Supreme Facility Management Limited is set to launch its IPO. The IPO will open on 11 December 2024 (Wednesday) and close on 13 December 2024 (Friday). This is a book-built issue IPO. Through this issue, the company aims to raise approximately ₹50 crores from potential investors.
The IPO consists entirely of a fresh issue of 65,79,200 equity shares amounting to ₹50 crores. The face value of the shares is ₹10 per share, and the price band is set between ₹72 and ₹76 per share. Investors can bid for a minimum lot size of 1,600 shares.
Key Highlights of this Public Offer
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 | |
| Pricing Information | Face Value | ₹10 per share |
| Price Band | ₹72 to ₹76 per share | |
| Offer Structure | Total Issue Size | 65,79,200 shares (amounting up to ₹50 Cr) |
| Fresh Issue | 65,79,200 shares (amounting up to ₹50 Cr) | |
| Market Maker Reservation | 3,29,600 shares | |
| Investor Details | Lot Size | 1,600 Shares |
| Listing Exchange | NSE Emerge | |
| IPO Type | Book Built Issue IPO |
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | Wednesday, December 11, 2024 |
| IPO Closing Date | Friday, December 13, 2024 |
| Basis of Allotment | Monday, December 16, 2024 |
| Initiation of Refunds | Tuesday, December 17, 2024 |
| Credit of Shares to Demat Account | Tuesday, December 17, 2024 |
| Listing Date | Wednesday, December 18, 2024 |
What is GMP of Supreme Facility Management IPO Today?
As of December 14, 2024, the Grey Market Premium (GMP) for the Supreme Facility Management IPO is ₹24. This indicates that the shares are expected to list at approximately ₹100 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Standings
| Period | 30 June 2024 (₹ Lakhs) | FY 24 (₹ Lakhs) | FY 23 (₹ Lakhs) | FY 22 (₹ Lakhs) |
|---|---|---|---|---|
| Total Assets | 20,321.59 | 17,552.35 | 14,771.76 | 11,533.51 |
| Total Revenue | 9,932.76 | 35,695.39 | 33,078.49 | 23,668.80 |
| Total Expense | 9,573.11 | 34,602.22 | 32,350.40 | 23,091.89 |
| Profit After Tax | 240.83 | 741.55 | 554.21 | 388.36 |
| Company’s Net Worth | 3,720.47 | 3,483.21 | 2,795.43 | 2,241.99 |
| Total Reserves & Surplus | 1,895.47 | 1,658.21 | 2,770.43 | 2,216.99 |
Company’s Key Performance Indicators
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 23.10% |
| Return on Equity (ROE) | 21.29% |
| EBITDA Margin (%) | 8.08% |
| After Tax Profit Margin (%) | 2.09% |
| Debt to Equity Ratio | 2.49 |
| Return on Net Worth (RONW) | 21.29% |
| Net Asset Value (NAV) | ₹19.08 |
| Earnings Per Share (EPS) | ₹4.06 (Basic) |
| Price to Book Value (P/BV) | 3.98 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 1600 | ₹121,600 |
| Retail Investor (Maximum Lot) | 1 | 1600 | ₹121,600 |
| HNI Investor (Minimum Lot) | 2 | 3,200 | ₹243,200 |
Investor Category-Wise Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 10.01% of the total issue |
| Retail Shares Offered | 45.01% of the total issue |
| NII (HNI) Shares Offered | 44.98% of the total issue |
Net Cash Flow Generated
| Activity | 30 June 2024 (₹ Lakhs) | FY 24 (₹ Lakhs) | FY 23 (₹ Lakhs) | FY 22 (₹ Lakhs) |
|---|---|---|---|---|
| Net Cash from Operating Activity (A) | -219.87 | 2,442.84 | 507.75 | 421.39 |
| Net Cash Used in Investing Activities (B) | -1,922.18 | -1,636.61 | -2,210.94 | -124.79 |
| Net Cash from Financing Activities (C) | 2,122.18 | -893.65 | 1,776.15 | -523.07 |
| Net (Decrease)/Increase in Cash (A+B+C) | -19.87 | -87.42 | 72.94 | -226.47 |
Segment-wise Revenue Distribution
| Service | 30 June 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| IFM Services | 6,123.14 | 23,119.25 | 18,450.56 | 12,343.52 |
