The dates for the Paramount Speciality Forgings IPO are set; it will open on September 17 and close on September 19. This NSE SME IPO aims to raise ₹32.34 crores. Additionally, the IPO price band is fixed between ₹57 and ₹59, with a market lot size of 2,000 shares.
Table of contents
- Paramount Speciality Forgings IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Paramount Speciality Forgings IPO GMP (Grey Market Premium)
- Paramount Speciality Forgings IPO Application Form PDF
- Paramount Speciality Forgings IPO Subscription Status
- Paramount Speciality Forgings IPO Allotment Status
- IPO Review
- Paramount Speciality Forgings IPO Registrar
- Paramount Speciality Forgings IPO Lead Manager
- Paramount Speciality Forgings Limited Contact
- FAQs
Paramount Speciality Forgings IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Paramount Speciality Forgings Limited |
| Industry | Steel Forging |
| IPO Issue Type | Book Built Issue |
| Open Date | September 17, 2024 |
| Close Date | September 19, 2024 |
| Total Issue Size | ₹32.34 Crores (5,482,000 Equity Shares) |
| Fresh Issue | ₹28.33 Crores (4,802,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹57 to ₹59 Per Share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | ₹4.01 Crores (680,000 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Paramount Forge is a prominent manufacturer of steel forgings in India, offering a diverse range of forged products. Since its inception in 1996, the company has significantly expanded its business and operations. They have invested in various types of machinery, thereby enhancing and diversifying their manufacturing capabilities. Consequently, they can now produce forged components ranging in weight from 1 kg to 4 metric tons, available in both rough and finish-machined conditions.
Their products adhere to both National and International standards and are utilized in a broad spectrum of industrial applications. This includes catering to the extensive needs of sectors such as Petrochemicals, Chemicals, Fertilizers, Oil & Gas, Nuclear Power, and other heavy engineering industries.
With over three decades of experience, Paramount Forge benefits from its longstanding relationships with customers across these sectors. Additionally, the company owns and operates two manufacturing facilities: one in Kamothe and another in Khalapur, Maharashtra. Notably, their Closed Die Forging Plant is equipped with two pneumatic air hammers (2T and 5T) and a Drop Forge Hammer with a capacity of 1.5 MT, capable of producing single-piece forgings weighing up to 120 kgs.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 17, 2024 |
| IPO Close Date | September 19, 2024 |
| Basis of Allotment | September 20, 2024 |
| Refunds | September 23, 2024 |
| Credit to Demat Account | September 23, 2024 |
| IPO Listing Date | September 24, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2023 | 30 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | ₹7,223.87 | ₹6,232.65 | ₹5,450.48 | ₹4,880.68 |
| Revenue | ₹11,224.1 | ₹3,011.61 | ₹9,243.16 | ₹5,194.45 |
| Profit After Tax | ₹275.84 | ₹77.05 | ₹313.44 | ₹(27.36) |
| Net Worth | ₹1,566.14 | ₹1,643.19 | ₹1,970.49 | ₹1,657.05 |
| Reserves and Surplus | ₹1,565.14 | ₹1,642.19 | ₹1,969.49 | ₹1,656.05 |
| Total Borrowing | ₹2,027.65 | ₹1,677.63 | ₹1,176.93 | ₹1,234.55 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Maxi) | 1 | 2000 | ₹118,000 |
| S-HNI (Min) | 2 | 4000 | ₹236,000 |
The objective of the Issue
- The capital expenditure will be directed towards the purchase of machinery and equipment necessary for expansion at the Khopoli Plant.
- Additionally, the funds will be allocated for general corporate purposes.
Company Promoters
- Mr. Aliasgar Roshan Hararwala
- Mr. Mohammed Salim Hararwala
- Mr. Aliasgar Abdulla Bhagat
- Mr. Abdulla Aliasgar Bhagat
- Mr. Hoozefa Saleem Hararwala
- Mr. Abbasali Salim Hararwala
- Mr. Zahid Mohamadi Hararwala
- Mr. Roshan Alihusain Hararwala
Paramount Speciality Forgings IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Paramount Speciality Forgings IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Paramount Speciality Forgings Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Paramount Speciality Forgings IPO Application Form PDF
To download the Paramount Speciality Forgings IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Paramount Speciality Forgings IPO Subscription Status
This IPO subscription kicks off on September 17, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Paramount Speciality Forgings IPO Allotment Status
To check the Paramount Speciality Forgings IPO allotment status go to the IPO registrar website Purva Sharegistry or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company has developed long-standing relationships with customers across various industries, which strengthens its market presence.
- Additionally, it operates state-of-the-art manufacturing facilities that support its production capabilities.
- Moreover, the company maintains a strong focus on quality and customer satisfaction, ensuring high standards in its offerings.
- With experienced promoters and management expertise, the company benefits from skilled leadership driving its success.
- Furthermore, the company boasts a track record of healthy financial performance, underscoring its stability and growth.
- In addition, it is committed to the continual development of new products, keeping pace with industry advancements.
- Ultimately, the company’s passion for excellence drives its ongoing efforts to achieve superior results.
Risks:
- Fluctuations in market conditions can impact the IPO’s performance and the company’s stock price post-listing.
- Challenges in scaling operations or managing production inefficiencies could affect profitability and operational stability.
- Adverse changes in economic conditions, such as recession or inflation, could negatively impact demand for the company’s products and overall financial performance.
- Changes in regulations or non-compliance with existing regulations could result in legal issues, fines, or increased operational costs.
- Intense competition from other manufacturers or changes in market dynamics could impact the company’s market share and pricing power.
- Disruptions in the supply chain or fluctuations in raw material costs could affect production schedules and profitability.
- The company’s financial health and historical performance may be subject to fluctuations, impacting investor confidence and stock performance.
Paramount Speciality Forgings IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 2301 8261
Email: support@purvashare.com
Website: www.purvashare.com
Paramount Speciality Forgings IPO Lead Manager
SWARAJ SHARES AND SECURITIES PRIVATE LIMITED
304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093
Maharashtra, India
Phone: +91-22-6964-9999
Email: compliance@swarajshares.com
Website: www.swarajshares.com
Paramount Speciality Forgings Limited Contact
PARAMOUNT SPECIALITY FORGINGS LIMITED
3, 1, Guru Himmat Building, Dr. Mascarenhas Road,
Anjirwadi, Mazgaon, Mumbai, 400010
Phone: +91-22-2373-2656
E-mail: compliance@paramountforge.org
Website: www.paramountforge.org
FAQs
The Paramount Forge IPO is an NSE SME offering aimed at raising ₹32.34 crores. The issue is priced between ₹57 and ₹59 per equity share and will be listed on the NSE.
The IPO is scheduled to open on September 17, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors.
The allocation for investors is as follows: 50% for QIB, 15% for NII, and 35% for Retail Investors.
You can apply for the Paramount Forge IPO online via ASBA through your bank account. Alternatively, applications can be made via UPI through your stock broker or by filling out an offline form through your stock broker.
The size of the Paramount Forge IPO is ₹32.34 crores.
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