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Supreme Engineering Ltd IPO (Supreme Engineering IPO) Detail

August 24, 2018 - August 29, 2018

Supreme Engineering IPO is a book built issue of Rs 17.78 crores.

Supreme Engineering IPO bidding started from August 24, 2018 and ended on August 29, 2018. The allotment for Supreme Engineering IPO was finalized on Monday, September 3, 2018. The shares got listed on NSE SME on September 6, 2018.

Supreme Engineering IPO price band is set at ₹27 to ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.

Ckp Financial Services Private Limited is the book running lead manager of the Supreme Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Supreme Engineering IPO RHP for detailed information.

Supreme Engineering IPO Details

IPO Date August 24, 2018 to August 29, 2018
Listing Date September 6, 2018
Face Value ₹10 per share
Price Band ₹27 to ₹32 per share
Lot Size 4000 Shares
Total Issue Size6,584,000 shares
(aggregating up to ₹17.78 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Market Maker portion332,000 shares

Supreme Engineering IPO Reservation

Supreme Engineering IPO offers 6,584,000 shares. 3,126,000 (47.48%) to NII, 3,126,000 (47.48%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered332,000 (5.04%)
NII (HNI) Shares Offered3,126,000 (47.48%)
Retail Shares Offered3,126,000 (47.48%)
Total Shares Offered6,584,000 (100%)

Supreme Engineering IPO Timeline (Tentative Schedule)

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

IPO Open Date Friday, August 24, 2018
IPO Close Date Wednesday, August 29, 2018
Basis of Allotment Monday, September 3, 2018
Initiation of Refunds Tuesday, September 4, 2018
Credit of Shares to Demat Wednesday, September 5, 2018
Listing Date Thursday, September 6, 2018
Cut-off time for UPI mandate confirmation 5 PM on August 29, 2018

Supreme Engineering IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹128,000
Retail (Max) 1 4000 ₹128,000
Lot Size Calculator

About Supreme Engineering Ltd

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 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 (Supreme Engineering IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

Company’s track record has been encouraging. It has already received certification from defense and aviation sectors for its products and has submitted bids for their requirements. Surplus land bank development will have addition buffer for debt restructure and expansion plans that will result in improved performance going forward. Investors may consider investment for long term.

Read detail review...

Supreme Engineering IPO Subscription Status (Bidding Detail)

The Supreme Engineering IPO is subscribed 1.20 times on August 29, 2018 6:00:00 PM. The public issue subscribed 1.00 times in the retail category, times in the QIB category, and 1.40 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Supreme Engineering IPO Prospectus

Supreme Engineering IPO Rating

Rating:Rated 4.1 stars
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Supreme Engineering IPO Listing Details

Listing Date September 6, 2018
BSE Script Code
ISIN INE319Z01013
Final Issue Price ₹27 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Supreme Engineering Ltd Contact Details

Supreme Engineering Ltd
R-223, M.I.D.C. Complex,
Rabale, Thane Belapur Road
Navi Mumbai 400 701
Phone: +91 22 2769 2232

Supreme Engineering IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Supreme Engineering IPO - Buy or Not

Supreme Engineering IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Supreme Engineering IPO FAQs

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 is priced at ₹27 to ₹32 per share. The minimum order quantity is 4000 Shares.

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

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

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

Supreme Engineering IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.

You can apply in Supreme Engineering IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Supreme Engineering IPO listing date is on September 6, 2018.
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Supreme Engineering IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



62. VIE |   Link |  Bookmark |September 6, 2018 10:04:30 AM (500+ Posts, 500+ Likes)
IEP 27.10
61. sahil broker |   Link |  Bookmark |September 6, 2018 9:51:37 AM
loot gye gye 20000 minus
60. Hiteshji |   Link |  Bookmark |September 6, 2018 9:47:13 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
List @ 27 10
59. Hiteshji |   Link |  Bookmark |September 6, 2018 9:41:07 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Listing today
58. VIE |   Link |  Bookmark |September 5, 2018 11:27:28 PM (500+ Posts, 500+ Likes)
57. Hiteshji |   Link |  Bookmark |September 5, 2018 5:31:16 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
It will list at 28-29. Hold for long term. As shares are alloted at lower price band of 27.
57.1. Jai D. Patel |   Link |  Bookmark |September 5, 2018 6:03:05 PM
Jai ho Babaji ki, ye bhai Bata dijia k kab beche,28 pe, 35 pe ya 350 per.
56. sunilku |   Link |  Bookmark |September 4, 2018 10:03:46 PM
money debited at rate of rs.27
55. Hiteshji |   Link |  Bookmark |August 30, 2018 4:24:22 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ 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.
54. SMELOVER |   Link |  Bookmark |August 30, 2018 3:07:06 PM
Listing wil be discount of 5 to 10 %
53. Vkjain |   Link |  Bookmark |August 29, 2018 8:17:44 PM
@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.
52. SMELOVER |   Link |  Bookmark |August 29, 2018 1:55:06 PM
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
52.1. Vkjain |   Link |  Bookmark |August 29, 2018 6:13:32 PM
@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
52.2. SMELOVER |   Link |  Bookmark |August 29, 2018 7:38:17 PM
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
51. VIE |   Link |  Bookmark |August 29, 2018 6:45:00 PM (500+ Posts, 500+ Likes)
Any how issue subcribed. Izaat bach gayi.????????????
50. Hiteshji |   Link |  Bookmark |August 29, 2018 6:43:11 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ 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.
49. Abhishek Shahi |   Link |  Bookmark |August 29, 2018 5:46:16 PM
fussss. just got the subscription kisi trah se..
48. TSG |   Link |  Bookmark |August 29, 2018 4:33:06 PM
Sailed thru!
47. RAJAKUMAR |   Link |  Bookmark |August 29, 2018 11:40:11 AM (1400+ Posts, 1200+ Likes)
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.
47.1. SMELOVER |   Link |  Bookmark |August 29, 2018 4:03:31 PM
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
47.2. SMELOVER |   Link |  Bookmark |August 29, 2018 4:05:36 PM
Rajkumarji do you judge stock based on subscription only?
46. uday patel |   Link |  Bookmark |August 29, 2018 3:28:45 PM
Company has 54 Cr dept, check website.
45. IPO ANALYSTS ???? |   Link |  Bookmark |August 29, 2018 3:23:23 PM
Flop show !! Fusss..
44. IPOANALYSIS |   Link |  Bookmark |August 27, 2018 4:51:19 PM
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

44.1. mark bab |   Link |  Bookmark |August 29, 2018 2:52:19 PM (200+ Posts)
Aap apply kar rahe ho finally ya avoid?
43. AnkurGoel |   Link |  Bookmark |August 29, 2018 2:45:49 PM
Supreme dangee dum jaisa dum nahi laga paya. it was not expected from this ipo. :(

Now wait for Marshall.