The Heisenberg supermagnet model is a significant supersymmetric integrable model which is the superextension of the Heisenberg ferromagnet model. This paper is concerned with the construction of the multi-component (1+1) and (2+1)-dimensional Heisenberg supermagnet models with two distinct quadratic constraints of the superspin variables. In terms of the multi-component gauge transformation, we construct their multi-component gauge equivalent counterparts, i.e., the multi-component (1+1) and (2+1)-dimensional super nonlinear Schrödinger equations and fermionic nonlinear Schrödinger equations, respectively.