Paramount Forge IPO description – 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.
Promoters of Paramount Speciality Forgings – Mr. Aliasgar Roshan Hararwala, Mr. Aliasgar Abdulla Bhagat, Mr. Mohammed Salim Hararwala, Mr. Abdulla Aliasgar Bhagat, Mr. Hoozefa Saleem Hararwala, Mr. Abbasali Salim Hararwala, Mr. Zahid Mohamadi Hararwala, and Mr. Roshan Alihusain Hararwala.
Table of Contents
Paramount Speciality Forgings IPO Details
| Paramount Forge IPO Dates | 17 – 20 September 2024 |
| Paramount Forge Issue Price | INR 57 – 59 per share |
| Fresh issue | 48,02,000 shares (INR 27.37 – 28.33 crore) |
| Offer For Sale | 6,80,000 shares (INR 3.88 – 4.01 crore) |
| Total IPO size | 54,82,000 shares (INR 31.25 – 32.34 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,18,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Paramount Speciality Forgings Financial Performance
| Â | 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 Forge Offer News
- Paramount Forge RHP
- Paramount Forge Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Paramount Forge 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 |
Paramount Forge IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Paramount Speciality Forgings IPO Subscription – Live Updates
| 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 |
The market maker reservation portion of 2,76,000 shares and anchor allocation portion of 15,60,000 shares is not included in the above calculations.
Paramount Forge IPO Allotment Status
Paramount Forge IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Paramount Forge IPO Dates & Listing Performance
| IPO Opening Date | 17 September 2024 |
| IPO Closing Date | 20 September 2024 |
| Finalization of Basis of Allotment | 23 September 2024 |
| Initiation of refunds | 24 September 2024 |
| Transfer of shares to demat accounts | 24 September 2024 |
| Paramount Forge IPO Listing Date | 25 September 2024 |
| Opening Price on NSE SME | INR 83 per share (up 40.68%) |
| Closing Price on NSE SME | INR 87.15 per share (up 47.71%) |
Paramount Forge Offer Lead Manager
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:Â [email protected]
Website: www.swarajshares.com
Paramount Forge Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone:Â +91 022 2301 8261
Email:Â [email protected]
Website: www.purvashare.com
Paramount Forge IPO 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: [email protected]
Website: www.paramountforge.org
Paramount Speciality Forgings IPO FAQs
What is the Paramount Speciality Forgings IPO size?
Paramount Forge offer size is INR 31.25 – 32.34 crores.
What is the Paramount Forge offer price band?
Paramount Forge public offer price is INR 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 INR NA per share.
What is the Paramount Forge kostak rate today?
Paramount Forge kostak rate today is INR NA per application.
What is Paramount Forge Subject to the Sauda rate today?
Paramount Forge is Subject to the Sauda rate today is INR NA per application.
