Paramount Speciality Forgings Limited is a manufacturer of steel forgings in India, offering a diverse range of forged products.
The company’s products are manufactured to meet national and international standards and are used in various industrial applications including petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering sectors.
The company has two manufacturing facilities one in Kamothe and the second one in Khalapur, Maharashtra.
The company manufactures a range of forged products, which include Tube Sheet Blanks, Forged Rings, Spacers , Girth Flanges, Tyre Rings, Self-reinforced nozzles, Long weld neck flanges, Seat, Valve bodies, Bonnet etc.
The Company’s closed dye plant is certified under ISO 9001-2008, ISO 14001-2004, and BS OHSAS 18001-2007, and is accredited by reputed Oil & Gas companies, Statutory Bodies, and Inspection Agencies.
Paramount Speciality Forgings IPO – Details
| IPO Opening Date | 17 September 2024 |
| IPO Closing Date | 20 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 54,82,000 Shares Worth ₹32.34 Crore Fresh Issue: 48,02,000 Shares Worth ₹28.33 Crore Offer For Sale: 6,80,000 Shares Worth ₹4.01 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹57 – ₹59 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Purva Sharegistry India Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Paramount Speciality Forgings IPO – Date Schedule
| IPO Open Date | 17 September 2024 |
| IPO Close Date | 20 September 2024 |
| Basis of Allotment | 23 September 2024 |
| Initiation of Refund | 24 September 2024 |
| Credit of Shares to Demat Account | 24 September 2024 |
| IPO Listing Date | 25 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2024 |
Paramount Speciality Forgings IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,18,000 |
| Retail (Max) | 1 | 2000 | ₹1,18,000 |
| HNI (Min) | 2 | 4000 | ₹2,36,000 |
Competitive Strengths
- Long-standing relationships with customers across industries;
- Manufacturing Facilities;
- Quality and focus on customer satisfaction;
- Experienced Promoters and Management Expertise;
- Track record of healthy financial performance;
- Continual development of new products.
Company Promoters
- liasgar Roshan Hararwala
- Aliasgar Abdulla Bhagat
- Mohammed Salim Hararwala
- Abdulla Aliasgar Bhagat
- Hoozefa Saleem Hararwala
- Abbasali Salim Hararwala
- Zahid Mohamadi Hararwala
- Roshan Alihusain Hararwala
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 92.43 | 88.59 | 3.13 | 11.76 |
| 31 March 2023 | 112.24 | 108.66 | 2.75 | 20.27 |
| 31 March 2024 | 113.63 | 103.57 | 7.25 | 24.92 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32% |
| ROCE | 40% |
| Debt/Equity | 1.09 |
| RoNW | 31.65% |
| PAT Margin (%) | 6.43 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.87 | 3.69 |
| P/E (x) | 12.1 | 16.01 |
Object Of The Issue
- Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant;
- General Corporate purposes.
Paramount Speciality Forgings IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.15% |
Paramount Speciality Forgings IPO Prospectus
Company Contact Information
| 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 Registrar
| 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(s)
| 1. Swaraj shares and securities private limited |
Paramount Speciality Forgings IPO FAQs
| What is Paramount Speciality Forgings IPO? Paramount Speciality Forgings IPO is a SME IPO. The issue is priced at ₹57 and ₹59 per equity share. The IPO is to be listed on NSE SME. |
| When Paramount Speciality Forgings IPO will open? The IPO is to open on 17 September 2024 for QIB, NII, and Retail Investors. |
| What is Paramount Speciality Forgings IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Paramount Speciality Forgings IPO? You can apply Paramount Speciality Forgings IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Paramount Speciality Forgings IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Paramount Speciality Forgings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Paramount Speciality Forgings IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Paramount Speciality Forgings IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Paramount Speciality Forgings IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Paramount Speciality Forgings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Paramount Speciality Forgings IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Paramount Speciality Forgings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Paramount Speciality Forgings IPO Size? Paramount Speciality Forgings IPO size is ₹32.34 Crore. |
| What is Paramount Speciality Forgings IPO Price Band? Paramount Speciality Forgings IPO Price Band is ₹57 – ₹59. |
| What is Paramount Speciality Forgings IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,18,000 amount while the maximum bid is 2000 Shares with ₹1,18,000. |
| What is the Paramount Speciality Forgings IPO Allotment Date? Paramount Speciality Forgings IPO allotment date is 23 September 2024. |
| What is the Paramount Speciality Forgings IPO Listing Date? Paramount Speciality Forgings IPO listing date is 25 September 2024. The IPO is to be listed on NSE SME. |
