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Paramount Speciality Forgings Ltd

Castings, Forgings & Fastners

Offer Period :

17th to 20th Sep 2024

Incorporated in 1994, this Maharashtra-based company specializes in manufacturing a range of forged products. These items, called forgings, Read more...are shaped under extreme pressure, making them more durable than cast or machined parts. The company operates two manufacturing facilities, one in Kamothe and the other in Khalapur, Maharashtra.
Paramount Speciality Forgings Ltd, incorporated in 1994, is a leading steel forgings manufacturer in India. The company offers a wide variety of forged products that meet both national and international standards. Paramount caters to several industrial sectors, including petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering. With two manufacturing facilities located in Kamothe and Khalapur, Maharashtra, Paramount specializes in producing tube sheet blanks, forged rings, spacers, girth flanges, and many more critical industrial components.

The company’s commitment to quality is demonstrated by its certifications, including ISO 9001-2008, ISO 14001-2004, and BS OHSAS 18001-2007. Paramount's reputation for excellence is further solidified by its accreditations from well-known oil and gas companies and inspection bodies. With a strong focus on quality improvement, automation, and long-term customer relationships, Paramount continues to grow its market presence through effective branding and digital marketing efforts across various platforms.  Read less

Paramount Speciality Forgings Ltd IPO Details

IPO Date 17th to 20th Sep 2024 Minimum Investment ₹118000 / 1 Lots
Listing Date 2024-09-25 Maximum Investment ₹118000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹32.34 Crores
Price ₹59 to ₹59 per share Fresh Issue ₹28.33 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 4.01
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 17th to 20th Sep 2024
Listing Date 2024-09-25
Face Value ₹10 per share
Price ₹59 to ₹59 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹118000 / 1 Lots
Maximum Investment ₹118000 / 1 Lots
Total Issue Size ₹32.34 Crores
Fresh Issue ₹28.33 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

17th Sep

IPO Starts

20th Sep

IPO Ends

23rd Sep

Allotment Date

24th Sep

Initiation of Refund

24th Sep

Credit of Shares to Demat Account

25th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 0
Public Group 0 0

Paramount Speciality Forgings Ltd IPO Reservation

QIB Shares Offered 1040000(18.97%)
NII (HNI) Shares Offered 782000(14.26%)
Retail Shares Offered 1824000(33.27%)
Anchor Investor Shares Offered 1560000(28.46%)
Total Shares Offered 5482000
Total Shares With Anchor Investor 5482000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Paramount Speciality Forgings Ltd IPO Registrar

Purva Sharegistry (I) Pvt Ltd
Phone Number +91 022 2301 8261;
Email Id support@purvashare.com
Our Website www.purvashare.com

Paramount Speciality Forgings Ltd IPO Lead Manager

1. Swaraj Shares & Securities Pvt Ltd

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Paramount Speciality Forgings Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 10,40,000 2,17,12,000 37,714.0
Non Institutional Investors 10,58,000 17,25,00,000 37,714.0
Retail Individual Investors (RIIs) 18,24,000 7,54,28,000 37,714.0
Total 39,22,000 26,96,40,000 37,714.0

Strength of Paramount Speciality Forgings Ltd

1. Long-standing relationships with customers across industries.

2. Manufacturing Facilities.

3. Quality and focus on customer satisfaction.

4. Experienced Promoters and Management Expertise.

5. Track record of healthy financial performance.

6. Continual development of new products.

Risks Involved

1. The company does not have any long-term agreements with its customers. If the company customers choose not to source their requirements from it or manufacture such products in-house, its business and results of operations may be affected.

2. Demand for its products is related to growth and trends of the company end user industry. A decline in sales of its customers may adversely affect the demand for the company products which in turn would adversely impact its business, financial condition, results of operations and prospects.

