Paramount Speciality Forgings IPO will open for subscription from 17 September 2024. The company aims for an issue size of ₹32.34 Cr through this IPO.
Company Overview
| Full name | Paramount Speciality Forgings Limited |
| Sector | Automobile & Ancillaries |
| Industry | Forgings |
| Company Website | https://paramountforge.com/ |
About Company
Paramount Speciality Forgings is a manufacturer of steel forgings in India, offering a diverse selection of forged products. The company has invested in a range of machinery to enhance and diversify its manufacturing capabilities. It can now produce and supply forged components ranging in weight from 1 kg to 4 metric tons, available in both rough or finish-machined conditions. Paramount Forge manufactures a variety of forged products, including tube sheet blanks, forged rings, spacers, girth flanges, tire rings, self-reinforced nozzles, long weld neck flanges, seats, valve bodies, and bonnets.
Paramount Forge owns and operates two manufacturing facilities: one in Kamothe and the other in Khalapur, Maharashtra. Its closed die forging plant is equipped with two pneumatic air hammers, 2T and 5T, along with a drop forge hammer with a capacity of 1.5 MT. These tools enable the production of single-piece forgings weighing up to 120 kg. On the other hand, the ring rolling facility at the Khalapur plant is equipped with an automated 3,500T hydraulic blanking press and a radial-axial ring rolling mill. This setup allows the production of a variety of forgings and can forge seamless rolled rings with a diameter of up to 3,500 mm, a height of up to 750 mm, and a weight of up to 5 MT.
The Objectives of the Issue
- Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant;
- General Corporate purposes
Paramount Speciality Forgings IPO Timetable
| IPO Opening date | 17 September 2024 |
| IPO Closing | 20 September 2024 |
| Basis of Allotment | 23 September 2024 |
| Initiation Refund | 24 September 2024 |
| Credit to Demat Account | 24 September 2024 |
| Listing Date | 25 September 2024 |
Paramount Speciality Forgings IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹32.34 Cr – 5,482,000 shares |
| Fresh Issue | ₹28.33 Cr – 4,802,000 shares |
| Offer for sale | ₹4.01 Cr – 680,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹57 to ₹59 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 276,000 shares |
| Shareholding pre-issue | 14,880,000 |
| Shareholding post-issue | 19,682,000 |
| Listing Exchange | NSE SME |
Paramount Speciality Forgings IPO Lot Size
| 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 Offer Documents
Paramount Speciality Forgings IPO Reservation Details
| 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 Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 87.58 | 110.36 | 112.76 |
| Expenses | 88.60 | 108.66 | 103.58 |
| Net income | 3.13 | 2.76 | 7.25 |
Paramount Speciality Forgings Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 3,134.37 | 2,758.40 | 4.87 |
| PE ratio | – | – | 11.70 – 12.11 |
| RONW (%) | 17.28 | 15.60 | 31.65 |
| NAV | 15.40 | 10.53 | 13.24 |
| ROCE (%) | 24.0 | 30.0 | 40.0 |
| EBITDA (%) | 9.34 | 6.91 | 12.52 |
| Debt/Equity | 0.60 | 1.29 | 1.09 |
Company Promoters
- Aliasgar Roshan Hararwala
- Aliasgar Abdulla Bhagat
- Mohammed Salim Hararwala
- Abdulla Aliasgar Bhagat
- Hoozefa Saleem Hararwala
- Abbasali Salim Hararwala
- Zahid Mohamadi Hararwala
- Roshan Alihusain Hararwala
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.15% |
Paramount Speciality Forgings Offer GMP Update
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 23-09-2024 Allotment | 59.00 | ₹10 | 15200 | ₹69 (16.95%) | 23-Sep-2024 13:26 |
| 22-09-2024 | 59.00 | ₹10 | 15200 | ₹69 (16.95%) | 22-Sep-2024 23:30 |
| 21-09-2024 | 59.00 | ₹10 | 15200 | ₹69 (16.95%) | 21-Sep-2024 23:27 |
| 20-09-2024 Close | 59.00 | ₹10 | 15200 | ₹69 (16.95%) | 20-Sep-2024 23:25 |
| 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 |
Paramount Speciality Forgings IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 10,40,000 | 7,82,000 | 18,24,000 | 36,46,000 |
| 20 Sep 2024 | 20.88 | 220.55 | 41.29 | 73.92 |
| 19 Sep 2024 | 1.47 | 4.29 | 10.39 | 6.54 |
| 18 Sep 2024 | 1.14 | 2.35 | 6.71 | 4.19 |
| 17 Sep 2024 | 1.14 | 1.09 | 2.75 | 1.93 |
Paramount Speciality Forgings IPO Allotment Status
Paramount Forge IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.
Paramount Speciality Forgings IPO Listing Details
| Listing Date | 25 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Paramount Speciality Forgings IPO Lead Manager(s)
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 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 Contact Details
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
Paramount Speciality Forgings IPO FAQs
What is the Paramount Speciality Forgings IPO size?
Paramount Forge offer size is ₹ 31.25 – 32.34 crores.
What is the Paramount Forge offer price band?
Paramount Forge public offer price is ₹ 57 – 59 per share.
What is the lot size of the Paramount Forge IPO?
Paramount Forge offer lot size is 2,000 shares.
What is Paramount Forge IPO GMP today?
Paramount Forge IPO GMP today is ₹ NA per share.
What is the Paramount Forge kostak rate today?
Paramount Forge kostak rate today is ₹ NA per application.
What is Paramount Forge Subject to the Sauda rate today?
Paramount Forge is Subject to the Sauda rate today is ₹ NA per application.
Final thoughts
Paramount Speciality Forgings IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
