Supreme Power Equipment Ltd - IPO

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