The much-anticipated IPO share allotment status of Supreme Facility Management Ltd is expected to be finalized today, December 16. The ₹50-crore IPO received an overwhelming response from investors, with subscriptions exceeding 27 times the shares on offer.
A Strong Debut on the NSE SME Platform
The IPO, which was open for subscription from December 11 to December 13 on the NSE SME platform, witnessed unprecedented demand across investor categories. A total of 16.91 crore shares were bid against the 62.49 lakh shares available, reflecting robust investor confidence.
Here’s a breakdown of the subscription details:
- Retail Individual Investors (RIIs): Subscribed over 42 times, with bids for 11.95 crore shares against the 28.12 lakh shares reserved.
- Non-Institutional Investors (NIIs): Subscribed 15 times, with 4.44 crore shares bid against the 28.11 lakh shares available.
- Qualified Institutional Buyers (QIBs): Subscribed 8 times, with 51.55 lakh shares bid against the 6.25 lakh shares allocated.
How to Check IPO Allotment Status
Investors who applied for the IPO can check their allotment status through emails, SMS, or by following these steps:
- On Kfin Technologies Website:
- Visit Kfin Technologies.
- Navigate to the “IPO Allotment Status” page under the “Investors” section.
- Select the IPO name (Supreme Facility Management Ltd) and input your application number, PAN, or client ID.
- Submit the captcha code to view your allotment.
- On NSE Website:
- Open the NSE IPO Allotment Page.
- Log in (new users must register).
- Select “Supreme Facility Management Ltd” as the issue name, verify your PAN, and enter your application number to check your status.
IPO Details at a Glance
- IPO Size: ₹50 crore (65.79 lakh fresh shares, no offer-for-sale component).
- Price Band: ₹72-₹76 per share.
- Lot Size: 1,600 shares (minimum investment ₹1,21,600).
- Subscription Period: December 11-13, 2024.
- Listing Date: December 18, 2024, on the NSE SME platform.
- Refunds and Credit of Shares: Initiated by December 17, 2024.
How Proceeds Will Be Used
Supreme Facility Management plans to utilize ₹30 crore from the IPO proceeds to meet working capital needs for FY 2025 and FY 2026. The company had an outstanding working capital debt of ₹31.53 crore as of June 30, 2024.
Financial Highlights and Shareholding Pattern
The company reported a revenue of ₹356.95 crore for FY 2023-24, up from ₹330.78 crore the previous year. Profit after tax stood at ₹8.33 crore, a notable increase from ₹5.89 crore in FY 2022-23.
The promoters and promoter group, led by Lalasaheb Vitthalrao Shinde, Rajendra Lalasaheb Shinde, and Manisha Rajendra Shinde, currently hold a 97.29% stake, which will reduce to 71.51% post-issue.
This stellar IPO response underscores investor confidence in Supreme Facility Management’s growth story. Stay tuned for the allotment results and its listing debut!
