Supreme Engineering IPO

Supreme Engineering IPOBusiness description - Supreme Engineering is engaged in the business of manufacturing special alloys and special wire products. It has two manufacturing units Unit I being the Special Steels division, located at Khopoli, and engaged in 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; and Unit II being the Wire division, located at Rabale, Navi Mumbai, engaged in the manufacturing of wires, bright bars, fine wires and profiles.

Over the years, the company has expanded its operations by investing in high-end technology & infrastructure and presently has these two units. Both these units have different product processing capabilities with modern infrastructure. The Special steels division is equipped with advanced technology such as Vacuum Induction Melting (VIM), Argon-oxygen decarburisation (AOD), Electro-slag Refining (ESR), Radial Forging Machine (GFM), Rolling Mill, Heat treatment furnaces, bright bar plant & machine shop for manufacturing special alloys. Manufacturing facilities at the wire division include heat-treatment furnaces, coil to coil peeling machines, drawings machines, bright bar plant and cold-rolling facilities. The units have been approved by various Defence Public Sector Undertakings, Public Sector Undertakings, Ordnance factories and undertakings belonging to aerospace, automotive and energy sectors.

Promoters of Supreme Engineering – Sanjay Chowdhri, Sanjay Chowdhri HUF and Mrs Lalita Chowdhri
Supreme Engineering IPO details
Subscription Dates 24 - 29 August 2018
IPO Price band INR27 - 32 per share
Fresh issue 6,579,000 shares (INR21.05 crore)
Offer for sale Nil
Total IPO size 6,579,000 shares (INR21.05 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Part finance the Working Capital requirements - INR7 crore
  • Part repayment of High Cost Debt
  • Capital Expenditure - INR0.95 crore
  • General corporate purposes
  • Public issue expenses
Supreme Engineering's  financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 58.4 77.3 79.6 113.6 120.9 152.3
Total expenses 57.5 77.0 78.4 112.2 118.0 144.9
Profit after tax 3.9 0.2 0.7 1.1 2.1 4.6
Supreme Engineering's Contact Details

Supreme Engineering Limited
R-223, M.I.D.C. Complex, Rabale
Thane Belapur Road
Navi Mumbai 400 701

Phone: +91 22 2769 2232
Email: [email protected]
Website: www.supremesteels.com

  • Supreme Engineering IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.20
Day 2 0.32
Day 3 0.45
Day 4 1.12
Supreme Engineering Valuation (For latest FY)

Earnings Per Share (EPS): INR3.17

Price/Earnings (P/E) ratio: To be updated

Return on Net Worth (RONW): 16.03%

Net Asset Value (NAV): INR15.76 per share

Registrar of Supreme Engineering IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Supreme Engineering IPO Allotment Status

Supreme Engineering IPO allotment status will be available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Supreme Engineering

IPO Opening Date: 24 August 2018

IPO Closing Date: 29 August 2018

Listing Date: 6 September 2018

Listing Price on NSE SME: INR27.1 per share (up 0.37% from IPO price)

Closing Price on NSE SME: INR27.55 per share (up 2.04% from IPO price)

Supreme Engineering IPO
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2 thoughts on “Supreme Engineering IPO

  • August 28, 2018 at 9:00 PM
    Permalink

    Why ipo stil not subscribe and
    fincial position of company ……Total debts of company?

    Reply
  • August 25, 2018 at 9:20 PM
    Permalink

    How much is total debt…?

    Reply

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