Supreme Power Equipment SME IPO opens for subscription. All you need to know

The initial public offering (IPO) of Supreme Power Equipment opened for subscription on Thursday. The issue closes on December 26. Here are 10 things to know about the offer.

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.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Secular Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – seculartimes.com. The content will be deleted within 24 hours.

Leave a Comment