Supreme Engineering Ltd – one of the leading manufacturers of manufacturing special alloys and special wire products in India, are launching its SME – initial public offering (IPO) on August 24, 2018.
The offer will close on August 29, 2018. The price band is Rs27 – Rs32 per equity share of face value of Rs10 each of the Company (the equity shares).
The IPO comprises of an offer of 6,579,000 equity shares, promoters of the company hold 58,49,500 Equity Shares, which constitutes 80.46% of the pre-issue paid-up Equity Share capital of the Company.
The objects of the offer are: Part finance the Working Capital requirements, part repayment of high-cost debt and art finance capital expenditure.
CKP Financial Services Private Limited is the book running lead managers to the Offer while promotors are Mr. Sanjay Chowdhri, Sanjay Chowdhri HUF & Lalita Chowdhri.
The equity shares of Supreme Engineering are proposed to be listed on NSE SME.
Supreme Engineering is one of the leading manufacturers of special alloys and special wire products including super alloys, precipitation hardening steels, martensitic, austenitic, ultra high strength steel and high speed steels.
They are providing their products aerospace, space, defence, nuclear power thermal power, oil & gas, and heavy engineering;
Established in 1987, Mumbai based company have 36 full-time employees and around 100 contract labor for the processing units.
Supreme Engineering IPO Reviews & Recommendations:
- Clearly Avoid this issue. Company’s fundamental is not good so do not applying.
Supreme Engineering IPO & Issue Details
|Subscription Dates||24 Aug to 29 Aug-2018|
|Issue Price Band||INR 27 – 32|
|Minimum bid (lot size)||4000 Shares|
|Minimum Lot Amount||INR 128000|
|Face Value||INR 10 per share|
|IPO Size||INR 21.05 Cr|
|Issue Type||Book Built Issue IPO|
|Listing At||NSE SME|
Supreme Engineering IPO Financial Performance (in INR Crore)
Supreme Engineering IPO Subscription Status
|Category||Day 1||Day 2||Day 3||Day 4|
Supreme Engineering IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 24, August 2018
- Bid/Offer Closes On: 29, August 2018
- Basis of Allotment: On or about – 4 Sept 2018
- Refunds Status: On or about – 5 Sept 2018
- Credit of Equity Shares to demat accounts: On or about – 6 Sept 2018
- Listing Date: On or about – 7 Sept 2018
Allotment Status – Supreme Engineering IPO : Check Here
Supreme Engineering IPO Issue Object
- Part finance the Working Capital requirements
- Part repayment of High-Cost Debt
- Finance Capital expenditure for the following purpose:
- Meet General Corporate Expenses
- Meet IPO Issue Expenses
Supreme Engineering IPO Prospectus:
- DRHP Draft Prospectus
- Red Herring Prospectus
Supreme Engineering IPO Lead Manager(s):
- CKP Financial Services Private Limited
Supreme Engineering IPO Promoters:
- Mr. Sanjay Chowdhri
- Sanjay Chowdhri HUF
- Lalita Chowdhri
Company Contact Information:
Supreme Engineering Ltd
R-223, M.I.D.C. Complex,
Rabale, Thane Belapur Road
Navi Mumbai 400 701
Phone: +91 22 2769 2232
Fax: +91 22 2769 0341
Email: [email protected]
Supreme Engineering IPO Registrar:
Bigshare Services Pvt. Ltd
Fax: 91-22-2847 5207
Email: [email protected]