Supreme Engineering Ltd IPO (Supreme Engineering IPO) Detail

Aug 24, 2018 - Aug 29, 2018

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, defence, 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 the year of 2004, Supreme Special Steels was set-up with a special emphasis on the manufacturing of special steels and exotic 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 exotic alloy steel bars indigenously; thereby making it the only manufacturer of exotic 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.

Company Promoters:

The Promoters of the company are Mr. Sanjay Chowdhri, Sanjay Chowdhri HUF & Lalita Chowdhri. The promoters collectively hold 58,49,500 Equity Shares, which constitutes 80.46% of the pre-issue paid-up Equity Share capital of the Company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 17,564.51 14,174.01 11,356.75 12,410.33 10,494.81
Total Revenue 15,226.13 12,086.04 11,364.69 7,959.85 7,727.54
Profit After Tax 465.36 215.04 112.29 73.77 19.00

Objects of the Issue:

The Objects of the Issue is to raise resources to:

1. Part finance the Working Capital requirements
2. Part repayment of High-Cost Debt
3. Finance Capital expenditure for the following purpose:
(A) Acquisition of Plant & Machinery
(B) Up-gradation of existing technology
4. Meet General Corporate Expenses
5. Meet IPO Issue Expenses

Supreme Engineering IPO Details

IPO DateAug 24, 2018 - Aug 29, 2018
Issue TypeBook Built Issue IPO
Issue Size6,584,000 Eq Shares of ₹10
(aggregating up to ₹17.78 Cr)
Face Value₹10 Per Equity Share
IPO Price₹27 to ₹32 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME

Supreme Engineering IPO Tentative Date / Timetable

Bid/Offer Opens OnAug 24, 2018
Bid/Offer Closes OnAug 29, 2018
Finalisation of Basis of AllotmentSep 3, 2018
Initiation of RefundsSep 4, 2018
Credit of Shares to Demat AcctSep 5, 2018
IPO Shares Listing DateSep 6, 2018

Supreme Engineering IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹128,000
Maximum14000₹128,000

Supreme Engineering IPO Subscription Status (Bidding Detail)

Supreme Engineering IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

3,126,000

3,126,000

6,252,000

Aug 29, 2018 18:00

1.40x

1.00x

1.20x

Supreme Engineering IPO Prospectus

Supreme Engineering IPO Rating

277
4.1
Rating:Rated 4.1 stars

Vote Here ...

Supreme Engineering IPO Listing Date

Listing DateThursday, September 6, 2018
BSE Script Code
NSE SymbolSUPREMEENG
Listing In
ISININE319Z01013
IPO Price₹27 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹27.00
Open:₹27.10
Low:₹26.00
High:₹27.80
Last Trade:₹27.55
Volume:576,000

Supreme Engineering IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Supreme Engineering IPO FAQs

  1. 1. What is Supreme Engineering IPO?

    Supreme Engineering IPO is a SME IPO of 6,584,000 equity shares of the face value of ₹10 aggregating up to ₹17.78 Crores.

    The issue price of the IPO is ₹27 to ₹32 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Aug 24, 2018 and closes on Aug 29, 2018.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Supreme Engineering IPO will open?

    The Supreme Engineering IPO opens on Aug 24, 2018 and closes on Aug 29, 2018.

  3. 3. How to apply for Supreme Engineering IPO?

    Supreme Engineering IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Supreme Engineering IPO allotment?

    The finalization of Basis of Allotment for Supreme Engineering IPO will be done on Sep 3, 2018, and the allotted shares will be credited to your demat account by Sep 5, 2018. Check the Supreme Engineering IPO allotment status.

  5. 5. When is Supreme Engineering IPO listing date?

    The Supreme Engineering IPO listing date is on Thursday, September 6, 2018, at NSE SME.
  6. 6. What is the lot size of Supreme Engineering IPO?

    Supreme Engineering IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Supreme Engineering IPO Review / Comments

