Paramount Speciality Forgings Limited IPO
NSE SMEListed On: Sep 25, 2024 at ₹ 83.0
₹ 236000 /4000 Shares
*Min Investment
17 Sep, 2024
Open Date20 Sep, 2024
Close Date23 Sep, 2024
Allotment Date25 Sep, 2024
Listing DateParamount Speciality Forgings IPO Issue Details
- Issue Price ₹57-59 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 54,82,000 shares(aggregating up to ₹32.34 crore)
- Fresh Share 48,02,000 shares(aggregating up to ₹28.33 crore)
- Offer For Sale 6,80,000 shares(aggregating up to ₹4.01 crore)
- Listing at NSE SME
- List Price 83.0
- Listing Date 2024-09-25
- Lead Manager Swaraj shares and securities private limited
- Registrar Purva Sharegistry India Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,18,000 |
| Retail(max) | 1 | 2000 | ₹1,18,000 |
| NII (min) | 2 | 4000 | ₹2,36,000 |
Paramount Speciality Forgings IPO Reservation
Paramount Speciality Forgings IPO offers total 54,82,000 shares. Out of which 10,40,000 (18.97%) allocated to QIB, 7,82,000 (14.26%) allocated to NII,18,24,000 (33.27%) allocated to RII, NA (NA%) allocated to employees and 15,60,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 15,60,000 (28.46%) | |
| Market Maker Shares Offered | 2,76,000 (5.03%) | |
| QIB Shares Offered | 10,40,000 (18.97%) | |
| NII (HNI) Shares Offered | 7,82,000 (14.26%) | |
| Retail Shares Offered | 18,24,000 (33.27%) | |
| Total Shares Offered | 54,82,000 (100%) |
Paramount 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 Analysis And 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
Paramount Speciality Forgings Company Financials
| 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 Paramount Speciality Forgings 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)
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.
Pre Issue Share Holding : 100%
Post Issue Share Holding : 72.15%
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
Contact Details
Paramount Speciality Forgings
3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi Mazgaon, Mumbai - 400010
+91-22-23732656
Registrar Contact Details
Purva Sharegistry India Pvt Ltd
+91-022-23018261/ 23016761
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Paramount Speciality Forgings Limited IPO is 5,482,000 shares(aggregating up to ₹32.34 Cr).
Ans. The Paramount Speciality Forgings Limited IPO price band is set between ₹57-59 per equity share.
Ans. To apply for Paramount Speciality Forgings Limited 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 Paramount Speciality Forgings Limited IPO allotment status online.
