Tuesday, September 25, 2007


Type of Issue : Book Built
Issue Opens: 21 September, 2007
Issue Closes: 26 September, 2007
Issue Size : 3,475,000 (No. of Shares)

Lower Price Band: Rs.95
Upper Price Band: Rs.108
Total Issue Size: Rs.38 Crores

Application Multiple: 60 and in multiples there off starting with at least 60 shares.

Maximum Shares: 900(for Retail)

Information URL : http://www.supremeinfra.com/
Prospectus URL : http://www.sebi.gov.in/dp/supremedrfredher.pdf

Company Details :


Email : ipo@supremeinfra.com

Contact Details 912225782931 /912225783549 /912225782931 (fax)

ISSUE Description:


Supreme Infrastructure India Ltd. (Supreme) is a midsize construction company engaged in the business of construction of roads, highways, etc. Supreme executes construction contracts for Central, State Governments and their agencies and also undertakes contracts of private sector companies. It has also undertaken projects, which require specialization to execute World Bank aided projects that have stringent specifications. It is also eligible to bid for tenders of construction of runways at airports, jobs related tidal area projects, construction of small jetties and port connectivity. The business has grown at CAGR of 67.78%, from FY 2003 to FY 2007. Supreme is diversifying its business model by foraying into real estate business, focusing on joint ventures for executing large scale projects, bidding for various Government projects and expanding its existing capacity. Supreme Infrastructure India Limited was incorporated as Supreme Asphalts Private Limited during 1983 and later converted into a Public Limited Company and the name was changed to Supreme Infrastructure India Limited during 2005.

Supreme executes construction contracts in infrastructure development like roads for various Government, semi Government agencies such as National Highway Authority of India (NHAI), Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra State Road Development Corporation (MSRDC), Public Works Department (PWD), Municipal Corporation of Greater Mumbai (MCGM), Mumbai Port Trust (MPT), Mumbai Transport Project, Railway (MTP), Airports Authority of India (AAI), Bombay Municipal Corporation (BMC), RCF Ltd. and also some private sector companies.
Business snapshot:

Plants Capacity Purpose
Ready mix concrete plant 90 Cubic Mtr/hour To produce ready mix concrete
Wet mix unit 80 MT/hour To produce wet mix macadam
Asphalt unit 85 MT/hour To produce asphalt
Crushing unit 80000 Metric tons For crushing the stones / boulders

Objectives of the Issue:

(i) Purchase and/ or up gradation of Plant and Machinery and Real Estate
(ii) Long Term Working Capital Requirement

Key Financials for the year ended March 31, 2007
Revenue Rs.959.33Mln, PAT Rs.127.55Mln, EPS Rs.12.66, RoNW32.21%


Supreme is a niche player in a in its field and its experienced management has the ability to undertake complex projects, moreover expansion of existing capacity will enable the company to bid for & win more complex projects. Apply Aggressively