3. The company obtain a substantial portion of its raw materials from a limited number of suppliers, and the company does not have long-term contracts with its suppliers. If one or more of its top suppliers were to suffer a deterioration of their business, cease doing business with it or substantially reduce their dealings with the company, its business, results of operations, cash flows and financial condition may be adversely affected.

4. The company depends on its Plant and Machinery for critical functions of the company's business. Failures to properly maintain its plant and machineries or any adverse remark during the Inspection of its Products may result in disruptions to or lower quality of the company services and its business, results of operations and financial condition may be adversely affected.

5. Exchange rate fluctuations may adversely affect the results of operations as certain portion of its revenues are denominated in foreign currencies.

6. The Restated Financial Statements for Financial Year ended on March 31, 2024, March 31, 2023, and March 31, 2022, were prepared by a Peer Reviewed Chartered Accountant who is not the Company's statutory auditor, introducing the potential risk of differences in the accounting standard and policies.

7. Its manufacturing facilities are located in the same geographical location and any disruptions in its manufacturing process due to local and regional factors could have an adverse effect on its business, financial condition, and results of operations.

8. Volatility in the supply and pricing of its raw materials may have an adverse effect on the company's business, financial condition, and results of operations. Its raw material suppliers could fails to meet their obligations, which may have a material adverse effect on its business, results of operations and financial condition.

9. The company has significant power and fuel requirements and any disruption to power or fuel sources could increase its production costs and adversely affect the company's business, financial condition, cash flows and results of operations.

10. If its customers dispute or default on their payment obligations to it, the company may be subject to adverse cash flows and may be required to spend significant amounts in recovering amounts due, in turn adversely impacting its cash flows, results of operations and future prospects.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Paramount Speciality Forgings Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-25 92644 PSFL
INE0Q6001012
₹59 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹59 ₹59
Open ₹0 ₹83
Low ₹0 ₹83
High ₹0 ₹87.15
Low ₹0 ₹83

Frequently Asked Questions

What is Paramount Speciality Forgings Ltd IPO?

Answer Field

Paramount Speciality Forgings Ltd IPO is a SME IPO of 54,82,000 equity shares of a face value of ₹10 aggregating up to ₹32.34 Crores. The issue is priced at ₹59 to ₹59 per share. The minimum order quantity is 2000 Shares. The IPO opens on September 17, 2024, and closes on September 20, 2024. Purva Sharegistry (I) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Paramount Speciality Forgings Ltd IPO will open?

Answer Field

The Paramount Speciality Forgings Ltd IPO opens on September 17, 2024 and closes on September 20, 2024.

What is the lot size of Paramount Speciality Forgings Ltd?

Answer Field

Paramount Speciality Forgings Ltd lot size is 2000 shares, and the minimum amount required is ₹1,18,000.

How to apply for Paramount Speciality Forgings Ltd IPO?

Answer Field

You can apply in Paramount Speciality Forgings Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Paramount Speciality Forgings Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Paramount Speciality Forgings Ltd IPO will be done on September 23, 2024, and the allotted shares will be credited to your demat account by September 24, 2024.

When is Paramount Speciality Forgings Ltd IPO listing date?

Answer Field

The Paramount Speciality Forgings Ltd listing date is September 25, 2024.

Who is the registrar of Paramount Speciality Forgings Ltd IPO?

Answer Field

The registrar of Paramount Speciality Forgings Ltd IPO is Purva Sharegistry (I) Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Swaraj Shares & Securities Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Paramount Speciality Forgings Ltd IPO?

Answer Field

The fresh issue size is ₹28.33 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Paramount Speciality Forgings Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,18,000 amount.

How can I approve the UPI mandate request for Paramount Speciality Forgings Ltd IPO?

Answer Field

To apply for Paramount Speciality Forgings Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Paramount Speciality Forgings Ltd?

Answer Field

The price of each Paramount Speciality Forgings Ltd share will be ranging in between ₹59 to ₹59 per share.

What is the cut-off time for the UPI mandate for Paramount Speciality Forgings Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 20, 2024.

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