Paramount Speciality Forgings Limited IPO (Paramount Speciality Forgings IPO) Detail, IPO Date, Price, GMP & Allotment 2024

Paramount Speciality Forgings Limited IPO Overview

Paramount Speciality Forgings Limited’s IPO, totalling ₹32.34 crores, includes a fresh issue of 48.02 lakh shares worth ₹28.33 crores and an offer for sale of 6.8 lakh shares totalling ₹4.01 crores. The IPO opens on September 17, 2024, and closes on September 19, 2024, with allotment finalization on September 20, 2024. The shares are set to list on the NSE SME on September 24, 2024, with a price band of ₹57 to ₹59 per share.

The minimum lot size is 2,000 shares, requiring a retail investment of ₹118,000, while HNIs must invest in at least 2 lots (4,000 shares) for ₹236,000. Swaraj Shares and Securities Private Limited is the lead manager, Purva Sharegistry India Pvt Ltd is the registrar, and Shreni Shares is the market maker. Refer to the Paramount Speciality Forgings IPO RHP for more details.

Paramount Speciality Forgings Limited IPO Important dates

Paramount Speciality Forgings IPO opens on September 17, 2024, and closes on September 19, 2024.

IPO Open Date	Tuesday, September 17, 2024
IPO Close Date	Thursday, September 19, 2024
Basis of Allotment	Friday, September 20, 2024
Initiation of Refunds	Monday, September 23, 2024
The credit of Shares to Demat	Monday, September 23, 2024
Listing Date	Tuesday, September 24, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 19, 2024

Paramount Speciality Forgings Limited Financial Performance

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	817.92 crore	722.39 crore	545.05 crore
Revenue	1,136.36 crore	1,122.41 crore	924.32 crore
Profit After Tax	72.54 crore	27.58 crore	31.34 crore
Net Worth	229.15 crore	156.61 crore	197.05 crore
Reserves and Surplus	80.35 crore	156.51 crore	196.95 crore
Total Borrowing	249.28 crore	202.77 crore	117.69 crore

Paramount Speciality Forgings Limited IPO Key Performance Indicator

The market capitalization of Paramount Speciality Forgings IPO is Rs 116.12 Cr.

KPI as of March 31, 2023.

Paramount Speciality Forgings Limited IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant;
2. General Corporate purposes

Paramount Speciality Forgings Limited IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

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

Paramount Speciality Forgings Limited IPO Details

IPO Date	September 17, 2024 to September 19, 2024
Listing Date	[September 19, 2024]
Face Value	₹10 per share
Price Band	₹57 to ₹59 per share
Lot Size	2000 Shares
Total Issue Size	5,482,000 shares (aggregating up to ₹32.34 Cr)
Fresh Issue	4,802,000 shares (aggregating up to ₹28.33 Cr)
Offer for Sale	680,000 shares of ₹10 (aggregating up to ₹4.01 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	14,880,000
Shareholding post issue	19,682,000
Market Maker portion	276,000 shares

Paramount Speciality Forgings Limited Company Overview and Services

Incorporated in 1994, Paramount Speciality Forgings Limited is a leading manufacturer of steel forgings in India, offering a wide range of forged products. The company’s products are designed to meet both national and international standards, serving diverse industrial applications such as petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering sectors.

Paramount operates two manufacturing facilities located in Kamothe and Khalapur, Maharashtra. The company’s product portfolio includes Tube Sheet Blanks, Forged Rings, Spacers, Girth Flanges, Tyre Rings, Self-reinforced Nozzles, Long Weld Neck Flanges, Seats, Valve Bodies, Bonnets, and more. The company’s closed-dye plant holds certifications 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.

Competitive Strengths:

• Experienced Management Team: The company’s leadership brings extensive industry experience, driving growth in both operations and financial performance.
• Focus on Quality: Paramount is committed to quality enhancement by streamlining processes, reducing waste, and improving product standards. The company has automated manufacturing to boost productivity and cut costs, optimized machining lines to reduce manpower costs, and minimized material costs by reducing input weights for forging products.
• Long-Term Customer Relationships: The company’s focus on delivering expert services has led to strong customer retention and repeat business.
• Effective Branding and Digital Marketing: Paramount enhances brand visibility through multiple marketing channels, including retail branding, web marketing, magazine advertising, outdoor advertising, and digital marketing strategies.

Paramount Speciality Forgings Limited IPO SWOT Analysis

Strengths:

1. Specialized Product Offerings: Paramount Speciality Forgings specializes in high-quality forgings for critical sectors like aerospace, defence, automotive, and energy, ensuring a niche market position.
2. Strong Customer Relationships: The company has established long-term relationships with reputed clients, contributing to recurring revenue and a stable order book.
3. Advanced Manufacturing Capabilities: Equipped with state-of-the-art technology and infrastructure, Paramount can produce complex and customized forgings, enhancing its competitive edge.

Weaknesses:

1. Limited Market Presence: Paramount’s market presence is relatively limited compared to larger global competitors, impacting its ability to capture a larger market share.
2. High Capital Intensity: The forging industry requires substantial capital investment for machinery, technology upgrades, and skilled labour, which can impact margins and profitability.

Opportunities:

1. Rising Demand in Key Sectors: Increasing demand for forged components in sectors such as aerospace, defence, and automotive provides growth opportunities.
2. Expansion into New Markets: The company has the potential to expand its customer base in international markets, diversifying its revenue streams.
3. Focus on R&D and Innovation: Investing in research and development can help develop new products and improve manufacturing processes, enhancing market competitiveness.

Threats:

1. Economic Slowdowns: Economic downturns can affect demand from key sectors like automotive and aerospace, impacting sales and profitability.
2. Intense Competition: The market for speciality forgings is highly competitive, with numerous players vying for market share, which can lead to pricing pressures.
3. Fluctuating Raw Material Costs: Variability in the cost of raw materials like steel and alloys can impact production costs and profit margins.

Paramount Speciality Forgings Limited IPO GMP Details

Paramount Speciality Forgings  SME IPO last GMP is ₹0, last updated Sep 12th 2024. With the price band of 59.00, Paramount Speciality Forgings SME IPO’s estimated listing price is ₹59 (cap price + today’s  GMP). The expected percentage gain/loss per share is 0.00%.

Stay with us to know the daily price trend of Paramount Speciality Forgings SME IPO GMP with an expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
12-09-2024	59.00	₹0	—	₹59 (0%)	12-Sep-2024
11-09-2024	59.00	₹0	—	₹59 (0%)	11-Sep-2024
10-09-2024	59.00	₹0	—	₹59 (0%)	10-Sep-2024

Paramount Speciality Forgings Limited IPO subscription status 

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Paramount Speciality Forgings Limited IPO Allotment status 

The allotment status of Paramount Speciality Forgings IPO is expected to be available on September 20, 2024.

Paramount Speciality Forgings IPO allotment status is not available at this time. Paramount Speciality Forgings IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Paramount Speciality Forgings Limited IPO allotment status.

To check Paramount Speciality Forgings IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Purva Sharegistry India Pvt Ltd either by phone or email. Investors can call +91-022-23018261/ 23016761 or send an email with all relevant details to support@purvashare.com.

Paramount Speciality Forgings Limited Contact Details

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/

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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.