Mon Dec 16 13:29:47 UTC 2024: **Supreme Facility Management IPO Oversubscribed, Allotment Expected Today**

**MUMBAI, INDIA (December 16, 2024)** – The ₹50-crore initial public offering (IPO) of Supreme Facility Management Ltd., an integrated facility management services provider, has been significantly oversubscribed, closing at over 27 times its offering. The IPO, which consisted of a fresh issue of 65.79 lakh shares, opened on December 11th and closed on December 13th on the NSE SME platform. The price band was set at ₹72-₹76 per share.

The strong investor response saw retail individual investors (RIIs) oversubscribe their portion by more than 42 times. Non-institutional investors (NIIs) subscribed 15 times, while qualified institutional buyers (QIBs) subscribed 8 times. The company is expected to finalize share allotment today, December 16th. Successful applicants will be notified via email and SMS. They can also check their allotment status on the NSE website and the IPO registrar Kfin Technologies’ website.

Supreme Facility Management plans to use ₹30 crore of the IPO proceeds to fund its working capital needs for fiscal years 2025 and 2026. The company reported revenue of ₹356.95 crore for the fiscal year ending March 31, 2024, and a profit after tax of ₹8.33 crore. Post-IPO, promoter shareholding will decrease to 71.51%. The company’s shares are slated to list on the NSE SME platform on December 18th.

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