The allotment status for Supreme Facility Management Services Limited’s Initial Public Offering (IPO) is expected to be finalized today, December 16, 2024. Investors who took part in the IPO can now view their allotment status online on the registrar’s website or through their stockbroker’s platform.
The IPO was available for subscription from December 11 to December 13. It received an overwhelming response from investors, being subscribed 27.01 times overall.
- Retail investors subscribed to the IPO 42.5 times, showing strong interest from small investors.
- Non-Institutional Investors (NIIs) subscribed 15.7 times, indicating good demand from high-net-worth individuals.
- The Qualified Institutional Buyers (QIBs) portion was subscribed 8.24 times, reflecting solid interest from institutional investors.
Supreme Facility Management IPO Price and Details
The IPO was open for subscription with a price range between ₹72 and ₹76 per share. The company planned to generate ₹50 crore at the higher price band by issuing 65.79 lakh new shares.
Retail investors were eligible to apply for at least one lot, consisting of 1,600 shares. This would require an investment of ₹1,21,600 at the highest price range.
how you can check the allotment status for the Supreme Facility Management IPO.
Investors can view their allotment status by visiting the registrar’s official website or accessing the National Stock Exchange (NSE) portal. Here’s how:
On KFin Technologies (Registrar) Website:
- Visit the KFin Technologies website.
- Choose “Supreme Facility Management IPO” from the list.
- Provide your Application Number, PAN, or Demat Account information.
- Fill in the Captcha code and click “Submit.”
- Your allotment status will appear on the screen.
On the NSE Website:
- Go to the NSE website and sign in using your details.
- Select “Supreme Facility Management IPO” from the list.
- Enter your Application Number to check the status.
- Click on “Submit” to view the results.
The Grey Market Premium (GMP) for Supreme Facility Management IPO has been trading steadily. Currently, it is at ₹24, indicating that the shares are trading ₹24 above the upper price band of ₹76.
Based on the current Grey Market Premium (GMP), the shares are expected to debut at approximately ₹100 per share, reflecting a 32% gain over the issue price. This indicates strong investor interest even before the listing on the NSE SME platform.
Supreme Facility Management Services Limited is a leading company offering comprehensive Integrated Facility Management (IFM) solutions across India. The company offers a wide range of services, including housekeeping, maintenance, and security services. It also provides staffing services to various industries. The company’s diverse service offerings make it an important player in the facility management space. The IPO proceeds will be used to fund the company’s expansion plans and improve working capital, supporting its future growth.
Investors eagerly await the IPO allotment status, which could provide clarity on their shareholding. With its strong demand in the grey market and robust subscription numbers, Supreme Facility Management Services is poised for a promising listing. Investors can expect updates soon as the allotment status gets finalized.
