Paramount Speciality Forgings Limited IPO

Paramount Speciality Forgings Limited IPO opens on   September 17, 2024, and closes on September 19, 2024. The allotment for the Paramount Speciality Forgings IPO is anticipated to be completed on Friday, September 20, 2024. The IPO will be tentatively listed on the NSE and SME on Tuesday, September 24, 2024.

Paramount Speciality Forgings IPO’s price band is Rs 57 to Rs 59 per share. The IPO is a book-built issue of  Rs 32.34 crores. The Issue combines a fresh issue of 48.02 lakh shares aggregating to Rs 28.33 crores and an offer for sale of 6.8 lakh shares aggregating to Rs 4.01 crores.

Paramount Speciality Forgings IPO Details

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.

Paramount Speciality Forgings IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant;
2. General Corporate purposes

About Paramount Speciality Forgings Limited

Paramount Speciality Forgings Limited, established in 1994, is a leading steel forgings manufacturer in India with facilities in Kamothe and Khalapur, Maharashtra. We produce various forged products, including Tube Sheet Blanks, Forged Rings, and Valve Bodies, adhering to national and international standards for diverse industries like petrochemicals and nuclear power. Our closed die plant holds certifications for quality and environmental management (ISO 9001-2008, ISO 14001-2004) and is accredited by key Oil & Gas companies. Our competitive edge lies in our experienced management, commitment to quality through automation and process optimization, strong customer relationships, and robust digital marketing strategies.

Paramount Speciality Forgings Limited Financial Information

Paramount Speciality Forgings IPO Reservation

Paramount Speciality Forgings IPO Timeline

Paramount Speciality Forgings IPO opens on September 17, 2024, and closes on September 19, 2024.