Supreme Facility Management IPO to Hit Dalal Street on December 11, Price Band Set at Rs 72-76 Per Share

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Mumbai, December 7, 2024 – Supreme Facility Management, a leading provider of integrated facility management services, is set to launch its Initial Public Offering (IPO) on December 11, 2024. The company has announced a price band of Rs 72-76 per share for the public offering, which will be available for subscription until December 13, 2024.



The IPO aims to raise approximately Rs 400 crore through a mix of fresh issuance of shares and an offer for sale by existing investors. The funds raised will be utilized to support the company's expansion plans, strengthen its balance sheet, and further its presence in the fast-growing facility management sector.

Strong Market Interest Expected

Supreme Facility Management has garnered significant attention in the lead-up to its IPO, with analysts noting the growing demand for outsourced facility services across industries, particularly in urban centers. The company offers a range of services including housekeeping, security, and maintenance to corporate clients, making it well-positioned to capitalize on the increasing trend of businesses outsourcing non-core functions.

Financial Performance

For the fiscal year ending March 31, 2024, Supreme Facility Management reported a revenue of Rs 350 crore and a net profit of Rs 45 crore, demonstrating steady growth in the competitive facility management industry. The company has also highlighted its robust business model, which includes long-term contracts with clients and a diverse service portfolio.

Subscription Details

Investors can bid for the shares in a lot size of 200 shares, with the minimum investment amount set at Rs 14,400 at the lower price band. The IPO will be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Market experts anticipate strong demand for the offering, as Supreme Facility Management enters the market at a time when investors are seeking exposure to companies benefiting from the growth of service-oriented businesses in India.

Outlook

The launch of Supreme Facility Management's IPO adds to the growing number of IPOs in the Indian market, as companies continue to tap the capital markets to fuel their expansion. As the offering opens next week, all eyes will be on investor response and whether the company can achieve its desired valuation.

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