Supreme Power Equipment Limited IPO ⚡🔧
ISSUE DETAILS 📊
- IPO Size: Rs. 46.67 Cr (Fresh issue aggregating up to Rs. 46.67 Cr)
- Face Value: Rs. 10 Per Equity Share
- Price Band: Rs. 61-65 Per Share
- Min Investment: 1,30,000 (2000 Shares)
- Listing At: NSE SME
- Registrar: Purva Sharegistry India Pvt Ltd
The promoters of the company are Mr Vee Rajmohan and Mr K V Pradeep Kumar.
ABOUT THE COMPANY 🏭🌐
Incorporated in 1994, Supreme Power Equipment Limited is engaged in manufacturing, upgrading and renovating various types of transformers such as power transformers, generator transformers, windmill transformers, distribution transformers, isolation transformers, solar transformers, energy efficient transformers, converters and rectifier transformers.
The company’s product portfolio includes
- Power transformers
- Distribution transformers
- Windmill transformers
- Insulation transformers
- Solar transformers
- Energy-efficient transformers
- Converter and rectifier transformers
- Insulators Generator transformers
The company has supplied transformers for various sectors, including the local public power utility and the windmill segment.
The company has also supplied transformers to Gamesa Spain, a multinational company, for its solar energy projects in India.
These transformers have a voltage range of 16KVA to 25MVA/110KV and a power range of 1250KVA/22KV to 6000 KVA/33KV.
SEPL is ISO 9001:2015 certified for the design, manufacture, service and supply of transformers. The company’s manufacturing facility is spread over an area of 17,876 square metres in Thirumazhisai, Thiruvallur Chennai.
The production facilities are equipped with modern machinery and technology, resulting in lower manufacturing costs for transformers.
OFFER BREAKUP 💼
| Category | Allocation | Issue Size (Rs in Cr) |
| QIB | 50% | 23.33 |
| NIB | 15% | 7.00 |
| Retail | 35% | 16.34 |
| Total | 100% | 46.67 |
IPO OBJECTIVES 🎯
The objects of the Issue are:-
- To meet the Capital Expenditure
- To meet the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
IPO TIMELINE ⏰
| IPO Open Date | 21-Dec -2023 |
| IPO Close Date | 26-Dec -2023 |
| Basis of Allotment Date | 27-Dec -2023 |
| Initiation of Refunds | 28-Dec -2023 |
| Credit of Shares to Demat Account | 28-Dec -2023 |
| IPO Listing Date | 29-Dec -2023 |
IPO STRENGTHS ✔️
- Highly crafted and well-engineered product base.
- Well-equipped manufacturing facilities.
- Wide product portfolio
- Organized and focused marketing team
- Cordial relations with our customers and Suppliers
- Experienced and Strong Management team
IPO RISKS ⚠️
- Their Promoters/ Directors are involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render them liable to penalties and may adversely affect their business and the result of operations.
- They do not have long-term contracts with their suppliers and therefore, there may be potential unavailability of raw materials in future, which may adversely affect their business operations.
- The majority of their revenue primarily comes from the state of Tamil Nadu in terms of geographical distribution. Economic instability in the state can have a direct and immediate negative effect on their business.
- Their top ten customers contributed a significant portion of their revenues during the current and previous financial years. Any loss of business from one or more of them may adversely affect their revenues and profitability.
FINANCIAL DATA 💰
| Assets | Revenue | PAT | |
| 2023 | 6901.04 | 9990.85 | 1107.88 |
PEER COMPANIES 🌐
- TD Power System Limited
- Transformers & Rectifiers (India) Limited
- Indo Tech Transformers Limited
- VoltAmp Transformers Limited
Also Read: Charting the Future: India’s New Tech Companies at a Crossroads of Challenges and Opportunities
