| IPO date | 21 Dec 2023 – 26 Dec 2023 |
| Listing date | 29 Dec 2023 |
| Price range | 61 – 65 |
| Minimum order quantity | 2000 | (D)RHP | View |
Supreme Power Equipment Limited is launching its IPO. The IPO opens for subscription on 21st December and will close on 26th December 2023.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on the listing.
What does Supreme Power Equipment Limited do?
Incorporated in 1994, Supreme Power Equipment Limited engages in the manufacturing and upgrading of a variety of transformers, including power, distribution, windmills, isolation, solar, energy-efficient, converters, and rectifier transformers.
The company has a significant presence in the windmill segment, supplying over 1500 transformers to various projects in India and abroad. In 2005, Supreme Power Equipment Limited transitioned to a private limited company, augmenting its production and testing capabilities to include transformers up to 25MVA/132KV Class.
Schedule of Supreme Power Equipment Limited IPO
| Issue Period | 21st December to 26th December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 27, 2023 |
| Initiation of Refunds | December 28, 2023 |
| Credit of Shares | December 28, 2023 |
| Date of Listing | December 29, 2023 |
| Mandate end date | January 10, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 26, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 26, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Supreme Power Equipment Limited IPO?
You can apply for the Supreme Power Equipment Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Supreme Power Equipment Limited IPO?
You can check the allotment status for the Supreme Power Equipment Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.