Paramount Speciality Forgings IPO Details
The Paramount Speciality Forgings IPO is a book build issue with a total issue size of ₹32.34 cr, comprising of fresh issue of 4802000 equity shares., and a offer for sale of 680000 equity shares. Paramount Speciality Forgings IPO opened for subscription on Sep 17, 2024 and closed on Sep 20, 2024. Paramount Speciality Forgings IPO is set price band at ₹57 to ₹59 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹236,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 23, 2024, and listed on the NSE on Sep 25, 2024.
Purva Sharegistry India Pvt Ltd has been appointed as the registrar. Swaraj shares and securities private limited are the Book Running Lead Manager for the issue.
Before investing in the Paramount Speciality Forgings IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 57 – 59
- Lot Size
- 2000
- Issue Size
- ₹32.34 Cr
- Minimum Investment
- ₹236000 (4000 Shares)
- Listing Date
- 25 September 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Swaraj shares and securities private limited
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 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.
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 per share.
Paramount Speciality Forgings IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹236000 based on the upper price band
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.
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.
Paramount Speciality Forgings IPO issue size is ₹32.34 crores.
Paramount Speciality Forgings IPO allotment date is Wed, Jul 1, 2026.
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.
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% over the issue price.