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Supreme Facility Management IPO
Supreme Facility Management Ltd
₹1,15,200 /1600 sharesMinimum Investment
Supreme Facility Management IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹76.00 | ₹75.00 | -₹1.00 (1.32%) |
Supreme Facility Management IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 11 Dec ‘24 - 13 Dec ‘24 | ₹1,15,200 | 1,600 | ₹72 - ₹76 |
| Issue Size | IPO Doc |
|---|---|
| 50.00Cr | RHP PDF |
Subscription rate
As of 13 Dec'24, 04:00 PM
| Qualified Institutional Buyers | 1.06x |
| Non-Institutional Investor | 1.45x |
| Retail Individual Investor | 7.61x |
| Total | 3.97x |
About Supreme Facility Management
Founded in
2005
Managing director
Mr. Rajendra Lalasaheb Shinde
Parent organisation
Supreme Facility Management Ltd
Strengths & Financials of Supreme Facility Management
Strengths
Risks
Supreme Facility Management provides IFM and support services to corporate clients across various industries, including manufacturing, engineering, automotive, healthcare, fashion, retail, and digital sectors. The company claims that this diverse client base has helped reduce its reliance on specific industries or customers.
As of June 30, 2024, the company managed operations across 168 client locations through offices located across India.
Supreme Facility Management and its subsidiaries claim to have integrated advanced technology into the company to enhance efficiency and customer satisfaction. The use of systems applications and products in data processing (SAP) plays a crucial role in the company’s operations, supporting financial record-keeping, reporting, analytics, and data consolidation, it says.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 236.01 crore in FY22 to Rs 329.59 crore in FY23 to Rs 355.39 crore in FY24. PAT increased from Rs 4.26 crore in FY22 to Rs 5.89 crore in FY23 to Rs 8.33 crore in FY24.
The nature of Supreme Facility Management’s business involves providing services in varied and challenging environments. Any failure to manage operational risks, including service errors, defects, disruptions, or an inability to meet agreed standards, could negatively affect the company’s business, cash flows, and financial performance.
The company’s revenue is dependent on its IFM services. As of June 30, 2024, FY24, FY23 and FY22, IFM services contributed Rs 61.23 crore (61.80%), Rs 231.19 crore (65.04%), Rs 184.50 crore (55.98%), and Rs 123.43 crore (52.30%) to the revenue from operations respectively. Any sudden changes in this segment could lead to fluctuations in financial performance.
Supreme Facility Management derives a substantial share of its revenue from a limited number of clients. The top 10 clients contributed Rs 59.02 crore (59.57%) in Q1 FY24-FY25 and Rs 244.29 crore (68.74%), Rs 211.93 crore (64.30%), and Rs 160.50 crore (68.01%) in FY24, FY23, and FY22, respectively, to the revenue from operations. Any loss of one or more major clients or a reduction in demand from them could adversely impact the company’s finances.
The Supply Chain Management (SCM) segment contributed 7.79% of the company’s revenue. However, this segment depends heavily on a single major customer. Losing this customer could significantly impact the company’s business operations and financial condition.
The company, along with its subsidiaries, group companies, promoters, and directors, is involved in several legal proceedings, including 16 criminal cases. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
As of June 30, 2024, the company had secured long-term borrowings totalling Rs 81.66 crore and short-term borrowings amounting to Rs 31.53 crore. Any inability to repay or service these loans can adversely affect the company’s financial position.
Supreme Facility Management Financials
*All values are in Rs. Cr
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Application Details of Supreme Facility Management IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹72 - 76 | ₹2 - 5 Lakh |
| High Networth Individual | ₹72 - 76 | ₹2 - 5 Lakh |
For Supreme Facility Management IPO, eligible investors can apply as Regular.