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( As on 16/08/2018 12:20) Supreme Engineering announces launch of initial public offering

Supreme Engineering Ltd. has announced public offering of 6584000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 22.00 per share. The gross proceeds of the issue are expected to be Rs 2,106.88 lakhs.

The company's initial public offer (IPO) will open on 24 August 2018 and is expected to close on 29 August 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 27.00-32.00 per share.

The IPO includes a fresh Issue of 6584000 Equity Shares of the Company at an price of Rs 32.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Supreme Engineering Ltd. anticipates using the proceeds of the issue for (A) Acquisition of Plant & Machinery

(B) Upgradation of existing technology

meet General Corporate Expenses,

meet IPO Issue Expenses.

KEYNOTE CORPORATE SERVICES LIMITED,CKP Financial Services Pvt. Ltd. as lead manager(s) & Bigshare Services Pvt Ltd. is the registrar, to the issue.
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