Paramount Speciality Forgings Limited
Corporate Identity Numbers: U24109MH2023PLC402307
Paramount Speciality Forgings Limited IPO is a book-built issue of Rs 32.34 crores. The issue is the merger of a fresh issue of 48.02 lakh shares collected to Rs. 28.33 crores and an offer for sale of 6.8 lakh shares aggregating to Rs 4.01 crores.
Paramount Speciality Forgings Limited IPO will be open to apply on September 17, 2024, and it will be closed on September 20, 2024, at 5:00 PM. The allotment of the Paramount Speciality Forgings Limited IPO (Initial public offering) is expected to be finalized on Monday, September 23, 2024. Paramount Speciality Forgings Limited IPO will be listed on the NSE SME Segment with the subject (to) listing date fixed as Wednesday, September 25, 2024. The refund for the not-allotment is due on Tuesday, September 24, 2024.
Paramount Speciality Forgings Limited’s price is set between ₹57 to ₹59 per share. The minimum lot size for retail investors is 2000 Shares and the minimum amount is ₹118,000. The minimum lot size in HNI is 2 lots(4000 Shares) and the amount is about ₹236,000.
For more detailed information about Paramount Speciality Forgings Limited IPO, Read RHP.
Paramount Speciality Forgings IPO Details
| IPO Date | September 17, 2024 to September 20, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,482,000 shares (aggregating up to ₹32.34 Cr) |
| Fresh Issue | 4,802,000 shares (aggregating up to ₹28.33 Cr) |
| Offer for Sale | 680,000 shares of ₹10 (aggregating up to ₹4.01 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,880,000 |
| Share holding post issue | 19,682,000 |
| Market Maker portion | 276,000 shares |
Paramount Speciality Forgings IPO Time Table (Subject(to) Schedule)
Paramount Speciality Forgings IPO opens on September 17, 2024, and closes on September 20, 2024.
| IPO Open Date | Tuesday, September 17, 2024 |
| IPO Close Date | Friday, September 20, 2024 |
| Basis of Allotment | Monday, September 23, 2024 |
| Initiation of Refunds | Tuesday, September 24, 2024 |
| Credit of Shares to Demat | Tuesday, September 24, 2024 |
| Listing Date | Wednesday, September 25, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2024 |
Paramount Speciality Forgings IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
Paramount Speciality Forgings IPO Reservation
Paramount Speciality Forgings IPO offers 39,22,000 shares. 10,40,000 (26.52%) to QIB, 7,82,000 (19.94%) to NII, 18,24,000 (46.51%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 2,76,000 (7.04%) |
| QIB Shares Offered | 10,40,000 (26.52%) |
| NII (HNI) Shares Offered | 7,82,000 (19.94%) |
| Retail Shares Offered | 18,24,000 (46.51%) |
| Total Shares Offered | 39,22,000 (100%) |
Paramount Speciality Forgings IPO Promoter Holding
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 and Roshan Alihusain Hararwala.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.15% |
About Paramount Speciality Forgings Limited
Paramount Speciality Forgings Limited was established in the year 1994. The company manufactures steel forgings in India, offering a diverse range of forged products.
Paramount Speciality Forgings Limited company’s product meets all client requirements from the national and international standards in various industries such as petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering sectors.
The company has two manufacturing units in different locations one is in Kamothe and the second one is 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, Seats, Valve bodies, Bonnets, 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 Limited company’s strengths for high quality products are:
- Experienced Management Team
- Focus on Product Quality (Reduce waste and Improve Quality of the product)
- Long-Term Customer Relationship
- Effective branding and Digital Market activities
Company Financials
Paramount Speciality Forgings Limited Financial Information (Restated)
Paramount Speciality Forgings Limited’s revenue increased by 1% and profit after tax (PAT) rose by 163% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 and Surplus | 803.49 | 1,565.14 | 1,969.49 | |||||||||||||||||||||||||||
| Total Borrowing | 2,492.82 | 2,027.65 | 1,176.93 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Paramount Speciality Forgings IPO is Rs 116.12 Cr.
KPI as of March 31, 2023.
| KPI | Values |
|---|---|
| ROE | 32% |
| ROCE | 40% |
| Debt/Equity | 1.09 |
| RoNW | 31.65% |
| PAT Margin (%) | 6.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.87 | 3.69 |
| P/E (x) | 12.1 | 16.01 |
Objects of the Issue (Paramount Speciality Forgings IPO Objectives)
The main goal of issued money will be used in the following:
- Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant
- General Corporate purposes
Paramount Speciality Forgings IPO Prospectus
- › Paramount Speciality Forgings IPO DRHP
- › Paramount Speciality Forgings IPO RHP
- › Anchor Investors in Paramount Speciality Forgings IPO
Paramount Speciality Forgings Limited Contact Details
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/
Paramount Speciality Forgings IPO Registrar
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Paramount Speciality Forgings IPO – Buy or Not
Paramount Speciality Forgings IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 0 |
| Members | 0 | 0 | 0 |
Paramount Speciality Forgings Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 20-09-2024 Close | 59.00 | ₹0  |
— | ₹59 (0%) | 20-Sep-2024 10:23 |
| 19-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 19-Sep-2024 23:32 |
| 18-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 18-Sep-2024 23:32 |
| 17-09-2024 Open | 59.00 | ₹0 |
— | ₹59 (0%) | 17-Sep-2024 23:23 |
| 16-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 16-Sep-2024 23:31 |
| 15-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 15-Sep-2024 23:27 |
| 14-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 14-Sep-2024 23:32 |
| 13-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 13-Sep-2024 23:25 |
| 12-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 12-Sep-2024 23:25 |
| 11-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 11-Sep-2024 23:32 |
| 10-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 10-Sep-2024 23:27 |
