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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 ₹59.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,14,000 (2000 shares). The minimum lot size investment for 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 Date | September 17, 2024 to September 20, 2024 |
| Listing Date | September 25, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹57 to ₹59 per share |
| Issue Price Final | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 54,82,000 shares (aggregating up to ₹32.34 Cr) |
| Reserved for Market Maker | 2,76,000 shares Shreni Shares Ltd. (aggregating up to ₹1.63 Cr) |
| Fresh Issue (Ex Market Maker) | 45,26,000 shares (aggregating up to ₹26.70 Cr) |
| Offer for Sale | 6,80,000 shares of ₹10 (aggregating up to ₹4.01 Cr) |
| Net Offered to Public | 52,06,000 shares (aggregating up to ₹30.72 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,48,80,000 shares |
| Share Holding Post Issue | 1,96,82,000 shares |
Paramount Speciality Forgings IPO offers total 54,82,000 shares. Out of which 26,00,000 (47.43%) allocated to QIB, 10,40,000 (18.97%) allocated to QIB, 7,82,000 (14.26%) allocated to NII, 18,24,000 (33.27%) allocated to RII and 15,60,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,76,000 (5.03%) |
| QIB Shares Offered | 26,00,000 (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 (14.26%) |
| Retail Shares Offered | 18,24,000 (33.27%) |
| Total Shares Offered | 54,82,000 (100.00%) |
Paramount Speciality Forgings IPO raises ₹9.20 crore from anchor investors. Paramount Speciality Forgings IPO Anchor bid date is September 16, 2024. Paramount Speciality Forgings IPO Anchor Investors list
| Bid Date | September 16, 2024 |
| Shares Offered | 15,60,000 |
| Anchor Portion Size (In Cr.) | 9.20 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 22, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 21, 2024 |
Paramount Speciality Forgings IPO opens on September 17, 2024, and closes on September 20, 2024.
| IPO Open Date | Tue, Sep 17, 2024 |
| IPO Close Date | Fri, Sep 20, 2024 |
| Tentative Allotment | Mon, Sep 23, 2024 |
| Initiation of Refunds | Tue, Sep 24, 2024 |
| Credit of Shares to Demat | Tue, Sep 24, 2024 |
| Tentative Listing Date | Wed, Sep 25, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 20, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
Paramount Speciality Forgings Limited's revenue increased by 1% and profit after tax (PAT) rose by 163% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,179.18 | 7,223.87 | 5,450.48 |
| Total Income | 11,363.62 | 11,224.1 | 9,243.16 |
| Profit After Tax | 725.36 | 275.84 | 313.44 |
| Net Worth | 2,291.49 | 1,566.14 | 1,970.49 |
| Reserves and Surplus | 803.49 | 1,565.14 | 1,969.49 |
| Total Borrowing | 2,492.82 | 2,027.65 | 1,176.93 |
| Amount in ₹ Lakhs | |||
The market capitalization of Paramount Speciality Forgings IPO is ₹116.12 Cr.
KPI as of Fri, Mar 31, 2023.
| 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 |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It posted steady growth in its top and bottom lines for the reported periods, however, the sudden boost in margins for FY2 raises eyebrows and concern over its sustainability. Based on FY24 earnings, the issue relatively appears fully priced. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | September 25, 2024 |
| BSE Script Code | |
| NSE Symbol | PSFL |
| ISIN | INE0Q6001012 |
| Final Issue Price | ₹59 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹83.00 |
| Low | ₹83.00 |
| High | ₹87.15 |
| Last Trade | ₹87.15 |
Paramount Speciality Forgings Ltd.
3, 1, Guru Himmat Building,
Dr. Mascarenhas Road Anjirwadi
Mazgaon, Mumbai - 400010
Mumbai, Maharashtra
Phone: +91-22-23732656
Email: compliance@paramountforge.org
Website: https://paramountforge.com/
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 is a SME IPO of 54,82,000 equity shares of the face value of ₹10 aggregating up to ₹32.34 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on September 17, 2024, and closes on September 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 September 17, 2024 and closes on September 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 Tuesday, September 24, 2024. Check the Paramount Speciality Forgings IPO allotment status.
The Paramount Speciality Forgings IPO listing date is on Wednesday, September 25, 2024.
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