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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
Issue OpenAug 24, 2018 - Aug 29, 2018
Issue TypeBook Built Issue IPO
Issue Size6,584,000 Eq Shares of Rs 10
(aggregating up to Rs 17.78 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 27 - Rs 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 Acct:Sep 5, 2018
IPO Shares Listing Date:Sep 6, 2018

Supreme Engineering IPO Subscription Status (Live)

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

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Supreme Engineering IPO Listing Date

  •   ›  Listing Date: Thursday, September 6, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: SUPREMEENG
  •   ›  Listing In:
  •   ›  ISIN: INE319Z01013
  •   ›  Issue Price: Rs 27 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 27.00
Open:Rs 27.10
Low:Rs 26.00
High:Rs 27.80
Last Trade:Rs 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
Fax: +91 22 2769 0341
Email: cs@supremesteels.com
Website: http://www.supremesteels.com

Supreme Engineering IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

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Supreme Engineering IPO Review / Comments

avatar
63. VIE  Sep 6, 2018 10:04 I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
IEP 27.10
. 10 PAISE ABOVE ALLOTMENT PRICE OF RS. 27 AT LOWER BAND
avatar
62. sahil broker  Sep 6, 2018 09:51 I Like It. | Report Abuse Reply
loot gye gye 20000 minus
avatar
61. Hiteshji  Sep 6, 2018 09:47 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
List @ 27 10
avatar
60. Hiteshji  Sep 6, 2018 09:41 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Listing today
avatar
59. VIE  Sep 5, 2018 23:27 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
SEL WILL LISTING TOMMOWOW LETS SEE HOW IT LIST.
avatar
58. Hiteshji  Sep 5, 2018 17:31 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
It will list at 28-29. Hold for long term. As shares are alloted at lower price band of 27.
avatar
58.1. Jai D. Patel  Sep 5, 2018 18:03 I Like It. 1 | Report Abuse
Jai ho Babaji ki, ye bhai Bata dijia k kab beche,28 pe, 35 pe ya 350 per.
avatar
57. sunilku  Sep 4, 2018 22:03 I Like It. 1 | Report Abuse Reply
money debited at rate of rs.27
avatar
56. Hiteshji  Aug 30, 2018 16:24 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
If you applied at lower price of band 27, and if you allotted then you have a chance of listing gain in this ipo.
avatar
55. SMELOVER  Aug 30, 2018 15:07 I Like It. 1 | Report Abuse Reply
Listing wil be discount of 5 to 10 %
avatar
54. Vkjain  Aug 29, 2018 20:17 I Like It. | Report Abuse Reply
@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.
avatar
53. SMELOVER  Aug 29, 2018 13:55 I Like It. 2 | Report Abuse Reply
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
avatar
53.1. Vkjain  Aug 29, 2018 18:13 I Like It. | Report Abuse
@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
avatar
53.2. SMELOVER  Aug 29, 2018 19:38 I Like It. 1 | Report Abuse
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
avatar
52. VIE  Aug 29, 2018 18:45 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Any how issue subcribed. Izaat bach gayi.😜😜😜
avatar
51. Hiteshji  Aug 29, 2018 18:43 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
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.
avatar
50. Abhishek Shahi  Aug 29, 2018 17:46 I Like It. 1 | Report Abuse Reply
fussss. just got the subscription kisi trah se..
avatar
49. TSG  Aug 29, 2018 16:33 I Like It. | Report Abuse Reply
Sailed thru!
avatar
48. RAJAKUMAR  Aug 29, 2018 11:40 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ 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.
avatar
48.1. SMELOVER  Aug 29, 2018 16:03 I Like It. 1 | Report Abuse
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
avatar
48.2. SMELOVER  Aug 29, 2018 16:05 I Like It. | Report Abuse
Rajkumarji do you judge stock based on subscription only?
avatar
47. uday patel  Aug 29, 2018 15:28 I Like It. | Report Abuse Reply
Company has 54 Cr dept, check website.
avatar
46. IPO ANALYSTS 📣  Aug 29, 2018 15:23 I Like It. | Report Abuse Reply
Flop show !! Fusss..
avatar
45. IPOANALYSIS  Aug 27, 2018 16:51 I Like It. 4 | Report Abuse Reply
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

avatar
45.1. mark bab  Aug 29, 2018 14:52 I Like It. | Report Abuse
Aap apply kar rahe ho finally ya avoid?
avatar
44. AnkurGoel  Aug 29, 2018 14:45 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Supreme dangee dum jaisa dum nahi laga paya. it was not expected from this ipo. :(

Now wait for Marshall.
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