Business Standard

Supreme Power Equipment Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

46.67 cr

Price Range (₹)

65

Lot Size

2000

Min Investment (₹)

1,30,000.00

Listing Exchange

NSE - SME

Open Date

21-Dec-2023

Close Date

26-Dec-2023

Listing Date

29-Dec-2023

Supreme Power Equipment Ltd News

    The Shares of Supreme Power Equipment Ltd have now been listed.

    Supreme Power Equipment Ltd IPO Details

    Initial public offering up to 71,80,000 equity shares of Rs. 10/- each (Equity Shares) of Supreme Power Equipment Limited (SPEL or the Company) for cash at a price of Rs. 65/- per equity share (the Issue Price), aggregating to Rs. 46.67 crores (The Issue). Out of the issue, 9,32,000 equity shares aggregating to Rs. 6.06 crores will be reserved for subscription by market maker (Market Maker Reservation Pportion). The issue less the market maker reservation portion i.e. issue of 62,48,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 65/- per equity share aggregating to Rs. 40.61 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 28.73% and 25.00%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the floor price and cap price are 6.1 times and 6.5 times of the face value of the equity shares, respectively.

    Objective of issue

    Capital Expenditure. Working Capital Requirement. General Corporate Purposes.

    Supreme Power Equipment Ltd Contact Details

    Supreme Power Equipment Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

    Phone - 91-22-23010771/23018261

    Fax - 91-22-23012517

    Email - cs@supremepower.in

    Website - www.supremepower.in