Paramount Speciality Forgings Limited IPO price band sets at Rs. 57 to Rs. 59 per equity shares with a face value of Rs. 10 each. The IPO is a book-built issue of Rs. 32.34 crore. The issue is both fresh issue of 48.02 lakh equity shares and offer for sale of 6.80 lakh equity share.
Paramount Speciality Forgings Limited subscription starts on Tuesday, September 17, 2024 and end on Thursday, September 19, 2024. The allotment for the Paramount Speciality Forgings IPO is expected to be finalized on Friday, September 20, 2024. The allotment for the Paramount Speciality Forgings IPO will list on NSE SME with tempting listing date fixed as Tuesday, September 24, 2024.
The minimum order quantity of the issue is 2,000 equity shares. The minimum amount of investment required for Retail is ₹1,18,000. The minimum bid size for sHNI is 2 lots aggregating to ₹2,36,000. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
Swaraj Shares and Securities Private Limited is book running lead manager of the IPO. Axis Bank Limited is sponsor bank to the issue. Purva Sharegistry Private Llimited is registrar to Paramount Speciality Forgings Limited IPO.
Paramount Speciality Forgings Limited-
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 2,291.49 | 1,566.14 | 1,970.49 |
| Revenue | 11,275.65 | 11,035.77 | 8,758.25 |
| PAT | 725.36 | 275.84 | 313.44 |
| PAT Margin | 6.43% | 2.50% | 3.58% |
| Total Borrowings | 2,492.82 | 2,027.65 | 1,176.93 |
Objects of the issue –
- Capital expenditure through purchase of machinery and equipment required for expansion at our Khalapur Plant.
- General Corporate purposes.
About Paramount Speciality Forgings Limited-
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.
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