Fri Dec 13 07:23:18 UTC 2024: ## Supreme Facility Management IPO Opens, Aims to Raise ₹50 Crores

**Mumbai, December 11, 2024** – Supreme Facility Management, a leading provider of integrated facility management services to businesses, launched its initial public offering (IPO) today. The IPO, aiming to raise ₹50 crores, will remain open until December 13th.

The company offers a range of B2B services, including housekeeping, cleaning, disinfection, pest control, horticulture, facade cleaning, and various support services for businesses through long-term contracts. Established in 2005, Supreme Facility Management operates primarily in the integrated facility management sector.

The IPO’s price band is set at ₹72-₹76 per share, with a minimum application amount of ₹121,600 (1,600 shares). The allocation is split as follows: 45.01% for retail investors, 10.01% for Qualified Institutional Buyers (QIBs), and 44.98% for Non-Institutional Investors (NIIs). The shares will be listed on the National Stock Exchange of India (NSE).

Investors are advised to consider the QIB, NII, and retail subscription numbers before applying and to adopt a long-term investment strategy. Applications can be made through ASBA via online banking or by using physical IPO application forms.

Early reports indicate strong demand for the IPO. Note that the following sentence and unrelated text have been removed to focus only on the subject of the news article: “Supreme Facility Management IPO Subscribed over 4.16x on its second day of subscription”.

Read More