Supreme Engg IPO is all set to make its debut on 24th Aug 18 with 17.78 Cr is a company engaged in the business of manufacturing special alloys and special wire products.
Supreme Engg IPO – overview
| IPO Dates | 24-29 Aug 18 |
| IPO Price | INR 32 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 6,584,000 shares (INR 17.78 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Supreme Engg IPO – Tentative Dates
| IPO Offer Opening Date | 24 Aug 2018 |
| IPO Closing Date | 29 Aug 2018 |
| Finalization of Basis of Allotment | 3 Sept 2018 |
| Initiation of refunds | 4 Sept 2018 |
| Transfer of shares to demat accounts | 5 Sept 2018 |
| IPO Listing Date | 6 Sept 2018 |
Company Overview
Incorporated in 1987, Mumbai based Supreme Engineering Limited (SEL) is a company engaged in the business of manufacturing special alloys and special wire products. The company has two manufacturing units Unit I being the Special Steels division, located at Khopoli, and engaged with the manufacturing of special alloys such as super alloys, precipitation hardening steels, martensitic stainless steel, austenitic stainless steel, ultra-high strength steel and high speed steels which have their end use in sectors such as aerospace, space, defense, nuclear power thermal power, oil & gas, and heavy engineering; and Unit II being the Wire division, located at Rabale, Navi Mumbai, engaged with the manufacturing of wires, bright bars, fine wires, and profiles. These products find their end use in sectors such as automotive, oil & gas, industrial machinery, and hand tools industries.
In 2004, Supreme Special Steels was set up with a special emphasis on the manufacturing of special steels and alloys. This resulted in a dramatic expansion of the company’s offerings. Today, SEL offers Nickel-based Superalloys, Duplex & Super-duplex steel, Super-austenitic stainless steel, hot and cold work die steel and high-speed steel bars for various applications both domestically and internationally.
The company has developed alloy steel bars indigenously; thereby making it the only manufacturer of alloys steel bars in the private sector in India.
The Company has 36 full-time employees in addition to the management, who look after the administrative, secretarial, legal, marketing, accounting functions, business operations and factory management. Apart from these permanent employees, it has also hired approximately 100 contract labor for the processing units.
Objects of the Issue
- Part finances the Working Capital requirements.
- Part repayment of High-Cost Debt.
- Finance Capital expenditure for the following purpose:
(A) Acquisition of Plant & Machinery
(B) Up-gradation of existing technology. - Meet General Corporate Expenses.
- Meet IPO Issue Expenses
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 17,564.51 | 14,174.01 | 11,356.75 |
| Total Revenue | 15,226.13 | 12,086.04 | 11,364.69 |
| Profit After Tax | 465.36 | 215.04 | 112.29 |
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
Email: cs@supremesteels.com
Website: http://www.supremesteels.com
Supreme Engineering IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Supreme Engineering IPO Lead Manager(s)
- Ckp Financial Services Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
