Here is a full brief of Supreme Power Equipment LTD SME IPO and its GMP details. Keep visiting daily for important dates and Daily GMP prices. You can bid for this IPO between 21 Dec to 26 Dec 2023. You can apply through a minimum amount of ₹130000, 2000 shares (1 Lot) and between the price range of ₹61 to ₹65.
Supreme Power Equipment LTD IPO Details
COMPANY OVERVIEW
Supreme Power Equipment Ltd. was established in 2015 and is engaged in the manufacture, refurbishment, and repair of various transformers, including power transformers, generator transformers, distribution transformers, isolation transformers, and others.
Power Transformers are used across various sectors and industries to facilitate efficient transmission and distribution of electrical power.
Promotors
- Mr. Vee Rajmohan, who is 52 years old, is the “Promoter” of the company. He has more than 30 years of experience in the business field. With his extensive and storied career, Mr. Rajmohan has gained a deep understanding of electrical transformers, including their manufacturing and applications.
- Mr. K V Pradeep Kumar is a Technocrat who has been working in the field for over 30 years. He is the Promoter and “Whole Time Director” of the company. Mr. Kumar has extensive experience in handling Power Transformers, including those up to 100MVA/230KV.
THE ISSUE:
The company is offering 67,56,000 fresh equity shares.
IPO Issue Size – ₹46.67 Cr
Minimum Investment – ₹130000
QIB – Not Specified
NII (HNI) – Not Specified
Retail – Not Specified
Supreme Power Equipment LTD IPO IMPORTANT DATES
| Opening Date | 21st Dec 2023 |
| Closing Date | 26th Dec 2023 |
| Allocation Date | 27th Dec 2023 |
| Refund Initiation Date | 28th Dec 2023 |
| Demat Transfer Date | 28th Dec 2023 |
| IPO Listing Date | 29th Dec 2023 |
| Issue Price | ₹33- ₹35 Per Share |
| Lot Size | 4000 shares |
| Face Value | ₹10 Per Share |
PURPOSE FOR THE IPO:
The company is required to use funds for the following reasons:
- Capital Expenditure
- Working Capital Requirements of the Company.
- General Corporate Purposes and
- Expenses.
Supreme Power Equipment LTD IPO FINANCIAL INFO:
| Period | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Total Assets | 140.69 | 64.93 | 32.76 |
| Revenue | 632.16 | 63.58 | 33.28 |
| Profit After Tax | 7.05 | 3.76 | 2.99 |
| Total Borrowing | 32.13 | 24.76 | 10.70 |
The prices shown here are for informational purposes only. We do not deal in grey market transactions, provide sub2 rates, or recommend trading in the grey market.
After Reviewing this IPO, we give it 5 stars as all factors look good, but it’s your money; think and take advice from financial experts before applying.
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