1) Company overview
The company is currently engaged in the areas of manufacturing, up-gradation, and refurbishment of transformers ranging from power transformer, generator transformer to rectifier transformer.
2) Industry overview
India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 416.59 GW as of April 30, 2023. The power generation witnessed its highest growth rate in over 30 years in FY23.
3) Supreme Power Equipment IPO Issue size
The IPO is entirely a fresh equity issue of up to 71.8 lakh equity shares aggregating to Rs 46.67 crore.
4) Supreme Power Equipment IPO Price band
The company is offering its shares in the range of Rs 61-65, and investors can bid for 2000 shares in 1 lot.
5) Financial performance
For the period ended July 31, 2023, the company clocked revenues of Rs 39.26 crore and net profit of Rs 5.03 crore.
6) Objects of the offer
The net proceeds from the public offer will be used for capital expenditure, working capital requirement and other general corporate purposes.
7) Lead managers and Registrar
Narnolia Financial Services is acting as the lead manager to the issue and Purva Sharegistry is the registrar.
8) Issue structure
About 50% of the offer is reserved for qualified institutional investors, 35% for retail investors and 15% for non-institutional investors.
9) Important dates
The IPO opens on December 21 and will close on December 26. The final allotment will likely be made on December 27. The company’s shares will likely get listed on December 29.
10) Listing of shares
The company’s shares will get listed on the NSE SME platform.