Paramount Speciality Forgings Limited IPO

NiftyTrader • September 16, 2024

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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

IPO Date	September 17, 2024 to September 19, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding pre-issue	14,880,000
Shareholding post-issue	19,682,000
Market Maker portion	276,000 shares

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
S-HNI (Min)	2	4000	₹236,000

Paramount Speciality Forgings IPO Objectives

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

Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant;
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

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

Paramount Speciality Forgings IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	Not less than 35.00% of the Net Issue
QIB Shares Offered	Not more than 50.00% of the Net offer
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Paramount Speciality Forgings IPO Timeline

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

IPO Open Date	Tuesday, September 17, 2024
IPO Close Date	Thursday, September 19, 2024
Basis of Allotment	Friday, September 20, 2024
Initiation of Refunds	Monday, September 23, 2024
A credit of Shares to Demat	Monday, September 23, 2024
Listing Date	Tuesday, September 24, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 19, 2024