The company was incorporated on June 21, 2005. It is currently involved in manufacturing, upgrading, and refurbishing various types of transformers, including Power Transformers, Generator Transformers, Windmill Transformers, Distribution Transformers, Isolation Transformers, Solar Transformers, Energy-Efficient Transformers, Converter Transformers, and Rectifier Transformers.
| Bidding Dates |
|---|
| 21 Dec 2023 - 26 Dec 2023 |
| Subscription |
|---|
| 160.25x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,000 | 1 | 1 | 2000 | 7.2 M | ₹61 - ₹65 | 56.56 % | ₹438.0 M - ₹466.7 M | RHP DOC |
Supreme Power Equipment IPO SUBSCRIPTION STATUS
26 Dec '23Supreme Power Equipment IPO overall subscription rate was 160.25 times the total available shares
Supreme Power Equipment IPO retail subscription rate was 161.19 times in the retail segment
Supreme Power Equipment IPO non-institutional investor subscription rate was 159.31 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Dec 2023 (Day 3) | 161.19x | 159.31x | - |
22 Dec 2023 (Day 2) | 23.1x | 4.47x | - |
21 Dec 2023 (Day 1) | 11x | 1.71x | - |
Supreme Power Equipment FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 4MFY24 | 50.3 | 392.6 | 12.3 | -52.8 | 17.1% |
| FY23 | 110.8 | 997.6 | 82.9 | 81.8 | 17.4% |
Supreme Power Equipment IPO SUBSCRIPTION STATUS DETAILS
Supreme Power Equipment had 7.2 M shares on offer
Supreme Power Equipment IPO offer price was in the range ₹61 - ₹65
Supreme Power Equipment IPO minimum Investment was ₹122000
Supreme Power Equipment IPO issue size was ₹ 438.0 M - ₹ 466.7 M
Supreme Power Equipment had a minimum lot size of 2000 Shares per application
Supreme Power Equipment NUMBER OF SHARES ON OFFER
Supreme Power Equipment IPO IMPORTANT DATES
| Issue Open Date | 21 Dec 2023 |
| Issue close Date | 26 Dec 2023 |
| Allotment Date | 27 Dec 2023 |
| Refund Date | 28 Dec 2023 |
| Demat Account Credit Date | 28 Dec 2023 |
| Listing Date | 29 Dec 2023 |
| Listing on Exchange(s) | NSE |
| Supreme Power Equipment Allotment Status | Exchange |
Supreme Power Equipment IPO subscription opened on 21 Dec 2023, and closed on 26 Dec 2023
IPO allotment for Supreme Power Equipment was finalized on Wednesday, 27 Dec 2023
IPO listing for Supreme Power Equipment was on NSE on Friday, 29 Dec 2023
Supreme Power Equipment IPO LISTING GAINS
| Issue Price (adjusted) | 65.0 |
| Listing Open Price | 98.0 |
| Listing Close Price | 102.9 |
| Listing Gain% | 50.8% |
| Current Gain% | 215.5% |
Supreme Power Equipment Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Supreme Power Equipment Ltd. | 205.1 | 512.6 | 24.8 | 2.2 | 2.8 | 17.5 | 7.9 | 182.1 | 21.8 | 20.7 | 11.2 | 8.3 | 11.2 |
| ABB India Ltd. | 7600 | 161050.4 | 53.9 | 11.8 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 32600 | 145306 | 126.3 | 1 | 15.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Bharat Heavy Electricals Ltd. | 405.2 | 141093.2 | 58 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| Siemens Ltd. | 3940.1 | 140315 | 90.2 | -2.2 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 43.7 | -40.3 |
| CG Power and Industrial Solutions Ltd. | 879 | 138482.1 | 110.8 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
Supreme Power Equipment INFORMATION ON IPO ISSUE
About Supreme Power Equipment
The company was incorporated on June 21, 2005. It is currently involved in manufacturing, upgrading, and refurbishing various types of transformers, including Power Transformers, Generator Transformers, Windmill Transformers, Distribution Transformers, Isolation Transformers, Solar Transformers, Energy-Efficient Transformers, Converter Transformers, and Rectifier Transformers.
Object of the Issue
- To meet the capital expenditure
- To meet working capital requirements
- To meet general corporate purposes
- To meet issue expenses
Supreme Power Equipment - PROMOTERS
| Name |
|---|
| Vee Rajmohan |
| K V Pradeep Kumar |
Supreme Power Equipment Lead Manager of the Issue
Narnolia Financial Services Limited
pankaj.passi@narnolia.com
Supreme Power Equipment Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
Supreme Power Equipment Strengths
Contracts from governments
The company serves a diverse range of customers, including public sector undertakings, and maintains strong and positive relationships with these clients
Experienced and strong management team
The company benefits from an experienced management team led by its promoters, who have significant expertise in transformer manufacturing and refurbishing. Their leadership and established processes have been instrumental in driving the company's consistent growth
Supreme Power Equipment Risks
Certain legal proceedings/litigations
Promoters/Directors are currently involved in certain legal proceedings or litigations. An unfavourable outcome in these proceedings could potentially subject them to penalties and have a negative impact on the business and its financial results
License requirement
The company must acquire specific licenses to establish new factories. Failure to obtain these licenses promptly could disrupt business operations and lead to operational challenges
IPO FAQs
The promoters of the company are Vee Rajmohan and K V Pradeep Kumar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 61.0 - 65.0.
The IPO application opens on Dec 21, 2023 and closes on Dec 26, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 122,000.0, the maximum value for this IPO is Rs 130,000.0.
This IPO will be allotted on Dec 27, 2023.
The refund will be credited to your account on Dec 28, 2023.
The allotted shares will be credited to your demat on Dec 28, 2023.
Supreme Power Equipment Ltd.’s shares listed on the stock exchanges on Dec 29, 2023.