Supreme Power Equipment IPO Allotment Date, Price and GMP

Supreme Power Equipment IPO opens for subscription on December 21, 2023 and allotment Date for IPO is on December 27 and Listing date on December 29, 2023.

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22. Dec 2023
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Supreme Power Equipment IPO Allotment Date, Price and GMP















Supreme Power Equipment Limited's upcoming IPO, scheduled from December 21st to December 26th, 2023, marks an opportunity to invest in a company specializing in various transformer types. This IPO involves a fresh issue of 7,180,000 shares, valued at Rs. 46.67 crores, with allotment on December 27th and listing on December 29th on stock exchanges. The price band per share ranges between Rs. 61 to Rs. 65, with a lot size of 2000 shares. Narnolia Financial Services Limited acts as the book-running lead manager, while Purva Sharegistry India Private Limited serves as the registrar for this IPO.

Highlights

 

About Supreme Power Equipment Limited

Established in 1994, Supreme Power Equipment Limited specializes in producing diverse transformer variants, encompassing manufacturing, upgrade, and refurbishment services. Their extensive product line spans Power, Generator, Windmill, Distribution, Isolation, Solar, Energy Efficient, Converter, and Rectifier Transformers.

These transformers find application across industries, ensuring optimal transmission and distribution of electrical power. The company prides itself on ISO 9001:2015 and ISO 14001:2015 certifications, highlighting its commitment to maintaining superior product quality and environmental standards. With a robust portfolio and stringent quality measures, Supreme Power Equipment remains a key player in the transformer industry, catering to various sectors' power needs.

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Supreme Power Equipment IPO Allotment Date

Supreme Power Equipment Limited is gearing up for its IPO scheduled to be available for subscription from December 21st to December 26th, 2023. Allocation of shares is set for December 27th, 2023, with the IPO slated for listing on the stock exchanges on December 29th, 2023.

Supreme Power Equipment IPO Timeline

IPO Opening Date: The IPO subscription for Supreme Power Equipment Limited begins on Thursday, December 21, 2023.

IPO Closing Date: Investors can subscribe to the IPO until Tuesday, December 26, 2023.

Basis of Allotment: The basis of allotment for the IPO will be determined on Wednesday, December 27, 2023.

Initiation of Refunds: Refunds for the IPO will be initiated starting Thursday, December 28, 2023.

Credit of Shares to Demat: Share allotments will be credited to Demat accounts on Thursday, December 28, 2023.

Listing Date: Supreme Power Equipment Limited's IPO is set to be listed on Friday, December 29, 2023.

Cut-off Time for UPI Mandate Confirmation: The deadline for confirming UPI mandates is 5 PM on December 26, 2023, ensuring timely processing for interested investors.

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Supreme Power Equipment IPO Details

IPO Date 21st to 26th December 2023
Listing Date 29th December 2023
Face Value Rs. 10 per share
Price Band Rs. 61 to Rs. 65 per share
Lot Size 2000 Shares
Total Issue Size 7,180,000 shares (aggregating up to Rs. 46.67 Cr)
Fresh Issue 7,180,000 shares (aggregating up to Rs. 46.67 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 17,811,135
Share holding post issue 24,991,135
Market Maker portion 932,000 shares

 

Supreme Power Equipment Limited Financial Information (Restated Consolidated)

Period Ended 31 Jul 2023 31 Mar 2023
Assets 9,187.16 6,901.04
Revenue 3,927.61 9,990.85
Profit After Tax 503.16 1,107.88
Net Worth 2,298.26 1,805.69
Reserves and Surplus 1,902.46 1,409.89
Total Borrowing 2,153.82 1,999.74
Amount in Rs. Lakhs

 

Supreme Power Equipment IPO FAQs

What is Supreme Power Equipment IPO?

The Supreme Power Equipment IPO represents 7,180,000 equity shares valued at Rs. 10 each, totaling Rs. 46.67 Crores. Priced between Rs. 61 to Rs. 65 per share, the minimum order quantity stands at 2000 shares. Commencing on December 21, 2023, the IPO concludes on December 26, 2023.

When Supreme Power Equipment IPO will open for apply?

The Supreme Power Equipment IPO is scheduled to open for application on December 21, 2023.

What are the minimum lot size and investment needed for participating in the Supreme Power Equipment IPO?

The Supreme Power Equipment IPO mandates a minimum lot size of 2000 shares, necessitating an investment totaling Rs. 1,22,000.

When is Supreme Power Equipment IPO allotment date?

The allotment date for the Supreme Power Equipment IPO is expected to be finalized on Wednesday, December 27, 2023.

What is the Supreme Power Equipment IPO listing date?

The Supreme Power Equipment IPO is anticipated to be listed on the NSE SME platform with a tentative listing date set for Friday, December 29, 2023.

What is the price band of Supreme Power Equipment IPO?

The price band for the Supreme Power Equipment IPO is set between Rs. 61 to Rs. 65 per share.

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