VIE
62. VIE  Sep 6, 2018 10:04
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
IEP 27.10
. 10 PAISE ABOVE ALLOTMENT PRICE OF RS. 27 AT LOWER BAND
sahil broker
61. sahil broker  Sep 6, 2018 09:51
loot gye gye 20000 minus
Hiteshji
60. Hiteshji  Sep 6, 2018 09:47
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
List @ 27 10
Hiteshji
59. Hiteshji  Sep 6, 2018 09:41
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Listing today
VIE
58. VIE  Sep 5, 2018 23:27
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
SEL WILL LISTING TOMMOWOW LETS SEE HOW IT LIST.
Hiteshji
57. Hiteshji  Sep 5, 2018 17:31
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
It will list at 28-29. Hold for long term. As shares are alloted at lower price band of 27.
Jai D. Patel
57.1. Jai D. Patel  Sep 5, 2018 18:03
Jai ho Babaji ki, ye bhai Bata dijia k kab beche,28 pe, 35 pe ya 350 per.
sunilku
56. sunilku  Sep 4, 2018 22:03
money debited at rate of rs.27
Hiteshji
55. Hiteshji  Aug 30, 2018 16:24
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
If you applied at lower price of band 27, and if you allotted then you have a chance of listing gain in this ipo.
SMELOVER
54. SMELOVER  Aug 30, 2018 15:07
Listing wil be discount of 5 to 10 %
Vkjain
53. Vkjain  Aug 29, 2018 20:17
@sme lover. Thanks for your reply. I have suffered huge losses in this one. Alloted 5 lots. Repenting ,why i applied? Anyways, will follow your advice now.
SMELOVER
52. SMELOVER  Aug 29, 2018 13:55
Bad Sins always give back. Karam ka fal jaroor milta hai

CKP Lead manager ka issue CKP leisure is ruling at half the issue price
ITs other issue as Lead manager Kapston has given no returns.

Phir bhi is stock ka price bada kar rakha gaya to be greedy

ab company aur lead manager ko pata chalega and they too will suffer loss if issue gets cancelled

date to be extend and similar fate will happen to what happened to powersoft technology today
Vkjain
52.1. Vkjain  Aug 29, 2018 18:13
@sme lover ..Any advice for powerful technology? Should it be hold or should it be sold at any price? Is there some chance of this stock touching issue price in upcoming 6 months?please reply
SMELOVER
52.2. SMELOVER  Aug 29, 2018 19:38
sell it and move to better company but its hitting continuous lower circuit
i dont think it can hit issue price even in 1 year.
.jab bhi stock mein rise ho bech do iska future bahut bleak hai. there are too many cheap chinese stuff for power banks. never heard anyone using this products also
VIE
51. VIE  Aug 29, 2018 18:45
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Any how issue subcribed. Izaat bach gayi.😜😜😜
Hiteshji
50. Hiteshji  Aug 29, 2018 18:43
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
If issue is manage by LM, then it will list around issue price. So those who applied need not be worry. As the company is good for long term.
Abhishek Shahi
49. Abhishek Shahi  Aug 29, 2018 17:46
fussss. just got the subscription kisi trah se..
TSG
48. TSG  Aug 29, 2018 16:33
Sailed thru!
RAJAKUMAR
47. RAJAKUMAR  Aug 29, 2018 11:40
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Dear IPOANALYSIS AND Aniketiaf
Dont apply. So for subscription not encouraging. If overall one time or two times at the close means it may be listing like Powerful Tech.
SMELOVER
47.1. SMELOVER  Aug 29, 2018 16:03
tujhe kaise pata sahil broker ki yeh stock neeche jayega. bakwaas mat bolo

sabki apni marzi hai paisa lagana.

tu bahut bekaar aur waila insaan lagta hai

supreme infra listing gain ke liye nahi long term ke liye bola tha aur yeh stokc long term ki liye theek lag raha hai

abhi list bhi nahi yeh stock aur teri bakwaas hsuru shail broker
SMELOVER
47.2. SMELOVER  Aug 29, 2018 16:05
Rajkumarji do you judge stock based on subscription only?
uday patel
46. uday patel  Aug 29, 2018 15:28
Company has 54 Cr dept, check website.
IPO ANALYSTS 📣
45. IPO ANALYSTS 📣  Aug 29, 2018 15:23
Flop show !! Fusss..
IPOANALYSIS
44. IPOANALYSIS  Aug 27, 2018 16:51
Its only for long term investors. Those who dont apply will not miss anything as i expect the listing price to be aroound same issue price

It is not a listing gain type issue

There are few facts which want to bring to your notice. A few of its suppliers have not been given payment as well from this company.
There can be some issues. Just need to get details
Avoid it completely if anyone is looking for listing gain exit

mark bab
44.1. mark bab  Aug 29, 2018 14:52
Aap apply kar rahe ho finally ya avoid?
AnkurGoel
43. AnkurGoel  Aug 29, 2018 14:45
IPO Guru IPO Guru (1000+ Posts, 1100+ Likes)
Supreme dangee dum jaisa dum nahi laga paya. it was not expected from this ipo. :(

Now wait for Marshall.






Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App