{"id":46501,"date":"2024-12-10T18:19:04","date_gmt":"2024-12-10T12:49:04","guid":{"rendered":"https:\/\/theeveningpost.in\/index.php\/2024\/12\/10\/supreme-facility-management-limited-ipo-opens-on-december-11-2024\/"},"modified":"2024-12-10T18:19:04","modified_gmt":"2024-12-10T12:49:04","slug":"supreme-facility-management-limited-ipo-opens-on-december-11-2024","status":"publish","type":"post","link":"https:\/\/theeveningpost.in\/index.php\/2024\/12\/10\/supreme-facility-management-limited-ipo-opens-on-december-11-2024\/","title":{"rendered":"Supreme Facility Management Limited IPO Opens on December 11, 2024"},"content":{"rendered":"
\n
\n

Mumbai (Maharashtra) [India], December 10: <\/strong>Supreme Facility Management Limited specializing in comprehensive Integrated Facilities Management and Support Services,\u00a0proposes to open its\u00a0Initial Public Offering on\u00a0Wednesday,\u00a0December\u00a011, 2024, aiming to raise\u00a0\u20b9\u00a050\u00a0Crore\u00a0(at upper end of price band), with shares to be listed on the NSE Emerge platform.<\/p>\n

The issue size is Up To\u00a065,79,200\u00a0equity shares at a face value of\u00a0\u20b9\u00a010 each with a price band of\u00a0\u20b9\u00a072\u00a0\u2013\u00a0\u20b9\u00a076\u00a0Per Share.<\/p>\n

Equity Share Allocation<\/strong><\/p>\n

\u2022\u00a0Qualified Institutional Buyer<\/strong> \u2013\u00a0Not More Than\u00a06,25,600Equity Shares<\/p>\n

\u2022\u00a0Non-Institutional Investors<\/strong> \u2013 Not Less Than\u00a028,11,200Equity Shares<\/p>\n

\u2022\u00a0Retail Individual Investors<\/strong> \u2013\u00a0Not Less Than\u00a028,12,800Equity Shares<\/p>\n

\u2022\u00a0Market Maker<\/strong> \u2013 Up To\u00a03,29,600\u00a0Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized for\u00a0Fundingworking capital requirements,\u00a0Pursue\u00a0inorganic initiativesthrough strategic acquisitions of high margin businesses supplemental to\u00a0company\u2019s\u00a0operations\u00a0and\u00a0general corporate\u00a0purposes.\u00a0The issue will close on\u00a0Friday,\u00a0December\u00a013, 2024.<\/p>\n

The Book Running Lead Manager to the Issue is\u00a0Khandwala Securities Limited, The Registrar to the Issue is\u00a0<\/a>KFin Technologies Limited.<\/p>\n

Mr.\u00a0Amol Shingate,\u00a0CEO\u00a0& Director, of\u00a0Supreme Facility Management Limited\u00a0said, \u201cIt is with great enthusiasm that we announce our upcoming IPO.\u00a0We are pleased to share with you the ongoing growth and success of Supreme Facility. As provider of Integrated Facilities Management (IFM) and support services, we remain committed to delivering exceptional value to our clients across various industries.<\/p>\n

The proceeds from this IPO will play a crucial role in strengthening our financial position by funding our working capital requirements. This will allow us to better manage our day-to-day operations, ensuring that we continue to deliver exceptional value to our clients across diverse industries. Additionally, the funds will support our efforts to pursue inorganic growth opportunities, allowing us to further expand our service offerings and market presence.\u201d<\/p>\n

Mr.\u00a0Rinav Manseta Associate\u00a0Director of\u00a0Khandwala Securities Limited\u00a0said,\u00a0\u201cWe are pleased to be associated with the upcoming IPO of Supreme Facility Management Limited,\u00a0is engaged\u00a0in the Integrated Facilities Management and support services industry. As the IFM industry experiences rapid growth, driven by increasing demand for streamlined and professional facility management solutions,the company\u00a0is well-positioned to capitalize on this momentum.<\/p>\n

We are confident that this initiative will drive the company\u2019s expansion into new markets, strengthen its capabilities, and further integrate its growth with the ever-evolving demands of the industry.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], December 10: Supreme Facility Management Limited specializing in comprehensive Integrated Facilities Management and Support Services,\u00a0proposes to open its\u00a0Initial Public Offering on\u00a0Wednesday,\u00a0December\u00a011, 2024, aiming to raise\u00a0\u20b9\u00a050\u00a0Crore\u00a0(at upper end of price band), with shares to be listed on the NSE Emerge platform. The issue size is Up To\u00a065,79,200\u00a0equity shares at a face value of\u00a0\u20b9\u00a010…<\/p>\n","protected":false},"author":2,"featured_media":46502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[294],"class_list":["post-46501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/46501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/comments?post=46501"}],"version-history":[{"count":0,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/46501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media\/46502"}],"wp:attachment":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media?parent=46501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/categories?post=46501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/tags?post=46501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}