Established in 1994, Supreme Power Equipment Limited (SEPL) is involved in the manufacturing, upgrading, and renovation of various types of transformers. The product portfolio includes power transformers, distribution transformers, windmill transformers, isolation transformers, solar transformers, energy-efficient transformers, converter and rectifier transformers, isolators, and generator transformers.
The company has supplied transformers to diverse sectors, including local public electric utilities and the windmill segment. Notably, SEPL has provided transformers to Gamesa Spain for their solar power projects in India. The transformers manufactured by SEPL have a voltage range of 16KVA to 25MVA/110KV and a capacity range from 1250KVA/22KV to 6000 KVA/33KV.
Certified for Design, Manufacture, Services, and Supply of Transformers as per ISO 9001:2015, SEPL’s manufacturing unit is located in Thirumazhisai, Thiruvallur, Chennai, spanning 17,876 sq. feet. The facilities are equipped with modern machinery and technology, contributing to cost-effective transformer manufacturing.
### Supreme Power Equipment IPO Overview:
**Issue Details:**
– The IPO is a book-built issue of Rs 46.67 crores, consisting of an entirely fresh issue of 71.8 lakh shares.
– The subscription period runs from December 21, 2023, to December 26, 2023.
– Allotment is expected to be finalized on December 27, 2023, with a tentative listing date on NSE SME set for December 29, 2023.
**Price Band:**
– The IPO price band is set at ₹61 to ₹65 per share.
– The minimum lot size for an application is 2000 shares, requiring a minimum investment of ₹130,000 for retail investors and ₹260,000 for High Net Worth Individuals (HNI).
**Financial Details:**
– The total issue size is 7,180,000 shares, aggregating up to ₹46.67 crores.
– The fresh issue comprises the entire issue size.
**Key Players:**
– Narnolia Financial Services Ltd is the book running lead manager.
– Purva Sharegistry India Pvt Ltd is the registrar for the issue.
– Share India Securities serves as the market maker.
### IPO Timeline:
– IPO opens on December 21, 2023, and closes on December 26, 2023.
– Basis of Allotment: December 27, 2023.
– Refunds and Credit of Shares to Demat: December 28, 2023.
– Listing Date: December 29, 2023.
### IPO Reservation and Anchor Investors:
– QIBs can subscribe to not more than 50% of the Net Issue.
– Retail investors are offered not less than 35% of the Net Issue.
– HNIs are offered not less than 15% of the Net Issue.
– Anchor investors participated, raising Rs 12.16 crores on December 20, 2023.
### Promoter Holding:
– The promoters of Supreme Power Equipment Limited are Mr. Vee Rajmohan and Mr. K V Pradeep Kumar.
– Shareholding pre-issue is 79.37%, and post-issue is 57.54%.
### About Supreme Power Equipment Limited:
– Incorporated in 1994, the company is engaged in manufacturing, upgrading, and renovating various types of transformers.
– Product portfolio includes Power Transformers, Distribution Transformers, Windmill Transformers, Isolation Transformers, Solar Transformers, Energy Efficient Transformers, Convertor and Rectifier Transformers, Isolators, and Generator Transformers.
– Certified for Design, Manufacture, Services, and Supply of Transformers as per ISO 9001:2015.
– Manufacturing unit situated at Thirumazhisai, Thiruvallur Chennai.
### Financial Information:
– As of July 31, 2023, assets, revenue, profit after tax, net worth, reserves and surplus, and total borrowing are provided.
– Key Performance Indicators include a Return on Equity (ROE) of 59.88%, Return on Capital Employed (ROCE) of 83.01%, Debt/Equity ratio of 0.45, Earnings per Share (EPS) of Rs 6.08, and Return on Net Worth (RoNW) of 59.88%.
### Objects of the Issue:
– Capital Expenditure
– Working Capital requirements
– General Corporate Purposes
– Issue Expenses
### IPO Prospectus:
– Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) provide detailed information about the Supreme Power Equipment IPO.
This information is subject to change, and potential investors are advised to refer to the official documents for accurate and up-to-date details.
