Supreme Facility Management IPO Day 3: Check subscription, key dates, GMP, price band and other details

The SME IPO of Supreme Facility Management was fully subscribed on Friday with overall subscriptions reaching 27.01 times on the final day of bidding. The company aims to raise Rs 50 crore through the SME IPO and the shares are set to list on the NSE SME platform.

Subscriptions from the retail individual investors stood at 42.50 times, the non institutional investors had subscribed by 15.70 times, while the qualified institutional investors category was subscribed with 8.24 times subscriptions.

Supreme Facility Management IPO size

The IPO is entirely a fresh equity sale of 65.79 lakh shares and through the issue, the company plans to raise Rs 50 crore.

Supreme Facility Management IPO: Price band

The company is offering its shares at Rs 72-76 per share, and investors can bid for 1,600 shares in one lot.

Supreme Facility Management IPO: GMP

Ahead of the issue, Supreme Facility Management’s unlisted shares were trading at Rs 100 per share on Friday in the unofficial market, reflecting a grey market premium (GMP) of about 31.6% against the upper end of the IPO price band of Rs 76.

Supreme Facility Management IPO: Issue structure

About 10% of the offer is reserved for QIB investors, 45% for retail investors and the other 45% for non-institutional investors.

Supreme Facility Management IPO: Opening date, allotment and listing date

The IPO opened on December 11 and will close on December 13. The final allotment will likely be made on December 16. The company's shares are set to list on NSE on December 18.

About Supreme Facility Management

The company is an integrated business services provider focused in offering integrated facility management (IFM) services and other support services (Support Services) to industries across multiple sectors.

Supreme Facility Management IPO: Industry Overview

The integrated facility management (IFM) market in India has been growing steadily over the last decade and is set to witness significant growth momentum over the next 5 years. According to industry reports, the market was valued at around Rs 90 thousand crores in 2023 and is expected to reach 190 thousand crores by 2029, growing at a compound annual growth rate (CAGR) of about 14%.

Supreme Facility Management IPO: Financial performance

For the quarter ended June 2024, the company clocked total revenues of Rs 99.32 crore and net profit of Rs 2.4 crore.

Supreme Facility Management IPO: Lead managers and Registrar

Khandwala Securities is acting as the lead manager to the issue and Kfin Technologies is the registrar.

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