Supreme Facility Management IPO allotment expected today: Here’s how to check status online

Integrated facility management services provider Supreme Facility Management Ltd is expected to finalise the IPO share allotment status on Monday, December 16.

The ₹50-crore initial public offering (IPO) received a robust response from investors with the issue getting subscribed by 27 times.

The IPO opened for subscription on December 11 and closed on December 13 on the NSE SME platform.

According to the exchange data, the integrated facility management and support services provider’s SME IPO was booked a little over 27 times.

The NSE SME offer received bids for 16.91 crore shares against 62.49 lakh shares on offer for subscription, leading to an overall subscription of 27 times.

Retail Individual Investors (RIIs) placed bids for 11.95 crore shares against 28.12 lakh shares on offer. The retail portion of the IPO was subscribed more than 42 times. The Non-Institutional Investors (NIIs) placed bids for 4.44 crore shares against 28.11 lakh shares on offer for them, resulting in a subscription of 15 times in the category.

The Qualified Institutional Buyers (QIBs) applied for 51.55 lakh shares against 6.25 lakh shares set aside for them. The QBIs’ quota was booked 8 times.

Here’s how to check IPO share allotment status

After the robust bidding, IPO investors are awaiting the finalisation of share allotment by the facility services provider. Successful applicants would be updated about the allotment through emails and SMS. The investors can also check the allotment status on the websites of the NSE and IPO registrar Kfin Technologies.

Steps to check IPO allotment on registrar’s website:

• Visit Kfin Technologies Ltd’s official website at https://www.kfintech.com
• Go to Products section on the main menu
• Under the Investors’ category choose ‘IPO Allotment Status’
• Select any of the links from 5 options
• From the drop down menu for IPOs, select Supreme Facility Management Ltd
• Enter application number or PAN number, or client ID
• Enter the captcha code and click Submit.

Steps to check Supreme Facility Management IPO allotment status on NSE

• Open NSE IPO allotment page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (New investors need to register on the NSE website before checking IPO allotment status).
• Select Supreme Facility Management Ltd as issue name.
• Verify PAN
• Enter IPO application Number
• Click on Submit

Key details of the Supreme Facility Management IPO

Supreme Facility Management is an integrated facility management services and other support services. The company offers services in the B2B segment and its portfolio includes soft services like housekeeping and cleaning services and hard service such as repair maintenance, overhaul and performance management of electrical, plumbing and staffing service. It also supplies the workforce for various support services.

Here are the key details about the IPO:

• The ₹50-crore book-built public offer of Supreme Facility Management consisted of a fresh issue of 65.79 lakh shares and no offer-for-sale (OFS) component.
• The price band was set at ₹72 per share to ₹76 per share.
• The lot size was 1600 shares for retail investors, the minimum investment required was ₹1,21,600.
• IPO was open for subscription from December 11 to December 13.
• Refunds and credit of shares to be initiated on December 17.
• The company has proposed to list its shares on the NSE SME platform on December 18.

Supreme Facility Management IPO: Use of proceeds

Supreme Facility Management has proposed to utilise ₹30 crore of the IPO proceeds to finance its working capital requirements in Fiscal year 2025 and Fiscal year 2026.

As of June 30, 2024, its outstanding indebtedness in respect of its working capital facilities was ₹31.53 crore on a consolidated basis, according to its RHP.

Key financials

Supreme Facility Management posted revenue of ₹356.95 crore for the financial year ended on March 31, 2024, against ₹330.78 crore in the preceding fiscal.

The profit after tax in FY 2023-24 was ₹8.33 crore against ₹5.89 crore in FY 2022-23.

Shareholding Pre and Post Issue

Promoter and promoter group entities hold a 97.29% stake in the company (pre-IPO) and public shareholders have a 2.71% stake in the company.

Lalasaheb Vitthalrao Shinde, Rajendra Lalasaheb Shinde and Manisha Rajendra Shinde are the promoters of the company.

After the issue promoter shareholding will drop to 71.51%.