Supreme Power Equipment Limited IPO

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  1. Scope of Operations:
    • The company is actively involved in the following areas related to transformers:
      • Manufacturing
      • Up-gradation
      • Refurbishment
  2. Types of Transformers:
    • The company deals with a diverse range of transformers, including:
      • Power Transformer
      • Generator Transformer
      • Windmill Transformer (or wind turbine transformer or wind farm transformer)
      • Distribution Transformer
      • Isolation Transformer
      • Solar Transformer
      • Energy-Efficient Transformer
      • Converter Transformer
      • Rectifier Transformer
  3. Industry Focus:
    • The company caters to several industries and sectors through its transformer-related activities.
  4. Sectors and Industries Catered:
    • Power Transformers:
      • Used across various sectors and industries to facilitate efficient transmission and distribution of electrical power.
    • Generator Transformers:
      • Specialized transformers primarily used in the power generation sector, especially in power plants and large-scale industrial facilities.
    • Windmill Transformers:
      • Also known as wind turbine transformers or wind farm transformers.
      • Specialized transformers used in the wind energy sector, playing important roles in the generation and distribution of electricity from wind turbines.
    • Distribution Transformers:
      • Essential components in the electrical power sector, serving residential, commercial, and industrial sectors.
    • Solar Transformers:
      • Crucial in the solar energy sector for the transmission of power.
  5. Significance of Transformers:
    • Power transformers enable efficient transmission and distribution of electrical power.
    • Generator transformers are crucial in power generation facilities.
    • Windmill transformers play a vital role in the wind energy sector.
    • Distribution transformers are essential components in various sectors, including residential and commercial.
    • Solar transformers are important for transmitting power in the solar energy sector.

Objects of the Supreme Power Equipment Limited IPO:

The objects of the Issue are:- i. To meet out the Capital Expenditure ii. To meet out the Working Capital requirements of the Company. iii. To meet out the General Corporate Purposes; and iv. To meet out the Issue Expenses.

Supreme Power Equipment Limited IPO Details:

Open Date: Dec 21 2023
Close Date: Dec 26 2023
Total Shares: 7,180,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 46.67 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 61 - 65 Per Equity Share
Listing At: NSE Emerge
Listing Date: Dec 29 2023

Promoters And Management:

Vee Rajmohan: The Managing Director i.e., Mr. Vee. Rajmohan has completed his Intermediate and enrolled for Bachelor of Engineering as his undergraduate program and having more than Three Decades experience is expertised in the commercial and technical sectors. Mr. Rajmohan has started his carrier from M/s. Venuss Herbo Aromatics Private Limited, Rajapalayam, Tamilnadu as Works Manager in the year 1990 and was in charge for the unit from construction to dispatch. His work area comprises of designing, extraction, erection of machineries and testing equipments till commissioning of the same was done by him. He with his field knowledge commenced the commercial operation of the unit. He has associated with M/s. Venuss Herbo Aromatics Private Limited until 2001. Thereafter, he established a Partnership Firm in the name and style of SUPREME POWER EQUIPMENTS in the year of 2001 catering to the Distribution Transformer requirements to cater the Local Electric Utility i.e., Tamilnadu Electricity Board. K V Pradeep Kumar: Mr. K.V. Pradeep whole time director of the Company has completed his Intermediate and completed Bachelor of Engineering as his undergraduate program and having experience of more than three decades in the field of Transformer Manufacturing and he is a Technocrat with a technical expertise in all the segments. His carrier was started from M/s. Indotech Transformers Limited (PROLEC GE), Chennai as Trainee Engineer (Quality Assurance) in the year 1991. In the year of 1997, he was promoted as Head – Quality Assurance to oversee design, production and testing of 100MVA/23OKV class transformers. He, along with Mr. Vee Rajmohan established the partnership firm i.e., SUPREME POWER EQUIPMENTS. He is expertised in the Technical Specification of special type transformers such as Windmill and Inverter Duty Transformers involving Critical Design aspects to be adopted in the manufacture of these transformers. He developed the design and supplied a huge quantum of the same to almost all windmills and solar plants. Since then, he has been associated with the Company and is currently serving as whole time director. Mr. Devaraja Iyer Krishna Iyer, aged 68 years, is the “Non-Executive Non-Independent Director” of the company. He is in the field of High Voltage Large Capacity Power Transformers, EHV SF6 gas circuit breakers, instrument transformers, bus ducts, EHV switchyards. He had a training with Hitachi, Japan, AREVA- Germany. He has 46 years of experience in Electrical Power Systems, especially in Transformer Design and Production. He served TELK, Angamally, Keralla in various positions from Trainee Engineer to AGM from 1977- 2007. From 2007 to 2011, her served as General manager, Design- AREVA, Naini and as Vice President-ECE Transformers.

Financials of Supreme Power Equipment Limited IPO:

Particulars ( In Lakhs )
Revenue from Operations 3,535 4,660 7,553 3,429
Other Income 12 10 237 97
Total Revenue 3,547 4,671 7,790 3,526
Cost of Consumption 3,021 4,075 5,802 2,707
Other Manufacturing Expenses 91 64 115 45
Employee benefits expenses 77 69 100 32
Other Expenses 79 109 219 60
EBITDA 279 355 1,554 682
Depreciation & Amortisation 31 30 23 8
Finance Cost 208 255 162 48
EBIT 248 325 1,530 674
OPM (%) 7.87% 7.60% 19.95% 19.34%
PBT 39 70 1368 626
Tax 13 18 285 133
PAT 27 52 1082 493
NPM (%) 0.75% 1.11% 13.89% 13.97%
No.of Shares 249.91 249.91 249.91 249.91
EPS 0.10 0.20 4.33 1.97

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Supreme Power Equipment Limited 76 11 4.33 15.0 65 162
TD Power System Limited 872 97 6.20 37.2 272 4,235
Transformers & Rectifiers (India) Limited 1,380 42 3.07 215.0 184 2,628
Indo Tech Transformers Limited 371 26 24.20 19.2 601 648
VoltAmp Transformers Limited 1,385 200 197.63 24.6 6,007 6,074
* All the data is as per FY23.

Recommendation on Supreme Power Equipment Limited IPO:

To be updated shortly

Lead Manager of Supreme Power Equipment Limited IPO:

  1. Narnolia Financial Services Ltd

Registrar of Supreme Power Equipment Limited IPO:

  1. Purva Sharegistry India Private Limited

Company Address:

Supreme Power Equipment Limited 55, SIDCO Industrial Estates Thirumazhisai Thirumushi, Tiruvallur, Poonamallee, 600124 Phone: +91 44 26811221 Email: Website

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