Paramount Speciality Forgings IPO
IPO Listing Details
- Listing Date
25 Sep 2024
- Listing Price
₹ 83.00
- Listing Change
40.68%
- Last Traded Price
₹ 43.20
IPO Details
-
Bidding starts
17 Sep 2024
-
Bidding ends
20 Sep 2024
-
Listing
25 Sep 2024
- IPO Price Range
₹ 57 - ₹ 59
- IPO Size
₹ 32.34 Cr
- Listing Exchange
NSE SME
IPO Timeline
Paramount Speciality Forgings IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 17-Sep-24 | 0.00 | 0.30 | 0.72 | 0.43 |
| 18-Sep-24 | 1.14 | 1.60 | 5.98 | 3.66 |
| 19-Sep-24 | 1.47 | 3.96 | 10.52 | 6.53 |
| 20-Sep-24 | 20.88 | 220.20 | 41.29 | 73.84 |
Last Updated: 24 September 2024 10:06 AM by 5Paisa
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.
Objectives
1. Capital expenditure for machinery and equipment to expand the Khopoli Plant.
2. General Corporate Purposes
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 |
| 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
Contact Information
Paramount Speciality Forgings
Paramount Speciality Forgings Limited
3, 1, Guru Himmat Building,
Dr. Mascarenhas Road Anjirwadi
Mazgaon, Mumbai - 400010
Phone: +91-22-23732656
Email: compliance@paramountforge.org
Website: https://paramountforge.com/
Paramount Speciality Forgings IPO Register
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Paramount Speciality Forgings IPO Lead Manager
Swaraj shares and securities private limited
