Paramount Speciality Forgings IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 57 – 59
Lot Size
2000
Issue Size
₹32.34 Cr
Minimum Investment
₹236000 (4000 Shares)
Listing Date
25 September 2024
Subscription
73.92x
About the Company
Incorporated in 1994, 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.
Competitive strengths:
- Experienced management team: The management team of the company has industry experience and is accountable for growing operations and financial performance.
- Focus on Quality:The company is seeking to streamline processes, reduce waste, and improve product quality. To achieve this, we have: (i) Automated manufacturing processes to increase productivity and cut manpower costs. (ii) Designed machining lines to optimize processes and reduce manpower costs by combining multiple processes on a single machine. (iii) Reduced the input weights needed for forging products, resulting in reduced material costs.
- Long Term Customer Relationship:The company provides clients with expert services, which enhances customer retention and encourages repeat business.
- Effective branding and Digital Market activities: The company focuses on brand visibility through multiple marketing channels, including retail branding, web marketing, magazine advertising, outdoor advertising, and digital marketing.
Promoters
The promoters of the Company are
- Aliasgar Roshan Hararwala
- Aliasgar Abdulla Bhagat
- Mohammed Salim Hararwala
- Abdulla Aliasgar Bhagat
- Hoozefa Saleem Hararwala
- Abbasali Salim Hararwala
- Zahid Mohamadi Hararwala
- Roshan Alihusain Hararwala
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.15%
Objects of the Issue
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant
- General Corporate purposes
Address / Contact Info
Paramount Speciality Forgings Limited
3, 1, Guru Himmat Building,
Dr. Mascarenhas Road Anjirwadi
Mazgaon, Mumbai - 400010
Phone: +91-22-23732656
Email: compliance@paramountforge.org
Website: https://paramountforge.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 17 September 2024
IPO Close Date
Friday, 20 September 2024
Basis of Allotment
Monday, 23 September 2024
Initiation of Refunds
Tuesday, 24 September 2024
Credit of Shares to Demat
Tuesday, 24 September 2024
Listing Date
Wednesday, 25 September 2024 — NSE & BSE
Important Dates
Open Date
17 September 2024
Close Date
20 September 2024
Basis Of Allotment
23 September 2024
Listing Date
25 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 8179.18 | 7223.87 | 5450.48 |
| Revenue | 11363.62 | 11224.1 | 9243.16 |
| Profit After Tax | 725.36 | 275.84 | 313.44 |
| Net Worth | 2291.49 | 1566.14 | 1970.49 |
| Reserve & Surplus | 803.49 | 1565.14 | 1969.49 |
| Total Borrowings | 2492.82 | 2027.65 | 1176.93 |
EPS Pre
4.87%
EPS Post
3.69%
P/E Pre
12.10
P/E (Post Issue)
16.01x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2023. |
|---|---|
| ROE % | 32 |
| ROCE % | 40 |
| Debt / Equity | 1.09 |
| RoNW % | 31.65 |
| PbW | 0 |
| Pat Margin % | 6.43 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 276000 | 7.04 | 0 |
| Qualified Institutions | 1040000 | 26.52 | 0 |
| Non-Institutional | 782000 | 19.94 | 0 |
| Retail Investors | 1824000 | 46.51 | 0 |
| Total | 3922000 | 100 | 0 |
Subscription Status ( Fri, 20 Sep 24 12:37 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1040000 | 21712000 | 20.88x |
| Non-Institutional | 782000 | 172470000 | 220.55x |
| Retail Investors | 1824000 | 75318000 | 41.29x |
| Total | 3646000 | 269500000 | 73.92x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 118,000.00 |
| Retail (Max) | 1 | 2,000 | 118,000.00 |
| S-HNI (Min) | 2 | 4,000 | 236,000.00 |
Registrar
Purva Sharegistry India Pvt Ltd
91 22 3522 0056 , 91 22 4961 4132
support@purvashare.com
https://www.purvashare.com
Book Running Lead Managers
- Swaraj shares and securities private limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Paramount Speciality Forgings IPO is a Book-building IPO worth ₹32.34 crores. The price band is ₹57 to 59 per share. The IPO opens on Tue, Sep 17, 2024 and closes on Fri, Sep 20, 2024. It will be listed on BSE and NSE. Purva Sharegistry India Pvt Ltd is the registrar.
The Paramount Speciality Forgings IPO opens on Tue, Sep 17, 2024 and closes on Fri, Sep 20, 2024
Paramount Speciality Forgings IPO Price Band is ₹57 to 59.
Paramount Speciality Forgings IPO lot size is 2000, and the minimum amount required for application is ₹236000.
The minimum investment for Paramount Speciality Forgings IPO is approximately ₹236000 based on the upper price band.
To apply for the Paramount Speciality Forgings IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 20, 2024. After submission, funds are blocked until the basis of allotment of Paramount Speciality Forgings IPO is finalised.
Paramount Speciality Forgings IPO issue size is ₹32.34 crores.
Paramount Speciality Forgings IPO allotment date is Sat, Jun 27, 2026.
The registrar for Paramount Speciality Forgings IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Paramount Speciality Forgings IPO through their official website or helpline.
The Paramount Speciality Forgings IPO GMP (Grey Market Premium) is ₹0 as of Wed, Sep 25, 2024. Based on the upper price band of ₹59 per share, the estimated Paramount Speciality Forgings IPO listing price is ₹59, indicating a potential listing gain of approximately 31% over the issue price.