Paramount Speciality Forgings IPO
Paramount Speciality Forgings is an NSE SME IPO listed on the NSE SME platform, priced at ₹57–₹59 per share. The stock debuted at ₹83, delivering a listing gain of 40.7%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,18,000.
Paramount Speciality Forgings Limited IPO
- IPO Dates
- Sep 17, 2024 – Sep 20, 2024
- Price band
- ₹57-59 per equity share
- Minimum Investment
- ₹1,18,000
- Issue size
- ₹32.34 Cr
- Lot size
- 2000
- Allotment Date
- Sep 23, 2024
- Listing
- Sep 25, 2024
- Listing At
- NSE SME
IPO timeline
-
Sep 17, 2024
Open Date
Completed
-
Sep 20, 2024
Close Date
Completed
-
Sep 23, 2024
Allotment Date
Completed
-
Sep 25, 2024
Listing Date
Completed
Paramount Speciality Forgings IPO Essentials
Paramount Speciality Forgings IPO Details
Paramount Speciality Forgings IPO is priced at ₹57-59 per share with a total issue size of 32.34 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹57-59 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,482,000 shares(aggregating up to ₹32.34 Cr)
- Total issue size
- 54,82,000 shares
(aggregating up to ₹32.34 crore) - Fresh issue
- 48,02,000 shares
(aggregating up to ₹28.33 crore) - Offer for sale (OFS)
- 6,80,000 shares
(aggregating up to ₹4.01 crore) - Listing at
- NSE SME
- List price
- 83.0
- Listing date
- Registrar
- Purva Sharegistry India Pvt Ltd
- Lead manager
-
Swaraj shares and securities private limited
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 reservation details show category-wise allocation of shares. Out of the total 54,82,000 shares, approximately 18.97% are reserved for QIB, 14.26% for NII, 33.27% for retail investors, 5.03% for market maker, and 28.46% for 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 Analytics
Paramount Speciality Forgings IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Paramount Speciality Forgings IPO Subscription Status
Paramount Speciality Forgings IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹4.87/-
- EPS Post IPO
- ₹3.69/-
- P/E Pre IPO
- 12.1
- P/E Post IPO
- 16.01
Returns
- ROE
- 32%
- ROCE
- 40%
- RoNW
- 31.65%
- PAT Margin
- 6.43
Fundamentals
- Debt / Equity
- 1.09
Paramount Speciality Forgings Financials( In Lakhs)
| 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 |
Paramount Speciality Forgings Company & Offer Insights
About Paramount Speciality Forgings
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. are the company's promoters of Paramount Speciality Forgings.
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 Information
Contact Details
Paramount Speciality Forgings
+91-22-23732656
3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi Mazgaon, Mumbai - 400010
Registrar Contact Details
Purva Sharegistry India Pvt Ltd
+91-022-23018261/ 23016761
Frequently Asked Questions
Click any question to reveal the answer
Paramount Speciality Forgings IPO is a book-built IPO worth ₹32.34 crore. The price band is ₹57–₹59 per share. The IPO opens on Sep 17, 2024 and closes on Sep 20, 2024. It will be listed on NSE SME Platform. Purva Sharegistry India Pvt Ltd is the registrar.
The price band of Paramount Speciality Forgings IPO is ₹57 to ₹59 per share.
The lot size of Paramount Speciality Forgings IPO is 2000 shares.
The minimum investment for Paramount Speciality Forgings IPO is approximately ₹1,18,000 based on the upper price band .
Paramount Speciality Forgings IPO opens on Sep 17, 2024 and closes on Sep 20, 2024.
The allotment date of Paramount Speciality Forgings IPO is Sep 23, 2024.
Paramount Speciality Forgings IPO is expected to be listed on Sep 25, 2024, on NSE SME Platform.
Paramount Speciality Forgings IPO valuation snapshot: P/E 16.01, EPS ₹3.69/-, P/B N/A, RoNW 31.65%, and market cap N/A.
To apply for Paramount Speciality Forgings IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Paramount Speciality Forgings IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Paramount Speciality Forgings IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Paramount Speciality Forgings IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Paramount Speciality Forgings IPO allotment status on IPO Ji for quick and easy access.