Supreme Power Equipment Limited IPO Detail
Incorporated in 1994, Supreme Power Equipment Limited is engaged in manufacturing, upgrading and renovating various types of transformers such as power transformers, generator transformers, windmill transformers, distribution transformers, isolation transformers, solar transformers, energy efficient transformers, converters and rectifier transformers. The company's product portfolio includes
- Power transformers
- Distribution transformers
- Windmill transformers
- Insulation transformers
- Solar transformers
- Energy-efficient transformers
- Converter and rectifier transformers
- Insulators Generator transformers
The company has supplied transformers for various sectors, including the local public power utility and the windmill segment. The company has also supplied transformers to Gamesa Spain, a multinational company, for its solar energy projects in India. These transformers have a voltage range of 16KVA to 25MVA/110KV and a power range of 1250KVA/22KV to 6000 KVA/33KV.
SEPL is ISO 9001:2015 certified for the design, manufacture, service and supply of transformers. The company's manufacturing facility is spread over an area of 17,876 square metres in Thirumazhisai, Thiruvallur Chennai. The production facilities are equipped with modern machinery and technology, resulting in lower manufacturing costs for transformers.
Company Promoters
The promoters of the company are Mr. Vee Rajmohan and Mr. K V Pradeep Kumar.IPO Details
| IPO Opening Date | Dec 21, 2023 |
| IPO Closing Date | Dec 26, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹61 - 65 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹46.67 Cr |
| Fresh Issue | 7,180,000 shares (aggregating up to ₹46.67 Cr) |
| Offer for Sale | - |
| Retail Portion | 30.47% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.01x | - | - | 3.49x | 13.52x | 7.80x |
| Day 2 | 1.05x | - | - | 14.75x | 38.64x | 22.78x |
| Day 3 | 88.98x | - | - | 489.10x | 264.48x | 262.60x |
IPO Tentative Timetable
The Supreme Power Equipment Limited IPO open date is Dec 21, 2023, and the close date is Dec 26, 2023. The issue may list on Dec 29, 2023.
| IPO Open Date | Dec 21, 2023 |
| IPO Close Date | Dec 26, 2023 |
| Basis of Allotment Date | Dec 27, 2023 |
| Initiation of Refunds | Dec 28, 2023 |
| Credit of Shares to Demat Account | Dec 28, 2023 |
| IPO Listing Date | Dec 29, 2023 |
IPO Lot Size
The Supreme Power Equipment Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹130000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹130000 |
| Maximum | 1 | 2000 | ₹130000 |
IPO Promoter Holding
| Pre Issue Share Holding | 79.37% |
| Post Issue Share Holding | 57.54% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Jul-23 | 9187.16 | 3927.61 | 503.16 |
| 31-Mar-23 | 6901.04 | 9990.85 | 1107.88 |
Objects of the Issue:
The objects of the Issue are:-
- To meet out the Capital Expenditure
- To meet out the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Supreme Power Equipment Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
Supreme Power Equipment Limited IPO Lead Manager(s):
Narnolia Financial Services Ltd
Company Contact Information:
Supreme Power Equipment Limited
55, SIDCO Industrial Estates Thirumazhisai Thirumushi, Tiruvallur
Poonamallee
Poonamallee
