Bookbuilding IPO | ₹32 Cr | Listed at NSE SME | Tue, Sep 17, 2024 - Fri, Sep 20, 2024
Paramount Speciality Forgings IPO is a book build issue of ₹32.34 crores. The issue is a combination of fresh issue of 0.48 crore shares aggregating to ₹28.33 crores and offer for sale of 0.07 crore shares aggregating to ₹4.01 crores.
Paramount Speciality Forgings IPO bidding started from Sep 17, 2024 and ended on Sep 20, 2024. The allotment for Paramount Speciality Forgings IPO was finalized on Sep 23, 2024. The shares got listed on NSE SME on Sep 25, 2024.
Paramount Speciality Forgings IPO price band is set at ₹59 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,18,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,36,000.
Swaraj shares & securities Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Paramount Speciality Forgings IPO RHP for detailed Information.
IPO Open
Tue, Sep 17, 2024
IPO Close
Fri, Sep 20, 2024
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹116.12 Cr
| IPO Date | 17 to 20 Sep, 2024 |
| Listed on | Wed, Sep 25, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹59 |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 54,82,000 shares (agg. up to ₹32 Cr) |
| Reserved for Market Maker | 2,76,000 shares Shreni Shares Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 45,26,000 shares (agg. up to ₹27 Cr) |
| Offer for Sale | 6,80,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 52,06,000 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 1,48,80,000 shares |
| Share Holding Post Issue | 1,96,82,000 shares |
| NSE Symbol | PSFL |
| ISIN | INE0Q6001012 |
Paramount Speciality Forgings IPO comprises a total issue size of 54,82,000 shares. The net offer to the public is 52,06,000 shares, after excluding 2,76,000 shares allotted on a firm basis. Of the Net offer 26,00,000 (49.94%) are allocated to QIB, 7,82,000 (15.02%) allocated to NII 18,24,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,00,000 | 49.94% | 47.43% |
| − Anchor Investor Shares Offered | 15,60,000 | 28.46% | |
| − QIB (Ex. Anchor) Shares Offered | 10,40,000 | 18.97% | |
| NII (HNI) Shares Offered | 7,82,000 | 15.02% | 14.26% |
| Retail Shares Offered | 18,24,000 | 35.04% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,76,000 | 5.03% | |
| Total Shares Offered | 54,82,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,18,000 |
| Retail (Max) | 1 | 2,000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
Paramount Speciality Forgings IPO raises ₹9.20 crore from anchor investors. Paramount Speciality Forgings IPO Anchor bid date is September 16, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 16, 2024 |
| Shares Offered | 15,60,000 |
| Anchor Portion (₹ Cr.) | 9.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Oct 22, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Dec 21, 2024 |
Incorporated in 1994, 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.
Competitive strengths:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 81.79 | 72.24 | 54.50 |
| Total Income | 113.64 | 112.24 | 92.43 |
| Profit After Tax | 7.25 | 2.76 | 3.13 |
| NET Worth | 22.91 | 15.66 | 19.70 |
| Reserves and Surplus | 8.03 | 15.65 | 19.69 |
| Total Borrowing | 24.93 | 20.28 | 11.77 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure through purchase of machinery and equipment required for expansion at the Khalapur Plant; | 23.81 |
| 2 | General Corporate purposes | 0.72 |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 32% |
| ROCE | 40% |
| Debt/Equity | 1.09 |
| RoNW | 31.65% |
| PAT Margin | 6.43% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.87 | 3.69 |
| P/E (x) | 12.1 | 16.01 |
| Promoter Holding | 100% | 72.15% |
| Market Cap | ₹116.12 Cr. |
The Paramount Speciality Forgings IPO is subscribed 73.88 times on September 20, 2024 6:19:59 PM (Day 4). The public issue subscribed 41.35 times in the retail category, 20.88 times in the QIB category, and 220.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 20.88 | 10,40,000 | 2,17,12,000 |
| NII* | 220.24 | 7,82,000 | 17,22,24,000 |
| Retail | 41.35 | 18,24,000 | 7,54,28,000 |
| Total | 73.88 | 36,46,000 | 26,93,64,000 |
Total Application : 37,714
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM's fees and commissions (including underwriting commission, brokerage and selling commission) | 1.78 |
| 2 | Selling commission/processing fee for SCSBs, Banker(s) to the offer, Sponsor Bank(s) and fee payable to the Sponsor Bank(s) for Bids made by RIBs(1)(2) | 0.00 |
| 3 | Bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 0.03 |
| 4 | Fees payable to the Registrar to the Offer | 0.02 |
| 5 | Listing fees, upload fees, NSE processing fees, book building software fees and other regulatory expenses | 0.04 |
| 6 | Printing and stationery | 0.02 |
| 7 | Advertising and marketing expenses | 0.10 |
| 8 | Fee payable to legal counsel | 0.02 |
| 9 | Fee payable to statutory auditors | 0.03 |
| 10 | Miscellaneous | 1.76 |
| Total | 3.80 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹83.00 |
| Low | ₹83.00 |
| High | ₹87.15 |
| Last Trade | ₹87.15 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Paramount Speciality Forgings IPO is a SME IPO of 54,82,000 equity shares of the face value of ₹10 aggregating up to ₹32 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Sep 17, 2024, and closes on Fri, Sep 20, 2024.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Paramount Speciality Forgings IPO using UPI as a payment gateway. Zerodha customers can apply in Paramount Speciality Forgings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paramount Speciality Forgings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paramount Speciality Forgings IPO opens on Tue, Sep 17, 2024 and closes on Fri, Sep 20, 2024.
Paramount Speciality Forgings IPO lot size is 2000, and the minimum amount required for application is ₹1,18,000.
You can apply in Paramount Speciality Forgings IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Paramount Speciality Forgings IPO will be done on Monday, September 23, 2024, and the allotted shares will be credited to your demat account by Tue, Sep 24, 2024. Check the Paramount Speciality Forgings IPO allotment status.
The Paramount Speciality Forgings IPO listing date is on Wed, Sep 25, 2024.
