The Supreme Facility Management IPO has generated significant interest among investors, with the small and medium-sized enterprise (SME) offering showing promising subscription figures. As of the second day of bidding, the IPO has been subscribed 4.15 times, indicating strong demand, particularly from retail investors. This article will delve into the details of the IPO, including its subscription status, price band, and the latest GMP (Grey Market Premium).
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Supreme Facility Management IPO: Subscription Details
The Supreme Facility Management IPO opened for public subscription on December 11 and will close on December 13. The company is offering a total of 65,79,200 shares as part of this public issue. The price band for the IPO is set between ₹72 and ₹76 per share, making it an attractive investment opportunity for many.
On the first day of the issue, the IPO was subscribed 1.77 times, with the retail portion seeing the highest demand. By the second day, the retail segment was subscribed 7.65 times, showcasing the strong interest from individual investors. The non-institutional investors (NIIs) portion was subscribed 1.34 times, while the qualified institutional buyers (QIB) segment saw a subscription of 1.06 times.
Key Subscription Figures
- Total Shares Offered: 65,79,200
- Retail Investor Allocation: 28,12,800 shares (42.75%)
- Qualified Institutional Buyers (QIB) Allocation: 6,25,600 shares (9.51%)
- Non-Institutional Investors (NII) Allocation: 28,11,200 shares (42.73%)
The minimum lot size for the IPO is 1,600 shares, requiring a minimum investment of ₹1,21,600 for retail investors. For high-net-worth individuals (HNIs), the minimum investment is ₹2,43,200, which corresponds to 2 lots or 3,200 shares.
Supreme Facility Management IPO GMP
As of today, the GMP (Grey Market Premium) for the Supreme Facility Management IPO stands at ₹24. This premium suggests that the estimated listing price could be around ₹100, which represents a potential gain of approximately 31.58% per share. The company aims to raise ₹50 crore through this public issue, which will be utilized to enhance its operational capabilities and expand its service offerings.
Company Overview
Supreme Facility Management, established in 1983 under the L V Shinde Group, specializes in integrated facility management services. The company provides a range of solutions, including supply chain management, employee transportation, corporate food services, and production support. With a focus on safety and sustainability, Supreme Facility Management aims to streamline operations for diverse corporate needs.
Important Dates
- IPO Opening Date: December 11, 2024
- IPO Closing Date: December 13, 2024
- Allotment Date: Expected on December 16, 2024
- Tentative Listing Date: December 18, 2024, on NSE SME
Conclusion
The Supreme Facility Management IPO is shaping up to be a significant event in the SME sector, with strong subscription figures and a promising GMP. Investors looking for opportunities in the market should keep an eye on this IPO as it approaches its closing date. With its established history and diverse service offerings, Supreme Facility Management is poised for growth, making it an attractive option for potential investors.
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FAQs
1. What is the subscription status of the Supreme Facility Management IPO?
As of the second day of bidding, the Supreme Facility Management IPO has been subscribed 4.15 times overall. The retail portion was subscribed 7.65 times, while the NII and QIB portions were subscribed 1.34 times and 1.06 times, respectively.
2. What is the Grey Market Premium (GMP) for the Supreme Facility Management IPO?
The current GMP for the Supreme Facility Management IPO is ₹24, indicating that the estimated listing price could be around ₹100. This suggests a potential gain of approximately 31.58% per share for investors.