| Production Support Services | 456.06 | 1,447.13 | 1,142.89 | 1,433.66 |
| Employee Transportation Services | 2,159.18 | 7,677.61 | 9,669.97 | 7,859.99 |
| Corporate Food Solution Services | 396.86 | 1,147.22 | 866.48 | 438.65 |
| Supply Chain Management Services | 772.06 | 2,147.46 | 2,828.84 | 1,525.31 |
Revenue Contribution by Products
| Products | 30 June 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Boilers Panels & Harps | 255.77 | 796.13 | 643.62 | 803.70 |
| Oil Field Pumps, Agricultural, and Industrial Pumps | 122.13 | 336.87 | 284.82 | 342.36 |
| Heat Exchanger, Pressure Condenser, Power Turbines | 78.16 | 314.13 | 214.65 | 287.60 |
| Total | 456.06 | 1,447.13 | 1,142.89 | 1,433.66 |
State Wise Revenue Generation
| State | 30 June 2024 (%) | FY 2024 (%) | FY 2023 (%) | FY 2022 (%) |
|---|---|---|---|---|
| Andhra Pradesh | - | - | 0.99% | 0.59% |
| Gujarat | 8.91% | 9.44% | 6.74% | 8.39% |
| Haryana | 0.28% | 0.14% | 0.15% | 0.04% |
| Karnataka | 4.99% | 5.34% | 3.49% | 2.70% |
| Kerala | - | - | 0.11% | 0.24% |
| Madhya Pradesh | 0.95% | 0.63% | 1.07% | - |
| Maharashtra | 81.81% | 81.39% | 79.04% | 71.32% |
| Odisha | 0.09% | 0.18% | - | 0.62% |
| Rajasthan | 1.33% | 1.30% | 4.48% | 5.88% |
| Tamil Nadu | 0.03% | 0.03% | 2.62% | 9.21% |
| Uttar Pradesh | 1.62% | 1.55% | 1.31% | 1.01% |
Key Objectives of this Issue
The net proceeds from the issue will be utilized for the following purposes.
- Working capital requirements.
- For the expansion of business and other operational requirements.
- General corporate purposes.
Strengths & Weaknesses of the Company
Strengths:
- Strong Management Team
- Diverse Service Portfolio
- Technological Integration
- Wide Geographical Reach
Weaknesses:
- Reliance on short-term contracts increases revenue unpredictability.
- High attrition rates makes it difficult to retain manpower.
- Heavy dependency on key customers may create revenue risks.
- Exposure to legal risks, including ongoing motor accident claims.
- Intense competition in the industry affects profit margins.
Common Questions about this IPO
- What are the opening and closing dates for the Supreme Facility Management Limited public offer?
The issue opens on December 11, 2024, and closes on December 13, 2024. - What is the issue price for the Supreme Facility Management Limited public issue?
The price band is ₹72 to ₹76 per equity share. - What is the minimum lot size for retail investors in this offer?
Retail investors can bid for a minimum of 1,600 shares, amounting to ₹1,21,600 (at the upper price band). - Who is the lead manager for this issue?
The lead manager is Khandwala Securities Limited. - Who is the registrar for the Supreme Facility Management Limited public offering?
The registrar is KFin Technologies Limited. - What are the main objectives of this issue?
The funds will be utilized for working capital requirements, business expansion, and general corporate purposes. - On which stock exchange will the shares be listed?
The shares are proposed to be listed on the NSE Emerge platform. - What is the total issue size for the Supreme Facility Management Limited issue?
The total issue comprises 65,79,200 equity shares. - When will the allotment and refund process begin?
The allotment date is December 16, 2024, and refunds will begin on December 17, 2024. - When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on December 17, 2024. - What is the expected listing date for the offer?
The shares are expected to list on December 18, 2024.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Supreme Facility Management IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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