IPO Details
Bidding Dates
11 Dec '24 - 13 Dec '24
Minimum Investment
₹1,21,600 / 1 Lot (1,600 Shares)
Price Range
₹72 - ₹76
Maximum Investment
₹1,21,600 / 1 Lot (1,600 Shares)
Retail Discount
Not Applicable
Issue Size
₹50.00 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Supreme Facility Management IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Dec 11, 2024
IPO Closing Date
Dec 13, 2024
Basis of Allotment
Dec 16, 2024
Initiation of Refunds
Dec 17, 2024
IPO Listing Date
Dec 18, 2024
Supreme Facility Management IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Dec 11, 2024 |
1.06 | 0.55 | 3.05 | 1.73 |
Day 2Dec 12, 2024 |
1.06 | 0.74 | 4.37 | 2.41 |
Day 3Dec 13, 2024 |
1.06 | 2.98 | 13.63 | 7.58 |
About Supreme Facility Management IPO
The Supreme Facility Management IPO is a book-built issue aiming to raise ₹50.00 crores. The IPO consists entirely of a fresh issue of 65.79 lakh shares. The subscription period for the IPO is from December 11, 2024, to December 13, 2024, with allotment finalisation scheduled for December 16, 2024. The company's shares is listed on the NSE SME on December 18, 2024.
The IPO price band is set at ₹72 to ₹76 per share. Retail investors can apply with a minimum lot size of 1,600 shares, requiring an investment of ₹121,600. High Net-Worth Individuals (HNIs) need to apply for a minimum of 2 lots (3,200 shares), amounting to ₹243,200.
Khandwala Securities Limited is the book-running lead manager, while Kfin Technologies Limited serves as the registrar. Aftertrade Broking is the market maker for the IPO, ensuring liquidity for investors post-listing.
Industry Outlook
- The Indian IFM market is projected to grow from INR 90,000 Crores in 2023 to INR 190,000 Crores by 2029, at a CAGR of 36.12%.
- By 2029, 50% of facility management in India will be outsourced, up from 39% in 2023, driven by the development of over 100 Smart Cities.
Supreme Facility Management IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding our working capital requirements
- Pursuing inorganic initiatives
- General corporate purposes
Peer Details
Supreme Facility Management Limited operates in a unique business segment with no directly comparable listed companies in India.
About Supreme Facility Management Limited
Established in 2005, Supreme Facility Service Management Limited specialises in integrated facility management services for businesses. Their offerings include housekeeping, cleaning, disinfecting, sanitising, staffing, and corporate food solutions, segmented into Integrated Facilities Management and Support Services.
The Integrated Facilities Management portfolio encompasses:
- Soft Services: Housekeeping, sanitisation, pest control, gardening, and exterior building cleaning.
- Hard Services: Electrical and plumbing maintenance, power equipment management, including generators and UPS systems.
- Staffing Services: Providing manpower tailored to client requirements.
Their support services portfolio includes:
- Employee Transportation: Corporate commuting solutions, including shuttle and bus services.
- Production Support: Outsourced task management with retained control over processes.
- Corporate Food Services: Catering, cafeteria management, and event-specific food services.
As of September 30, 2024, the company employs 10,935 personnel, with 10,798 billable and 137 unbillable staff. Supreme Facility’s services are delivered using people, processes, and technology, ensuring long-term revenue potential through yearly contracts.
How To Check the Allotment Status of the Supreme Facility Management IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Supreme Facility Management IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Supreme Facility Management IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Supreme Facility Management IPO
Registered office: A-120, Jai Ganesh Vision, Akurdi, Pune 411035, Maharashtra, India
Phone: +91 7028091800
E-mail: compliance@supremefacility.com
Supreme Facility Management IPO Reservation
Supreme Facility Management IPO offers a total of 65,79,200 shares across various investor categories. The allocation breakdown is as follows:
|
Investor Category |
Shares Offered |
Percentage (%) |
|
Anchor Investor |
- |
- |
|
Market Maker |
3,29,600 |
5.01% |
|
Qualified Institutional Buyers (QIB) |
6,25,600 |
9.51% |
|
Non-Institutional Investors (NII/HNI) |
28,11,200 |
42.73% |
|
Retail Individual Investors (RII) |
28,12,800 |
42.75% |
|
Total Shares Offered |
65,79,200 |
100% |
Supreme Facility Management IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,600 |
₹1,21,600 |
|
Retail (Max) |
1 |
1,600 |
₹1,21,600 |
|
HNI (Min) |
2 |
3,200 |
₹243,200 |
Supreme Facility Management IPO Promoter Holding
Promoters of the company are Lalasaheb Vitthalrao Shinde, Rajendra Lalasaheb Shinde, and Manisha Rajendra Shinde.
