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Paramount Speciality Forgings IPO

  • Status: Closed
  • RHP:
  • ₹ 114,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    25 Sep 2024

  • Listing Price

    ₹ 83.00

  • Listing Change

    40.68%

  • Last Traded Price

    ₹ 64.05

IPO Details

  • Open Date

    17 Sep 2024

  • Close Date

    20 Sep 2024

  • IPO Price Range

    ₹ 57 - ₹ 59

  • IPO Size

    ₹ 32.34 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    25 Sep 2024

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IPO Timeline

Paramount Speciality Forgings IPO Subscription Status

Last Updated: 24 September 2024 10:06 AM by 5Paisa

Paramount Speciality Forgings IPO is set to open on 17 September 2024 and will close on 20 September 2024. Paramount Speciality Forgings makes a wide variety of steel forgings in India. They offer diverse forged products for different industrial applications.

The IPO includes a fresh issue of  48.02 lakh shares aggregating ₹28.33 Cr and includes an offer for sale of  6.8 lakh shares aggregating ₹4.01 Cr. The price range is set between ₹57- ₹59 per share and the lot size is 2000 shares.

The allotment is scheduled to be finalized on 23 September 2024. It will go public on NSE SME with a tentative listing date of 25 September 2024.

Swaraj Shares and Securities Private Limited is the book running lead manager while Purva Sharegistry India Pvt Ltd is the registrar. 

Paramount IPO Size

Types Size 
Total IPO Size ₹32.34 Cr
Offer For Sale ₹4.01 Cr
Fresh Issue ₹28.33 Cr

 

Paramount IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹118,000
Retail (Max) 1 2000 ₹118,000
HNI (Min) 2 4,000 ₹236,000

 

Paramount IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 20.88 10,40,000 2,17,12,000 128.10
NII (HNI) 220.20 7,82,000 17,21,94,000 1,015.94
Retail 41.29 18,24,000 7,53,18,000 444.38
Total 73.84     36,46,000 26,92,24,000 1,588.42

 

1. Capital expenditure for machinery and equipment to expand the Khopoli Plant.
2. General Corporate Purposes
 

Founded in 1994, Paramount Speciality Forgings is a steel forging manufacturer in India, producing a wide range of forged products. Their offerings meet both national and international standards and are used across several industries including petrochemicals, chemicals, fertilisers, oil and gas, nuclear power and heavy engineering.

The company operates two manufacturing plants in Maharashtra, one in Kamothe and another in Khalapur. Their product line includes tube sheet blanks, forged rings, spacers, girth flanges, tyre rings, self reinforced nozzles, long weld neck flanges, seat valve bodies and bonnets.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 113.64 112.24 92.43
EBITDA 14.12  7.63  8.18
PAT 7.25 2.76 3.13
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 81.79 72.24 54.50
Share Capital 14.88 0.01 0.01
Total Borrowings 24.93 20.28 11.77
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -2.52 -0.41 4.01
Net Cash Generated From / (used in) investing activities -0.24  -0.92 2.54
Net Cash Generated From / (used in) financing activities 2.62  0.27  -5.43
Net Increase (Decrease) In Cash And Cash Equivalents -0.14 -1.06 1.13


Strengths

1. The management team brings industry expertise and drives the company's growth and financial success

2. The company improves product quality by automating manufacturing, optimizing processes, and reducing material costs.

3. The company’s expert services lead to strong customer retention and repeat business.
 

Risks

1. Rising costs of raw materials and manufacturing could affect profit margins, despite efforts to streamline processes.

2. Relying heavily on a few key customers for business could pose risks if these clients reduce orders or switch to competitors.

3. The company's performance could be impacted by economic slowdowns, particularly in the industries it serves such as petrochemicals, oil and gas and heavy engineering.
 

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FAQs

Paramount Speciality Forgings IPO opens from 17 September to 20 September 2024.

The size of Paramount Speciality Forgings IPO is ₹32.34 crores.

The price of Paramount Speciality Forgings IPO is fixed between ₹57 -₹59 per share. 

To apply for Paramount Speciality Forgings IPO, follow the steps given below:

1. Login to your 5paisa account and select the issue in the current IPO section    
2. Enter the number of lots and the price at which you wish to apply for the Paramount Speciality Forgings IPO.    
3. 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.
 

The minimum lot size of Paramount Speciality Forgings IPO is 2000 shares and the minimum investment required is ₹114,000.
 

The share allotment date of Paramount Speciality Forgings IPO is 23 September 2024

The Paramount Speciality Forgings IPO will be listed on 25 September 2024.

Swaraj Shares and Securities Private Limited is the book running lead manager for Paramount Speciality Forgings IPO.

Paramount Speciality Forgings plans to utilize the raised capital from the IPO for:

1. Capital expenditure for machinery and equipment to expand the Khopoli Plant.
2. General Corporate Purposes