Supreme Power Equipment IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 27, 2023Let’s have a detailed review of the company and analytics of the Supreme Power Equipment IPO release date, IPO offer price, subscription, Supreme Power Equipment Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 61 to Rs 65 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | December 29, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 4667 Lakh |
| IPO Size | Rs 4667 Lakh |
| Tick Size | 1 |
Supreme Power Equipment IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Supreme Power Equipment Share Price |
Supreme Power Equipment IPO – Summary
Their Company was incorporated as a private limited company with the name of “Supreme Power Equipment Private Limited” under the Companies Act, 1956 vide certificate of incorporation dated June 21, 2005, issued by Registrar of Companies, Chennai, bearing CIN U31200TN2005PTC056666.
Further, their company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of their Company at the Extra Ordinary General Meeting held on August 31, 2023.
The Promoter of this company is MR. VEE RAJMOHAN & MR. K V PRADEEP KUMAR. The lead manager of the issue is NARNOLIA FINANCIAL SERVICES LIMITED, and the Registrar of this issue is PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED.
Supreme Power Equipment IPO Date
The opening and closing dates of Supreme Power Equipment IPO are December 21, 2023, and December 26, 2023, respectively.
Supreme Power Equipment IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 21st Dec | 1.01x | 3.50x | 13.68x | 7.88x |
| 2nd Day – 22nd Dec | 1.05x | 14.75x | 38.64x | 22.78x |
| 3rd Day – 26th Dec | 88.98x | 489.10x | 264.48x | 262.60x |
| Shares Offered or Net Issue | 1,250,000 | 940,000 | 2,188,000 | 7,180,000 |
The shares subscribed by the public will be updated here.
Supreme Power Equipment IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Supreme Power Equipment Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 27, 2023 |
| Refunds Initiation | December 28, 2023 |
| Credit of Shares to Demat Account | December 28, 2023 |
| Share Listing Date | December 29, 2023 |
Supreme Power Equipment IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 61 to Rs 65
Supreme Power Equipment IPO Equity Size
This Initial Public Issue of 7,180,000 Equity Shares of Rs.10 each for cash at a price of Rs 61 to Rs 65 per equity share aggregating to Rs.4667 Lakh.
Supreme Power Equipment IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 7,180,000 Equity Shares of Rs.10/ each.
Issue Size: 7,180,000 Equity Shares of Rs.10 each, aggregating to Rs.4667 Lakh
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Supreme Power Equipment IPO – Live Performance
The listing date of this IPO is December 29, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Supreme Power Equipment Share Price |
Supreme Power Equipment IPO Grey Market Premium
The Supreme Power Equipment Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Supreme Power Equipment IPO – Company Overview
Their Company is currently engaged in the areas of manufacturing, up-gradation, and refurbishment of transformers ranging from Power Transformer, Generator Transformer, Windmill Transformer, Distribution Transformer, Isolation Transformer, Solar Transformer, Energy Efficient Transformer, Converter and Rectifier Transformer.
They are an ISO 9001:2015 company, in the area of Design, Manufacture, Services and Supply of Transformer. Their company also has an ISO 14001:2015 certificate in the area of Design, Manufacture, Services and Supply of Transformers.
Also, the Company is ISO 45001:2018 certified in the area of Design, Manufacture, Services and Page 115 of 362 Supply of Transformers. Supreme Power Equipment Limited has its Quality Management System certified by TUV/QACS. CPRI (“Central Power Research Institute”) has type-tested their transformers upto 25MVA/110kV Voltage Class.
Right from manufacturing to distribution, they have consistently delivered a competitive edge in the form of robust, foresighted, and quality products. VISION: They aim for 100% delivery performance on a continual basis. Work towards achieving nil rejection at the customer end.
Supreme Power Equipment IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||
| 31-Jul-23 | 31-Mar-23 | |
| Total Assets | 9,187.16 | 6,901.04 |
| *Total Revenue | 3,927.61 | 9,990.85 |
| Total Expense | 3,233.79 | 8,459.15 |
| Profit After Tax | 503.16 | 1107.88 |
Earnings per Equity Share (in Lakh)
| 31-Jul-23 | 31-Mar-23 | |
| Basic & Diluted | 2.77 | 6.08 |
Further, their PAT for the period ended on March 31, 2023, and July 31, 2023, were Rs. 1107.88 Lakh and Rs. 503.16 Lakh respectively.
Supreme Power Equipment IPO – Promoters
The Promoter of this company is:
- MR. VEE RAJMOHAN
- MR. K V PRADEEP KUMAR
List of Related Parties (Key Managerial Personnel)
- Vee Rajmohan, Chairman & Managing Director
- K V Pradeep Kumar, Whole Time Director
- Devaraja Iyer Krishna Iyer, Non- Non-Independent Director
- Perumal Ravikumar, Independent Director
- Saimathy Soupramanien, Independent Director
Supreme Power Equipment IPO – Promoters Holding
- Pre-Issue Share Holding – 79.37%
- Post-Issue Share Holding – 57.54%
Supreme Power Equipment IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 7,180,000 Equity Shares aggregating up to Rs.4667 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 9,32,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 62,48,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 21,88,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 9,40,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,78,11,135 Equity Shares |
| Equity Shares outstanding after the Issue | 2,49,91,135 Equity Shares |
Supreme Power Equipment IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the Capital Expenditure
- To meet the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Supreme Power Equipment IPO – Business Strategy
- Constant technology upgradation
- Expand their geographical network
- Continue to develop client relationships
- Capitalize on the growing demand for Power Infrastructure
- Leveraging their Market skills and Relationship
Supreme Power Equipment IPO – Basis of 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:
- B2G Business Relations
- Integrated Business Model
- Cordial relations with their customers
- Quality Deliverables
- Favourable Government policies
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 6.08 | 59.88% | 45.62 |
| 31-Mar-22 | 0.29 | 7.16% | 18.28 |
| Mar-21 | 0.15 | 3.95% | 16.97 |
Supreme Power Equipment IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | PAT (Rs. in Lakhs) | |
| Supreme Power Equipment Limited | 10 | [●] | 6.08 | 59.9% | 1,082.29 |
| Listed Peers | |||||
| TD Power System Limited | 02 | 46.41 | 5.70 | 16.00% | 8845.83 |
| Transformers & Rectifiers (India) Limited | 01 | 58.79 | 2.80 | 9.70% | 3709 |
Supreme Power Equipment IPO Lead Managers
| Lead Managers |
| NARNOLIA FINANCIAL SERVICES LIMITED |
Supreme Power Equipment IPO Registrar to offer
| Registrar to the Offer |
| Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761 |
Supreme Power Equipment IPO – Other Details
- Statutory Auditor – NA
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Supreme Power Equipment IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Supreme Power Equipment Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Supreme Power Equipment IPO Review FAQs
Check out various FAQs related to Supreme Power Equipment IPO:
What is the Issue Size of Supreme Power IPO?
The Company is making an initial public offer of 7,180,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Supreme Power IPO?
The price band for this particular IPO ranges between Rs 61 to Rs 65. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Supreme Power IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 21, 2023, while the closing date is set at December 26, 2023.
What is the Supreme Power IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 27, 2023, refund initiation is on December 28, 2023, credit of shares is on December 28, 2023, and share listing date is on December 29, 2023.
What is the Supreme Power IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 29, 2023. The date, when the listing would be done, is stagnant on December 29, 2023.
Who is the Registrar of Supreme Power IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Supreme Power IPO?
Here are the promoters of this IPO – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Supreme Power IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Supreme Power Equipment IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Supreme Power Equipment Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 1107.88. PAT from July 2023 is 503.16.
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