|
Share Holding Pre-Issue |
97.29% |
|
Share Holding Post Issue |
71.51% |
Key Performance Indicators for Supreme Facility Management IPO
As of March 31, 2024, the market capitalisation of Supreme Facility Management stands at ₹188.7 crore. Here are the KPIs of Supreme Facility Management as of March 31, 2024.
|
KPI |
Value |
|
ROCE (%) |
23.10% |
|
Debt/Equity (x) |
2.49 |
|
RoNW (%) |
21.29% |
|
P/BV (x) |
3.98 |
|
PAT Margin (%) |
2.09 |
|
Metrics |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
4.06 |
3.88 |
|
P/E (x) |
18.7 |
19.59 |
Note:
- The Pre-IPO EPS is derived using the pre-issue shareholding as of the date specified in the Red Herring Prospectus (RHP) and the most recent fiscal year's earnings ending March 31, 2024, as disclosed in the RHP.
- The Post-IPO EPS is calculated based on the post-issue shareholding structure and the annualised earnings for the fiscal year ending March 31, 2024, as outlined in the RHP.
Supreme Facility Management IPO Prospectus
Supreme Facility Management IPO Registrar and Lead Managers
Supreme Facility Management IPO Lead Managers
Khandwala Securities Limited
Registrar for Supreme Facility Management IPO
Kfin Technologies Limited
- Contact Number: 04067162222, 04079611000
- Email Address: sfml.ipo@kfintech.com
Website: Supreme Facility Management IPO Registrar
Financial Performance of Supreme Facility Management Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 35,538.67 | 32,958.74 | 23,601.13 |
| Profit After Tax (PAT) (in ₹ lakh) | 1,093.17 | 728.09 | 576.91 |
| Net Asset Value (in ₹) | 19.08 | 1,118.17 | 896.80 |
| Net Worth (in ₹ lakh) | 3,483.21 | 2,795.43 | 2,241.99 |
| Return on Capital Employed (%) | 23.10 | 22.27 | 22.10 |
| Return on Net Worth (%) | 21.29 | 19.83 | 17.32 |
| Debt/ Equity (x) | 2.49 | 2.89 | 2.33 |
| Earning Per Share (EPS)-in absolute ₹ | 4.06 | 3.04 | 2.13 |
Know before investing
Strengths
12-
Diverse service portfolio includes IFM, corporate food, and logistics.
-
Delivered 25.95% CAGR revenue growth from FY 2021 to FY 2024.
-
Strong customer retention ratio of 85% across three financial years.
-
Wide operational presence across 165 client locations in India.
-
Workforce of 11,129 employees, with 11,001 billable personnel.
-
Technology-driven operations leveraging SAP for efficiency and accuracy.
-
Short-term contracts risk renewal and customer acquisition uncertainties.
-
Incomplete background verification processes may harm operational reliability.
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Future acquisitions may fail to deliver anticipated growth benefits.
-
Negative cash flow trends challenge future operational scalability.
-
Dependence on technology increases cybersecurity and data breach risks.
-
Sufficient working capital is critical for smooth business operations.
Risks
12-
Operational risks in diverse environments may impact service delivery.
-
Revenue concentration: Maharashtra contributes 81.39% in FY24 revenue.
-
Employee-related claims, disruptions could harm business reputation significantly.
-
High employee attrition rate of 30% affects growth potential.
-
Debt-equity ratio exceeds 2.0, highlighting financial leverage challenges.
-
Top 10 customers contribute 68.74% to FY24 revenue.
-
Promoters have 64+ years of facility management industry experience.
-
EBITDA margin consistently above 7%, reaching 8.08% in FY 2024.
-
Focused strategy on cross-selling services to increase wallet share.
-
Demonstrated ability to scale through strategic acquisitions and partnerships.
-
Provides tailored solutions to clients across diverse industry verticals.
-
Uses technology and automation to optimise costs and service quality.
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Supreme Facility Management IPO FAQs
Supreme Facility Management IPO is a book-built issue IPO. It will be open from December 11, 2024, to December 13, 2024.
The Basis of Allotment will happen on Monday, December 16, 2024.
The IPO subscription window will open on December 11, 2024. What minimum lot size can retail investors subscribe to? The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.
The listing date for Supreme Facility Management Limited is Wednesday, December 18, 2024.
The issue size of the Supreme Facility Management IPO is up to ₹50.00 crore, with a fresh issue of ₹50.00 crore.
The open and close dates for Supreme Facility Management IPO are from December 11, 2024 to December 13, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Supreme Facility Management’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Supreme Facility Management IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
Supreme Facility Management Limited IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).
