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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.

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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 Opening Date Aug 24, 2018
IPO Closing Date Aug 29, 2018
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹27 to ₹32 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At NSE SME
Issue Size6,584,000 Eq Shares of ₹10
(aggregating up to ₹17.78 Cr)

Supreme Engineering IPO Tentative Timetable

The Supreme Engineering IPO open date is Aug 24, 2018, and the close date is Aug 29, 2018. The issue may list on Sep 6, 2018.

IPO Open Date Aug 24, 2018
IPO Close Date Aug 29, 2018
Basis of Allotment Date Sep 3, 2018
Initiation of Refunds Sep 4, 2018
Credit of Shares to Demat Account Sep 5, 2018
IPO Listing Date Sep 6, 2018

Supreme Engineering IPO Lot Size

The Supreme Engineering IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹128,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹128,000
Maximum 1 4000 ₹128,000

Supreme Engineering IPO Review

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 8/29/2018 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)
NII1.40
Retail1.00
Total1.20

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
IPO Price ₹27 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

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

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

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

Supreme Engineering IPO Reviews / Ratings

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 equity share. The minimum order quantity is 4000 Shares.

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.

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

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

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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.

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

Supreme Engineering IPO Message Board

Ranked Members  Ranked Members

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86 Comments

62. VIE |Sep 6, 2018 11:04:30 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
IEP 27.10
. 10 PAISE ABOVE ALLOTMENT PRICE OF RS. 27 AT LOWER BAND
61. sahil broker |Sep 6, 2018 10:51:37 AM
loot gye gye 20000 minus
60. Hiteshji |Sep 6, 2018 10:47:13 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
List @ 27 10
59. Hiteshji |Sep 6, 2018 10:41:07 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Listing today
58. VIE |Sep 6, 2018 12:27:28 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
SEL WILL LISTING TOMMOWOW LETS SEE HOW IT LIST.
57. Hiteshji |Sep 5, 2018 6:31:16 PM
Top Contributor Top Contributor (400+ Posts, 200+ 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 |Sep 5, 2018 7:03:05 PM
Jai ho Babaji ki, ye bhai Bata dijia k kab beche,28 pe, 35 pe ya 350 per.
56. sunilku |Sep 4, 2018 11:03:46 PM
money debited at rate of rs.27
55. Hiteshji |Aug 30, 2018 5:24:22 PM
Top Contributor Top Contributor (400+ 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.
54. SMELOVER |Aug 30, 2018 4:07:06 PM
Listing wil be discount of 5 to 10 %
53. Vkjain |Aug 29, 2018 9:17:44 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 |Aug 29, 2018 2:55:06 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 |Aug 29, 2018 7:13:32 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 |Aug 29, 2018 8:38:17 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 |Aug 29, 2018 7:45:00 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Any how issue subcribed. Izaat bach gayi.????????????
50. Hiteshji |Aug 29, 2018 7:43:11 PM
Top Contributor Top Contributor (400+ 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.
49. Abhishek Shahi |Aug 29, 2018 6:46:16 PM
fussss. just got the subscription kisi trah se..
48. TSG |Aug 29, 2018 5:33:06 PM
Sailed thru!
47. RAJAKUMAR |Aug 29, 2018 12:40:11 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ 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.
47.1. SMELOVER |Aug 29, 2018 5:03:31 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 |Aug 29, 2018 5:05:36 PM
Rajkumarji do you judge stock based on subscription only?
46. uday patel |Aug 29, 2018 4:28:45 PM
Company has 54 Cr dept, check website.
45. IPO ANALYSTS ???? |Aug 29, 2018 4:23:23 PM
Flop show !! Fusss..
44. IPOANALYSIS |Aug 27, 2018 5:51:19 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Aug 29, 2018 3:52:19 PM
Aap apply kar rahe ho finally ya avoid?
43. AnkurGoel |Aug 29, 2018 3:45:49 PM
Supreme dangee dum jaisa dum nahi laga paya. it was not expected from this ipo. :(

Now wait for Marshall.