Paramount Speciality Forgings IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 17 Sep 2024
Close Date
Fri, 20 Sep 2024
Price Band
₹ 57 – 59
Lot Size
2000
Issue Size
₹ 32.34 Cr
Minimum Investment
₹ 236,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Paramount Speciality Forgings IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹32.34 Crore, comprising a fresh issue of 48.02 Lakh equity shares aggregating to ₹28.33 Crore and an offer for sale (OFS) of 6.80 Lakh equity shares aggregating to ₹4.01 Crore by the existing shareholders.
The Paramount Speciality Forgings IPO remained open for subscription from September 17, 2024, to September 20, 2024. The basis of allotment was finalized on September 23, 2024, and the company's shares were listed on NSE SME Platform on September 25, 2024.
The company had fixed the price band at ₹57 to ₹59 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹236,000 (based on the upper price band) to apply for one lot.
Purva Sharegistry India Pvt Ltd served as the registrar to the issue. Swaraj shares and securities private limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Paramount Speciality Forgings Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Paramount Speciality Forgings IPO Timeline (Tentative)
- IPO Open Date
- Tue, 17 Sep 24
- IPO Close Date
- Fri, 20 Sep 24
- Basis of Allotment
- Mon, 23 Sep 24
- Initiation of Refunds
- Tue, 24 Sep 24
- Credit of Shares to Demat
- Tue, 24 Sep 24
- Listing Date
- Wed, 25 Sep 24 — NSE & BSE
Open Date
17 September 2024
Close Date
20 September 2024
Basis Of Allotment
23 September 2024
Listing Date
25 September 2024
IPO Subscription
Check Live Subscription →The Paramount Speciality Forgings IPO has received bids for 26,95,00,000 shares against 36,46,000 shares offered, resulting in an overall subscription of 73.92x. the NII category is subscribed 220.55x, Retail Investors 41.29x, and QIBs 20.88x.
QIB
20.88x
NII
220.55x
RII
41.29x
Total
73.92x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 18,24,000 shares, representing 46.51% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,40,000 shares (26.52%), while Non-Institutional Investors (NIIs) receive 7,82,000 shares (19.94%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 276,000 | 7.04% |
| Qualified Institutions | 1,040,000 | 26.52% |
| Non-Institutional | 782,000 | 19.94% |
| Retail Investors | 1,824,000 | 46.51% |
| Total | 3,922,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Paramount Speciality Forgings Limited KPI Information
| Particular | KPI as of March 31, 2023. |
|---|---|
| ROE % | 32 |
| ROCE % | 40 |
| Debt / Equity | 1.09 |
| RoNW % | 31.65 |
| Pat Margin % | 6.43 |
Peers Comparison
No Peer Comparision Available
About Paramount Speciality Forgings Limited
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.
Paramount Speciality Forgings IPO 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%
Paramount Speciality Forgings IPO Objective
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
Paramount Speciality Forgings Limited Address / Contact Details
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
Paramount Speciality Forgings IPO Lot Size
The Paramount Speciality Forgings IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,18,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,18,000.
| 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 |
Issue Reservation
- Market Maker — 7.04%
- QIB — 26.52%
- NII — 19.94%
- RII — 46.51%
Book Running Lead Managers
- Swaraj shares and securities private limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Paramount Speciality Forgings IPO?
Paramount Speciality Forgings IPO is a Book-building IPO with a total issue size of ₹32.34 crore. The Paramount Speciality Forgings IPO price band is ₹57 to 59 per share. The Paramount Speciality Forgings IPO subscription opens on Tue, Sep 17, 2024, and closes on Fri, Sep 20, 2024. The Paramount Speciality Forgings IPO will be listed on the NSE. Purva Sharegistry India Pvt Ltd is the registrar for the Paramount Speciality Forgings IPO.
When will the Paramount Speciality Forgings IPO open for subscription?
The Paramount Speciality Forgings IPO opens on Tue, Sep 17, 2024 and closes on Fri, Sep 20, 2024
What is Paramount Speciality Forgings IPO Price Band?
Paramount Speciality Forgings IPO Price Band is ₹57 to 59 per share.
What is Paramount Speciality Forgings IPO Lot Size?
Paramount Speciality Forgings IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹236000 based on the upper price band
What is the minimum investment for Paramount Speciality Forgings IPO?
The minimum investment for Paramount Speciality Forgings IPO is ₹236000, based on one lot of 2000 shares at the upper price band of ₹59 per share.
How to apply for Paramount Speciality Forgings IPO?
Investors can apply for the Paramount Speciality Forgings IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 20, 2024. The application amount remains blocked until the Paramount Speciality Forgings IPO allotment is finalized.
What is Paramount Speciality Forgings IPO Issue Size?
Paramount Speciality Forgings IPO issue size is ₹32.34 crores.
What is the Paramount Speciality Forgings IPO Allotment Date?
Paramount Speciality Forgings IPO allotment date is Mon, Sep 23, 2024.
Who is the Paramount Speciality Forgings IPO Registrar?
The registrar for Paramount Speciality Forgings IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website to check Paramount Speciality Forgings IPO allotment status, refund processing, and other IPO-related information.
What is the Paramount Speciality Forgings IPO GMP?
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 0.00% over the issue price.
Who is the Paramount Speciality Forgings IPO Lead Manager?
The book-running lead managers (BRLMs) for the Paramount Speciality Forgings IPO are Swaraj shares and securities private limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Paramount Speciality Forgings IPO Red Herring Prospectus (RHP).