How To Check Supreme Power Equipment IPO Allotment Status

Supreme Power Equipment Ltd’s initial public offering (IPO), which closed on Tuesday, witnessed an overwhelming response from investors. The IPO has garnered an impressive 252.60 times subscription. The Supreme Power Equipment IPO allotment is set to be finalised today, Dec. 27.

You can check the Supreme Power IPO allotment status by the following method

Checking Allotment Status on Registrar's Website:

Follow these steps to check Supreme Power IPO allotment status allotment status

  • Visit the registrar’s website.
  • In the "Select Company" dropdown menu, choose “Supreme Power.”
  • Select one of the two options to check the status: Application No or PAN.
  • Enter the details as per the option selected and click search.

See Also: Most Anticipated IPOs Of 2024 In India: A Guide To Next Year's Public Market Debuts

IPO Overview: The ₹46.67-crore IPO, open for public subscription since December 21, saw non-institutional investors subscribing 489.10 times, while retail individual investors (RIIs) subscribed 264.48 times. Qualified institutional buyers (QIBs) subscribed 88.98 times. The SME NSE IPO is set to list on Dec. 29.

Supreme Power Equipment’s IPO, a fresh issue of 71.8 lakh shares, had a price band of ₹61 to ₹65 per share, and the minimum lot size for an application was 2,000 shares. Retail investors were required to invest a minimum of ₹1,30,000.

Established in 1994, Supreme Power Equipment Limited specializes in manufacturing, upgrading, and renovating various types of transformers, including power transformers, generator transformers, windmill transformers, distribution transformers, isolation transformers, solar transformers, energy-efficient transformers, converters, and rectifier transformers.

The IPO proceeds will be allocated towards the company’s capital expenditure, working capital requirements, general corporate purposes, and issue expenses.

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