Paramount Speciality Forgings Limited IPO
NSE SMEListed On: Sep 25, 2024 at ₹ 83.0
₹ 118000 /2000 Shares
Check Allotment17 Sep, 2024
Open Date20 Sep, 2024
Close Date23 Sep, 2024
Allotment Date25 Sep, 2024
Listing DateIssue Price
₹57-59 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Purva Sharegistry India Pvt LtdList Price
83.0Listing Date
2024-09-25Market Lot
2000 Shares (₹118,000/-)Lead Manager
Swaraj shares and securities private limitedIssue Size
5,482,000 shares(aggregating up to ₹32.34 Cr)Retail Portion
35%Subscription
73.92 timesParamount Speciality Forgings IPO Details
Paramount Speciality Forgings Limited IPO is an SME IPO, priced at ₹57-59 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 54,82,000 equity shares, aggregating up to ₹32.34 crores..
The IPO bidding window is open from Sep 17, 2024 to Sep 20, 2024. The allotment is expected to be finalized on Sep 23, 2024, and the tentative listing date is Sep 25, 2024.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,18,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,36,000.
Swaraj shares and securities private limited is acting as the lead manager to the issue. The registrar of the IPO is Purva Sharegistry India Pvt Ltd, and Shreni Shares Limited will act as the market maker for this issue.
Paramount Speciality Forgings IPO Subscription Details
| 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 |
Paramount Speciality Forgings Valuations
EPS Pre IPO
₹4.87/-EPS Post IPO
₹3.69/-P/E Pre IPO
12.1P/E Post IPO
16.01ROE
32%ROCE
40%Debt/Equity
1.09RoNW
31.65%PAT Margin
6.43Paramount 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%
- 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
Paramount Speciality Forgings
3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi Mazgaon, Mumbai - 400010Purva 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.
