Supreme Engineering Ltd IPO
Issue Analysis :
| Issue opens | Aug 24, 2018 |
| Issue Closes | Aug 29, 2018 |
| Issue Price | Rs 27 to Rs 32 |
| Lot Size | 4000 |
| Issue Size | 21.05 Cr |
| Lead Manager | CKP FINANCIAL SERVICES PRIVATE LIMITED |
| Registrar | BIGSHARE SERVICES PVT. LTD |
| Platform | NSE |
Company’s Snapshot :
Incorporated in 1987, Mumbai based Supreme Engineering Limited (SEL) is a company engaged in the business of manufacturing special alloys and special wire products. The company has two manufacturing units Unit I being the Special Steels division, located at Khopoli, and engaged with 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 which have their end use in sectors such as aerospace, space, defence, nuclear power thermal power, oil & gas, and heavy engineering; and Unit II being the Wire division, located at Rabale, Navi Mumbai, engaged with the manufacturing of wires, bright bars, fine wires, and profiles. These products find their end use in sectors such as automotive, oil & gas, industrial machinery, and hand tools industries.
In the year of 2004, Supreme Special Steels was set-up with a special emphasis on the manufacturing of special steels and exotic alloys. This resulted in a dramatic expansion of the company’s offerings. Today, SEL offers Nickel-based Superalloys, Duplex & Super-duplex steel, Super-austenitic stainless steel, hot and cold work die steel and high-speed steel bars for various applications both domestically and internationally.
The company has developed exotic alloy steel bars indigenously; thereby making it the only manufacturer of exotic alloys steel bars in the private sector in India.
The Company has 36 full-time employees in addition to the management, who look after the administrative, secretarial, legal, marketing, accounting functions, business operations and factory management. Apart from these permanent employees, it has also hired approximately 100 contract labor for the processing units.
Object of the Issue:
The Objects of the Issue is to raise resources to:
- Part finance the Working Capital requirements
- Part repayment of High-Cost Debt
- Finance Capital expenditure for the following purpose:
(A) Acquisition of Plant & Machinery
(B) Up-gradation of existing technology
- Meet General Corporate Expenses
- Meet IPO Issue Expenses
Financial Highlights :
| Summary of financial Information (Restated) | ||||||
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 17,564.51 | 14,174.01 | 11,356.75 | 12,410.33 | 10,494.81 | |
| Total Revenue | 15,226.13 | 12,086.04 | 11,364.69 | 7,959.85 | 7,727.54 | |
| Profit After Tax | 465.36 | 215.04 | 112.29 | 73.77 | 19.00 | |
Company Promoters:
The Promoters of the company are Mr. Sanjay Chowdhri, Sanjay Chowdhri HUF & Lalita Chowdhri. The promoters collectively hold 58,49,500 Equity Shares, which constitutes 80.46% of the pre-issue paid-up Equity Share capital of the Company.
Contact Company Information:
Supreme Engineering Ltd
R-223, M.I.D.C. Complex,
Rabale, Thane Belapur Road
Navi Mumbai 400 701
Phone: +91 22 2769 2232
Fax: +91 22 2769 0341
Email: cs@supremesteels.com
Website: http://www.supremesteels.com
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