Supreme Power Equipment Ltd IPO Timeline

Supreme Power Equipment Ltd IPO opens on 21-Dec-2023, and closes on 26-Dec-2023. The Supreme Power Equipment Ltd IPO bid date is from 21-Dec-2023 to 26-Dec-2023. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Supreme Power Equipment Ltd IPO Opening Date 21-Dec-2023
Supreme Power Equipment Ltd IPO Closing Date 26-Dec-2023
Basis of Allotment 27-Dec-2023
Initiation of Refunds 28-Dec-2023
Credit of Shares to Demat 28-Dec-2023
Supreme Power Equipment Ltd IPO Listing Date 29-Dec-2023

Supreme Power Equipment Ltd IPO Lot Size

Supreme Power Equipment Ltd IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or 130000).

Application Lots Shares Amount
Minimum 1 2000 ₹130000
Maximum 1 2000 ₹130000

Supreme Power Equipment Ltd IPO Details

Supreme Power Equipment Ltd IPO Date 21-Dec-2023 to 26-Dec-2023
Supreme Power Equipment Ltd IPO Face Value Shares of ₹10 per share
Supreme Power Equipment Ltd IPO Price ₹61 to ₹65 per share
Supreme Power Equipment Ltd IPO Lot Size 2000
Issue Size Shares of ₹10 (aggregating up to ₹46.67 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹46.67 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Vee Rajmohan, K V Pradeep Kumar.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Capital Expenditure
  • 2 Working Capital Requirement
  • 3 General Corporate Purposes

Company Financials

Supreme Power Equipment Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2023 47.51 77.90 10.82
03-2022 33.35 46.71 0.52
03-2021 33.29 35.47 0.27
Amount in ₹ Crore
  • B2G Business Relations.
  • Integrated Business Model.
  • Cordial relations with our customers.
  • Quality Deliverables.
  • Favourable Government policies.
  • Its present promoters of the Company are first generation entrepreneur.
  • Its Promoters/ Directors are involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.
  • One of its objects of the issue includes Capital expenditure, which will take a period of twelve months for set up.
  • The company will be required to obtain certain licenses for set up of new factory. If the company does not receive these licenses within time, it will hamper the business operations and its may face operational disruptions.
  • The Pre-IPO shareholding of the promoters and promoter group is 79.37% and the post-IPO shareholding will remain 57.54%. The market's perception of their reduced involvement may impact the valuation and liquidity of their shares.
  • The company does not have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials in future, which may adversely affect its business operations.
  • The Company operation and growth is dependent upon successfully implementation its business strategies.
  • The Company has negative cash flows from its operating, investing activities and financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
  • The company has obtained some of its contracts through government tenders, unavailability or any failure to secure these tenders in the future may adversely affect its business operations and financial conditions.
  • If its experience delays and/or defaults in client payments, the company may be unable to recover all expenditures.
  • Its business operations are subject to various operating risks at the company sites, accidental risk, the occurrence of which can affect its results of operations and consequently, financial condition of the Company.
  • The majority of its revenue primarily comes from the state of Tamil Nadu in terms of geographical distribution.
  • Its top ten customers contribute significant portion of the company revenues during the current and previous financial years. Any loss of business from one or more of them may adversely affect its revenues and profitability.
  • Its inability to effectively manage project execution may lead to project delays which may affect its business and results of operations.
  • The Company operations requires significant amount of working capital for a continuing growth. Its inability to meet the company working capital requirements may adversely affect its results of operations.
  • The company unable to work on its full potential and utilized its full capacity for the production and manufacturing of products.
  • The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
  • The average cost of acquisition of Equity Shares by its Promoters is lower than the issue price.
  • Its major revenue is sourced from sale of the company products which is transformers. Its inability or failure to manage and attract more clients in this regards could adversely affect its business.
  • Its Promoters, Directors have provided personal guarantees to loan facility availed by it, which if revoked may requires alternative guarantees, repayment of amount due or termination of the facilities.
  • Its profitability and business operations is significantly dependent on its ability to successfully anticipate the industry and client requirements. Any failure on its part to do so, may have an impact on its operations, which could have an adverse effect on the company revenue, reputation, financial conditions, results of operations and cash flows.
  • The Company has entered into certain related party transactions in the past and may continue to do so in the future.
  • The company operates in highly competitive markets and its inability to compete effectively may lead to lower market share or reduced operating margins, and adversely affect its results of operations.
  • In addition to normal remuneration, other benefits and reimbursement of expenses some of its Directors (including its Promoters) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
  • If the company fail to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report its financial risk.
  • Any infringement of third party intellectual property rights or failure to protect its intellectual property rights may adversely affect its business.
  • The company requires certain quality certifications, approvals, licenses, registrations and permits to operate its business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals may adversely affect its operations and financial conditions.
  • Certain Agreements, deeds or licenses, statutory approvals and certificates may be in the previous name of the company, the company has to update the name of the company in all the statutory approvals and certificates due to the conversion of the Company.
  • The company is subject to stringent labour laws or other industry standards and any strike, work stoppage, Lock-out or increased wage demand by its employees or any other kind of disputes with its employees could adversely affect the company's business, financial condition and results of operations.
  • The company is dependent on its promoters and its management team and the loss of, or its inability to hire, retain, train, and motivate qualified personnel could adversely affect its business, results of operations and financial condition.
  • The company is subject to various laws and regulations and required to comply with several regulatory compliance requirement, in jurisdictions where its operate, including environmental and health and safety laws and regulations, which may subject it to increased compliance costs, which may in turn result in an adverse effect on its financial condition.
  • Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
  • Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of its financial condition, result of operations and cash flows.
  • The Company is subject to foreign exchange control regulations which can pose a risk of currency fluctuations.
  • The Company has not paid any dividend in past 3 financials years and its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
  • Industry information included in this Draft Red Herring Prospectus has been derived from an industry report from various websites. The reliability on the forecasts of the reports could be incorrect and would significantly impact its operations.
  • The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans that might be availed by it, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
  • There are certain restrictions on daily movements in the price of Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
  • Market price of its share will be decide by market forces and issue price of equity share may not be indicative of the market price its share price after the issue.
  • Constant technology upgradation.
  • Expand its geographical network.
  • Continue to develop client relationships.
  • Capitalize on growing demand of Power Infrastructure.
  • Leveraging its Market skills and Relationship.

