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Supreme Facility Management Shares Open Flat at ₹75 on NSE SME, Trading with 1.3% Discount!

Supreme Facility Management shares debuted on December 18, 2024, at ₹75 on NSE SME, a 1.32% discount to the issue price of ₹76, indicating a subdued market response.
Supreme Facility Management's Tepid Debut: Shares List at ₹75 with 1.3% Discount on NSE SME!

Supreme Facility Management shares had a modest debut on December 18, 2024, listing at ₹75 on NSE SME, reflecting a 1.32% discount from the issue price of ₹76 per share. The stock faced a tepid response in the market.

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Supreme Facility Management IPO was subscribed 27.01 times overall, according to NSE data. It saw 42.5 times subscription in the retail category, 8.24 times in the Qualified Institutional Buyers (QIB) category, and 15.7 times in the Non-Institutional Investors (NII) category.

Supreme Facility Management Limited provides integrated facility management, support services, and workforce solutions across various industries. Their asset-light, annuity-based model focuses on operational efficiency, leveraging technology, people, and processes to offer tailored B2B services and drive long-term growth.

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The objective of Supreme Facility Management’s IPO is to raise funds for business expansion, including enhancing infrastructure, acquiring new clients, and strengthening working capital. The proceeds will also be used for general corporate purposes and to improve operational efficiency.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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