Paramount Forge IPO GMP, Review, Price, Allotment

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Last updated on September 25, 2024

Paramount Forge IPO GMP

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.

Paramount Forge IPO Allotment Status

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.


Paramount Speciality Forgings IPO Details

Paramount Forge IPO Dates17 – 20 September 2024
Paramount Forge Issue PriceINR 57 – 59 per share
Fresh issue48,02,000 shares (INR 27.37 – 28.33 crore)
Offer For Sale6,80,000 shares (INR 3.88 – 4.01 crore)
Total IPO size54,82,000 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 Allocation35%
Listing OnNSE EMERGE

Paramount Speciality Forgings Financial Performance

 FY 2022FY 2023FY 2024
Revenue87.58110.36112.76
Expenses88.60108.66103.58
Net income3.132.767.25
Figures in INR Crores unless specified otherwise

Paramount Forge Offer News


Paramount Forge Valuations & Margins

FY 2022FY 2023FY 2024
EPS3,134.372,758.404.87
PE ratio––11.70 – 12.11
RONW (%)17.2815.6031.65
NAV15.4010.5313.24
ROCE (%)24.030.040.0
EBITDA (%)9.346.9112.52
Debt/Equity 0.601.291.09
*Compiled by IPO Central from Prospectus

Paramount Forge IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
Coming soon–––

Paramount Speciality Forgings IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered10,40,0007,82,00018,24,00036,46,000
20 Sep 202420.88220.5541.2973.92
19 Sep 20241.474.2910.396.54
18 Sep 20241.142.356.714.19
17 Sep 20241.141.092.751.93

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 Date17 September 2024
IPO Closing Date20 September 2024
Finalization of Basis of Allotment23 September 2024
Initiation of refunds24 September 2024
Transfer of shares to demat accounts24 September 2024
Paramount Forge IPO Listing Date25 September 2024
Opening Price on NSE SMEINR 83 per share (up 40.68%)
Closing Price on NSE SMEINR 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: [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: +91 022 2301 8261
Email: [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.

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