Paramount Speciality Forgings Limited, established in 1994, is a leading steel forgings manufacturer in India with facilities in Kamothe and Khalapur, Maharashtra. We produce various forged products, including Tube Sheet Blanks, Forged Rings, and Valve Bodies, adhering to national and international standards for diverse industries like petrochemicals and nuclear power. Our closed die plant holds certifications for quality and environmental management (ISO 9001-2008, ISO 14001-2004) and is accredited by key Oil & Gas companies. Our competitive edge lies in our experienced management, commitment to quality through automation and process optimization, strong customer relationships, and robust digital marketing strategies.

Paramount Speciality Forgings Limited IPO opens on   September 17, 2024, and closes on September 19, 2024. The allotment for the Paramount Speciality Forgings IPO is anticipated to be completed on Friday, September 20, 2024. The IPO will be tentatively listed on the NSE and SME on Tuesday, September 24, 2024.

Paramount Speciality Forgings IPO’s price band is Rs. 57 to Rs. 59 per share. The IPO is a book-built issue of  Rs. 32.34 crores. The Issue combines a fresh issue of 48.02 lakh shares aggregating to Rs. 28.33 crores and an offer for sale of 6.8 lakh shares aggregating to Rs. 4.01 crores.

Paramount Speciality Forgings IPO Details

IPO DateSeptember 17, 2024 to September 19, 2024
Face Value₹10 per share
Price₹57 to ₹59 per share
Lot Size2000 Shares
Total Issue Size5,482,000 shares
Fresh Issue4,802,000 shares
Offer for Sale680,000 shares of ₹10
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding pre-issue14,880,000
Shareholding post-issue19,682,000
Market Maker portion276,000 shares

Paramount Speciality Forgings IPO Timeline

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

IPO Open DateTuesday, September 17, 2024
IPO Close DateThursday, September 19, 2024
Basis of AllotmentFriday, September 20, 2024
Initiation of RefundsMonday, September 23, 2024
A credit of Shares to DematMonday, September 23, 2024
Listing DateTuesday, September 24, 2024
Cut-off time for UPI mandate confirmation5 PM on September 19, 2024

Paramount Speciality Forgings IPO Lot Size

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

ApplicationLotsSharesAmount
Retail (Min)12000₹118,000
Retail (Max)12000₹118,000
S-HNI (Min)24000₹236,000

Paramount Speciality Forgings Limited Financial Information

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets8,179.187,223.875,450.48
Revenue11,363.6211,224.19,243.16
Profit After Tax725.36275.84313.44
Net Worth2,291.491,566.141,970.49
Reserves and Surplus803.491,565.141,969.49
Total Borrowing2,492.822,027.651,176.93

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IPO,

Last Update: September 17, 2024