Supreme Power Equipment Ltd IPO Promoter Holding

Pre Issue Share Holding 72.22%
Post Issue Share Holding 52.37%

Supreme Power Equipment Ltd IPO Subscription Status (Bidding Detail)

The Supreme Power Equipment Ltd IPO is subscribed - times on Dec 26, 2023 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - -

Supreme Power Equipment Ltd IPO Prospectus

Supreme Power Equipment Ltd IPO Listing Date

Listing Date 29 Dec 23
BSE Script 73416
NSE Symbol SUPREMEPWR
Listing In NSE - SME
ISIN INE0QHG01026
IPO Price ₹65
Face Value ₹10

Supreme Power Equipment Ltd IPO Registrar

Purva Sharegistry (I) Pvt Ltd

Phone: +91 022 2301 8261
Email: support@purvashare.com
Website: www.purvashare.com

Supreme Power Equipment Ltd IPO Lead Manager(s)

  1. Narnolia Financial Services Ltd

FAQs on Supreme Power Equipment Ltd IPO

Supreme Power Equipment Ltd IPO, which opens for subscription from 21-Dec-2023 to 26-Dec-2023 has an issue size of ₹46.67 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Supreme Power Equipment Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Supreme Power Equipment Ltd IPO Opens for subscription from 21-Dec-2023 to 26-Dec-2023.

The lot size of Supreme Power Equipment Ltd is 2000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹130000 and ₹130000 respectively.

Allotment date for Supreme Power Equipment Ltd is 27-Dec-2023 and refund of application amount (in case allotment is not received) will begin from 28-Dec-2023. If your allotment goes through, then shares will be credited in your Demat account by 28-Dec-2023.

The registrar for Supreme Power Equipment Ltd IPO is Purva Sharegistry (I) Pvt Ltd. You can check your IPO allotment status on the registrar's website.

The shares of Supreme Power Equipment Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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