Business description – Supreme Engineering is engaged in the business of manufacturing special alloys and special wire products. It has two manufacturing units Unit I being the Special Steels division, located at Khopoli, and engaged in 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; and Unit II being the Wire division, located at Rabale, Navi Mumbai, engaged in the manufacturing of wires, bright bars, fine wires and profiles.
Over the years, the company has expanded its operations by investing in high-end technology & infrastructure and presently has these two units. Both these units have different product processing capabilities with modern infrastructure. The Special steels division is equipped with advanced technology such as Vacuum Induction Melting (VIM), Argon-oxygen decarburisation (AOD), Electro-slag Refining (ESR), Radial Forging Machine (GFM), Rolling Mill, Heat treatment furnaces, bright bar plant & machine shop for manufacturing special alloys. Manufacturing facilities at the wire division include heat-treatment furnaces, coil to coil peeling machines, drawings machines, bright bar plant and cold-rolling facilities. The units have been approved by various Defence Public Sector Undertakings, Public Sector Undertakings, Ordnance factories and undertakings belonging to aerospace, automotive and energy sectors.
Promoters of Supreme Engineering – Sanjay Chowdhri, Sanjay Chowdhri HUF and Mrs Lalita Chowdhri
| Supreme Engineering IPO details | |
| Subscription Dates | 24 – 29 August 2018 |
| IPO Price band | INR27 – 32 per share |
| Fresh issue | 6,579,000 shares (INR21.05 crore) |
| Offer for sale | Nil |
| Total IPO size | 6,579,000 shares (INR21.05 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Part finance the Working Capital requirements – INR7 crore
- Part repayment of High Cost Debt
- Capital Expenditure – INR0.95 crore
- General corporate purposes
- Public issue expenses
| Supreme Engineering’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | |
| Total revenue | 58.4 | 77.3 | 79.6 | 113.6 | 120.9 | 152.3 |
| Total expenses | 57.5 | 77.0 | 78.4 | 112.2 | 118.0 | 144.9 |
| Profit after tax | 3.9 | 0.2 | 0.7 | 1.1 | 2.1 | 4.6 |
Supreme Engineering’s Contact Details
Supreme Engineering Limited
R-223, M.I.D.C. Complex, Rabale
Thane Belapur Road
Navi Mumbai 400 701
Phone: +91 22 2769 2232
Email: [email protected]
Website: www.supremesteels.com
- Supreme Engineering IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.20 |
| Day 2 | 0.32 |
| Day 3 | 0.45 |
| Day 4 | 1.12 |
Supreme Engineering Valuation (For latest FY)
Earnings Per Share (EPS): INR3.17
Price/Earnings (P/E) ratio: To be updated
Return on Net Worth (RONW): 16.03%
Net Asset Value (NAV): INR15.76 per share
Registrar of Supreme Engineering IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Supreme Engineering IPO Allotment Status
Supreme Engineering IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Supreme Engineering
IPO Opening Date: 24 August 2018
IPO Closing Date: 29 August 2018
Listing Date: 6 September 2018
Listing Price on NSE SME: INR27.1 per share (up 0.37% from IPO price)
Closing Price on NSE SME: INR27.55 per share (up 2.04% from IPO price)
How much is total debt…?
Why ipo stil not subscribe and
fincial position of company ……Total debts of company?