Supreme Engineering IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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