Supreme Facility Management, a company with over 40 years of experience in integrated facility management, supply chain solutions, and more, is launching its IPO to raise ₹50.00 Crores. With a strong focus on safety, sustainability, and employee experience, the company has set the price band for the IPO at ₹72 to ₹76 per equity share. The subscription period for the IPO opens on December 11, 2024, and closes on December 13, 2024, with the tentative listing date set for December 18, 2024.

The market capitalization of Supreme Facility Management, at the top of the price band, will be ₹188.70 Crores. The lot size is set at 1,600 shares, which requires a minimum investment of ₹1,21,600 for retail investors, and ₹2,43,200 for HNIs. The book-running lead manager for the IPO is Khandwala Securities Limited, with KFin Technologies Limited serving as the registrar.

IPO Grey Market Premium (GMP) Trend
As of December 13, 2024, the Grey Market Premium (GMP) for Supreme Facility Management IPO stands at ₹15, signaling a potential listing gain of 19.20%. The GMP indicates investor interest, but it should be noted that GMP is not a reliable tool for price discovery.

Live Subscription Status
On the final day of the subscription period, the IPO was subscribed 25.71 times, highlighting strong demand for the company’s shares. Investors who are looking to check the allotment status can do so by visiting the registrar’s website. The allotment is expected to be finalized by December 16, 2024.

Objectives of the IPO
The funds raised from the IPO will be used for the following purposes:

1. ₹3000.00 Lakh for working capital requirements.
2. ₹7500.00 Lakh to pursue inorganic growth initiatives.
3. To meet general corporate purposes.

Company Overview and Financial Performance
Supreme Facility Management, established in 1983 under the L. V. Shinde Group, has shown consistent growth in its financial performance. The revenue for the fiscal year 2024 was ₹35,695.39 Lakh, and the profit after tax (PAT) for FY24 stands at ₹833.11 Lakh. The company has strong ROCE and ROE figures, signaling its efficient use of capital.

For investors looking for an IPO with solid growth prospects and an attractive P/E ratio, Supreme Facility Management offers a fairly priced opportunity. The pre-issue P/E ratio is 18.72x, and the post-issue P/E ratio is 22.65x, which is competitive in comparison to the industry average.

Given the financial stability of the company and the promising growth trajectory, investors may find value in subscribing to the Supreme Facility Management IPO for listing gains or long-term investment purposes.

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