{"id":34891,"date":"2023-12-21T05:58:46","date_gmt":"2023-12-21T05:58:46","guid":{"rendered":"https:\/\/theindianinfluencer.com\/index.php\/2023\/12\/21\/supreme-power-equipment-limited-ipo-opens-on-21st-december-sets-price-band-at-rs-61-rs-65\/"},"modified":"2023-12-21T05:58:46","modified_gmt":"2023-12-21T05:58:46","slug":"supreme-power-equipment-limited-ipo-opens-on-21st-december-sets-price-band-at-rs-61-rs-65","status":"publish","type":"post","link":"https:\/\/theindianinfluencer.com\/index.php\/2023\/12\/21\/supreme-power-equipment-limited-ipo-opens-on-21st-december-sets-price-band-at-rs-61-rs-65\/","title":{"rendered":"Supreme Power Equipment Limited IPO Opens on 21st December sets price band at Rs.61 \u2013 Rs.65"},"content":{"rendered":"<div>\n<p><strong>New Delhi (India), December 21<\/strong>: Supreme Power Equipment Limited\u00a0(SPEL), a distinguished player in the power and distribution transformer manufacturing industry,\u00a0has announced its plans to go public with an Initial Public Offering on\u00a021st\u00a0December, 2023. The company is aiming to raise\u00a0\u20b9\u00a046.67\u00a0Crore\u00a0on upper band price\u00a0through this IPO, with shares set to be listed on the\u00a0NSE EMERGE platform.<\/p>\n<p>The issue size is Up to\u00a071,80,000\u00a0equity shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n<p>Equity Share Allocation<\/p>\n<p>\u25cf\u00a0QIB Anchor Portion \u2013 Up To\u00a018,70,000\u00a0Equity Shares<\/p>\n<p>\u25cf\u00a0Qualified Institutional Buyers (QIB) \u2013 Up To\u00a012,50,000Equity Shares<\/p>\n<p>\u25cf\u00a0Non-Institutional Investors (NII) \u2013 Up To\u00a09,40,000Equity Shares<\/p>\n<p>\u25cf\u00a0Retail Individual Investors (RII) \u2013 Up To\u00a021,88,000Equity Shares<\/p>\n<p>\u25cf\u00a0Market Maker \u2013\u00a09,32,000\u00a0Equity Shares<\/p>\n<p>The net proceeds from the IPO will be utilized for capital expenditure requirements, working capital needs, and general corporate expenses.\u00a0The bidding for Anchor portion will open on 20th\u00a0December, 2023 and the issue closes on\u00a026th\u00a0December, 2023.<\/p>\n<p>The Book Running Lead Manager to the Issue\u00a0is\u00a0<a><\/a>Narnolia Financial Services Limited.\u00a0The Registrar to the Issue is\u00a0Purva\u00a0Share registry\u00a0Private Limited.<\/p>\n<p>Mr.\u00a0Vee Rajmohan,\u00a0Chairman And Managing Director\u00a0of\u00a0Supreme Power Equipment Limited\u00a0said,\u00a0\u201cThis\u00a0IPO\u00a0marks a significant milestone for us, and we are enthusiastic about the opportunities and growth that lies\u00a0ahead.\u00a0With over 29 years in the industry, we have proudly positioned ourselves asone of the\u00a0leading manufacturer of power and distribution transformers\u00a0in Tamil Nadu.\u00a0This forthcoming step is a testament to our unwavering commitment to innovation and reliability.<\/p>\n<p>The net proceeds will be directed towards fulfilling our working capital requirements, funding capital expenditures, and managing general corporate expenses. We look forward to continued success in the transformer industry.\u201d<\/p>\n<p>Mr. Vipin Aggarwal, Director of Narnolia Financial Services Limited said, \u201cWe are pleased to be part of this milestone journey with Supreme Power Equipment Limited. As a distinguished player in the power and distribution transformer manufacturing industry, Supreme Power Equipment Limited showcases resilience and unmatched expertise. Their commitment to quality and innovation positions them as a leader in the field. As we embark on this collaborative journey, we look forward to contributing to their success and supporting their business growth.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), December 21: Supreme Power Equipment Limited\u00a0(SPEL), a distinguished player in the power and distribution transformer manufacturing industry,\u00a0has announced its plans to go public with an Initial Public Offering on\u00a021st\u00a0December, 2023. The company is aiming to raise\u00a0\u20b9\u00a046.67\u00a0Crore\u00a0on upper band price\u00a0through this IPO, with shares set to be listed on the\u00a0NSE EMERGE platform. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20],"class_list":["post-34891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/34891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/comments?post=34891"}],"version-history":[{"count":0,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/34891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media\/34892"}],"wp:attachment":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media?parent=34891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/categories?post=34891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/tags?post=34891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}