IPO

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

Paramount Speciality Forgings IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,040,000 / 782,0001,824,0003,646,000
Day 1 - 17-09-24 06:00 PM1.14 / 1.12 x2.87 x2.00 x
Day 2 - 18-09-24 06:00 PM1.14 / 1.60 x5.98 x3.66 x
Day 3 - 19-09-24 06:00 PM1.47 / 3.96 x10.52 x6.53 x
Day 4 - 20-09-24 06:00 PM20.88 / 220.55 x41.29 x73.92 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

RoNW

31.65%

Paramount Speciality Forgings Company Financials All values are in ₹ Lakh

31-Mar-2431-Mar-2331-Mar-22
Assets8,179.187,223.875,450.48
Revenue11,363.6211,224.19,243.16
Profit After Tax725.36275.84313.44

About The Company

Paramount Speciality Forgings Limited is a manufacturer of steel forgings in India, offering a diverse range of forged products.

The company's products are manufactured to meet national and international standards and are used in various industrial applications including petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering sectors.The company has two manufacturing facilities one in Kamothe and the second one in Khalapur, Maharashtra.

The company manufactures a range of forged products, which include 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.

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Paramount Speciality Forgings - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 72.15%

Company Promoter(s)

  1. 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

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

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.