Supreme Facility Management IPO had a lackluster debut on December 18, with shares listed at ₹75 apiece, a 1.32% discount to the issue price of ₹76 per share on the NSE SME platform.
Supreme Facility Management IPO Details:
- Issue Price: ₹76 per share
- Listing Price: ₹75 per share
- IPO Size: ₹50 crore (fresh issue of 65.79 lakh shares)
- IPO Subscription:
- Retail: 42.5 times
- QIB: 8.24 times
- NII: 15.7 times
- Overall: 27.01 times
- GMP Before Listing: ₹24 per share, indicating a 32% expected premium, which fell short.
Company Overview:
Supreme Facility Management provides integrated facility management services, and the IPO proceeds are intended to fund:
- Working capital requirements
- Inorganic initiatives
- General corporate purposes
The IPO was managed by Khandwala Securities, and Kfin Technologies acted as the registrar.
Despite strong subscription numbers, the muted debut has surprised analysts who expected a premium listing driven by strong grey market signals.
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