Paramount Speciality Forgings IPO Allotment Status

Summary

Paramount Speciality Forgings IPO has received a strong response from investors, closing with an impressive subscription of 73.84 times by 20th September 2024 at 5:13:59 PM (Day 4). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 220.20 times, reflecting significant interest from high-net-worth individuals.

The Retail Investors category demonstrated strong engagement, subscribing 41.29 times. The Qualified Institutional Buyers (QIB) portion was subscribed 20.88 times. The Market Maker portion was fully subscribed at 1 time. This robust response across all categories underscores the positive market sentiment towards Paramount Speciality Forgings' offering and suggests optimistic investor expectations for the company's future performance.

Check Paramount Speciality IPO Allotment Status:

How to Check Paramount Speciality IPO Allotment Status on the  Purva Sharegistry India Pvt Ltd Site?

Step 1 - Visit the web portal of Purva Sharegistry India Pvt Ltd  (https://www.purvashare.com/investor-service/ipo-query)

Step 2 - From the dropdown menu, select Paramount Speciality IPO.

Step 3 - Choose one of the following three modes: PAN ID, Demat Account number, or Application number

Step 4 - Select "Application Type," then "ASBA" or "non-ASBA."

Step 5 - Enter the information relevant to the mode you have chosen.

Step 6 - For security purposes, fill out the captcha accurately.

Step 7 - Click "Submit."

How do you check Paramount Speciality IPO Allotment Status on BSE?

On the websites of the Bombay Stock Exchange (BSE), investors who placed a bid for the Paramount Speciality IPO can monitor the allotment status:
For BSE:

Step 1 - Visit this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2 - Select "Equity" in the "Issue Type" dropdown.

Step 3 - Choose "Paramount Speciality Limited" from the dropdown menu under "Issue Name."

Step 4 - Enter your application number and PAN ID.

Step 5 - Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How do you check the IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Paramount Speciality IPO Timeline:

Paramount Speciality IPO Subscription Status

Paramount Speciality Forgings IPO received 73.84 subscriptions. By 20th September 2024 at 5:13:59 PM (Day 4), the public issue had been subscribed 41.29 times in the retail category, 20.88 times in the QIB category, and 220.20 times in the NII category.

Subscription Day 4 (as of 5:13:59 PM)
Total Subscription: 73.84 times
QIB: 20.88 times
NII: 220.20 times
Retail investors: 41.29 times
 

Subscription Day 3
Total Subscription: 6.53 times
QIB: 1.47 times
NII: 3.96 times
Retail investors: 10.52 times

Subscription Day 2
Total Subscription: 3.66 times
QIB: 1.14 times
NII: 1.60 times
Retail investors: 5.98 times

Subscription Day 1
Total Subscription: 2.00 times
QIB: 1.14 times
NII: 1.12 times
Retail investors: 2.87 times
 

Paramount Speciality IPO Details

Paramount Speciality Forgings' initial public offering (IPO) is a book built issue amounting to ₹32.34 crores. This offering consists of a fresh issue of 48.02 lakh shares aggregating to ₹28.33 crores and an offer for sale of 6.8 lakh shares aggregating to ₹4.01 crores.

The bidding process for the Paramount Speciality Forgings IPO commenced on 17th September 2024 and concluded on 20th September 2024. The allotment results for this IPO are anticipated to be finalised on 23rd September 2024. Furthermore, the shares of Paramount Speciality Forgings are set to be listed on the NSE SME, with a provisional listing date scheduled for 25th September 2024.

The Paramount Speciality Forgings IPO price band has been established between ₹57 and ₹59 per share. Investors must apply for a minimum lot size of 2,000 shares, which requires a minimum investment of ₹118,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (4,000 shares), totalling ₹236,000.

Swaraj shares and securities private limited serves as the book running lead manager for the Paramount Speciality Forgings IPO. Purva Sharegistry India Pvt Ltd is designated as the registrar for this offering.