Paramount Speciality Forgings Limited IPO

NSE SME

Listed On: Sep 25, 2024 at ₹ 83.0

₹ 118000 /2000 Shares

Check Allotment

Paramount Speciality Forgings IPO Details

17 Sep, 2024

Open Date

20 Sep, 2024

Close Date

23 Sep, 2024

Allotment Date

25 Sep, 2024

Listing Date

Issue Price

₹57-59 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Purva Sharegistry India Pvt Ltd

List Price

83.0

Listing Date

2024-09-25

Market Lot

2000 Shares (₹118,000/-)

Lead Manager

Swaraj shares and securities private limited

Issue Size

5,482,000 shares(aggregating up to ₹32.34 Cr)

Retail Portion

35%

Subscription

73.92 times

IPO Docs

DRHP RHP

The IPO of Paramount Speciality Forgings is priced at ₹57-59 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Purva Sharegistry India Pvt Ltd is the registrar of the issue.

Paramount Speciality Forgings IPO bid opening date is from Sep 17, 2024 and the bid closing date was Sep 20, 2024.
Paramount Speciality Forgings IPO allotment result will be available on Sep 23, 2024. The tentative listing date for Paramount Speciality Forgings is Sep 25, 2024.

The total issue size is 5,482,000 shares(aggregating up to ₹32.34 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,040,000 / 782,000	1,824,000	3,646,000
Day 1 - 17-09-24 06:00 PM	1.14 / 1.12 x	2.87 x	2.00 x
Day 2 - 18-09-24 06:00 PM	1.14 / 1.60 x	5.98 x	3.66 x
Day 3 - 19-09-24 06:00 PM	1.47 / 3.96 x	10.52 x	6.53 x
Day 4 - 20-09-24 06:00 PM	20.88 / 220.55 x	41.29 x	73.92 x

Total No. of Applications: 37,659 (Approx)

Paramount Speciality Forgings Valuations

EPS Pre IPO

₹4.87/-

EPS Post IPO

₹3.69/-

P/E Pre IPO

12.1

P/E Post IPO

16.01

ROE

32%

ROCE

40%

Debt/Equity

1.09

RoNW

31.65%

PAT Margin

6.43

Paramount Speciality Forgings Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	8,179.18	7,223.87	5,450.48
Revenue	11,363.62	11,224.1	9,243.16
Profit After Tax	725.36	275.84	313.44
Net Worth	2,291.49	1,566.14	1,970.49
Reserves & Surplus	803.49	1,565.14	1,969.49
Total Borrowing	2,492.82	2,027.65	1,176.93

About The Company

Paramount Speciality Forgings Limited is an Indian company manufacturing steel forgings, with diversified forged products, incorporated in the year 1994.

Its products are made in accordance with national and international standards, and the product range includes use in petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering sectors.

It has two units: one is located at Kamothe, and the second one is situated at Khalapur, Maharashtra.

The company produces a variety of forged products such as Tube Sheet Blanks, Forged Rings, Spacers, Girth Flanges, Tyre Rings, Self-reinforced nozzles, Long weld neck flanges, Seat, Valve bodies, Bonnet etc.

The Company's closed dye plant is certified under ISO 9001-2008, ISO 14001-2004, and BS OHSAS 18001-2007, and is accredited by reputed Oil & Gas companies, Statutory Bodies, and Inspection Agencies.

Paramount Speciality Forgings - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 72.15%

Company Promoter(s)

Aliasgar Roshan Hararwala, Aliasgar Abdulla Bhagat, Mohammed Salim Hararwala, Abdulla Aliasgar Bhagat, Hoozefa Saleem Hararwala, Abbasali Salim Hararwala, Zahid Mohamadi Hararwala and Roshan Alihusain Hararwala.

Paramount Speciality Forgings IPO - Issue Objectives

Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant
General Corporate purposes

Other Details

Company Contact Details

Paramount Speciality Forgings

3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi Mazgaon, Mumbai - 400010

Phone: +91-22-23732656

Email: compliance@paramountforge.org

Website: https://paramountforge.com/

Registrar Contact Details

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Email: support@purvashare.com

Website: https://www.purvashare.com/investor-service/ipo-query

Paramount Speciality Forgings IPO - FAQs

Ans. Paramount Speciality Forgings Limited IPO is a SME IPO. The issue is priced at ₹57-59 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 17, 2024, and closes on Sep 20, 2024. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Paramount Speciality Forgings Limited IPO opens on Sep 17, 2024 and closes on Sep 20, 2024.

Ans. The size of Paramount Speciality Forgings Limited IPO is 5,482,000 shares(aggregating up to ₹32.34 Cr).

Ans. The IPO price band is set between ₹57-59 per equity share.

Ans. To apply for Paramount Speciality Forgings Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Paramount Speciality Forgings Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Paramount Speciality Forgings Limited IPO is Sep 23, 2024.

Ans. The Paramount Speciality Forgings Limited IPO will be listed on Sep 25, 2024.

Ans. Follow the steps to check the allotment status for Paramount Speciality Forgings Limited IPO here.