Fri Dec 13 07:44:36 UTC 2024: ## Supreme Facility Management to Launch ₹50 Crore IPO

**Mumbai, India (October 26, 2024)** – Supreme Facility Management Limited, a leading provider of integrated facility management services, announced its initial public offering (IPO) will open on December 11, 2024, and close on December 13, 2024. The company aims to raise ₹50 crore through a book-built issue, comprising a fresh issue of the same amount.

The IPO price band is set at ₹72 to ₹76 per share, with a minimum application amount of ₹121,600 (1,600 shares). The allocation will be 45.01% for retail investors, 10.01% for qualified institutional buyers (QIBs), and 44.98% for high-net-worth individuals (HNIs). Allotment is scheduled for December 16, 2024, with listing on the National Stock Exchange (NSE) on December 18, 2024.

Supreme Facility Management, founded in 2005, provides B2B integrated facility management services, including soft and hard services, and support services such as ET services, production support, and corporate food services. The company employs 10,935 people and reported a revenue of ₹356.95 crore in 2024, a 7.91% increase from the previous year. Profit after tax (PAT) saw a significant surge of 33.8%, reaching ₹7.42 crore. Financial reports suggest the IPO is a long-term investment opportunity.

Promoters of the company are Lalasaheb Vitthalrao Shinde, Rajendra Lalasaheb Shinde, and Manisha Rajendra Shinde. Further details, including EPS, P/E ratio, RoNW, and NAV, are available on the company website (https://supremefacility.com/). Investors can contact KFin Technologies Limited ([email protected]) for more information.

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