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Paramount Speciality Forgings IPO Date, Review, Price, Allotment Details

Paramount Speciality Forgings IPO is opening for subscription on September 17, 2024, and closing on September 19, 2024. This NSE SME IPO aims to raise ₹32.34 crores, consists of ₹28.33 Crore fresh issue and ₹4.01 Crore offer for sale of 5,482,000 equity shares, each with a face value of ₹10. The price band for the Paramount Speciality Forgings IPO is fixed at ₹57 - ₹59 Per Share, with a market lot of 2000 share. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Paramount Speciality Forgings IPO Allotment will done on September 20, 2024, and Paramount Speciality Forgings IPO listing date is September 24, 2024.   Paramount Speciality Forgings Company Profile Paramount Speciality Forgings Limited, established in November 1994, is a prominent manufacturer of steel forgings in India. Since its inception, the company has seen substantial growth, expanding its operations and investing in advanced machinery to enhance and diversify its production capabilities. Paramount Speciality Forgings now offers a wide range of forged products, with weights ranging from 1 kg to 4 tons, available in both raw and finished conditions. Their products meet stringent national and international standards and are utilized across various industries, including petrochemical, chemical, fertilizer, oil and gas, nuclear, and other heavy industries. The company has developed an Integrated Management System (IMS) to streamline its processes and ensure continuous improvement in environmental, health, and safety performance. This system is designed with consideration of internal and external issues, employee requirements, and stakeholder needs, ensuring ongoing enhancement of its operations. Paramount Speciality Forgings' product line includes tube sheets, forged rings, spacers, circumferential flanges, tyre rings, self-reinforced nozzles, long welding neck flanges, seats, valve bodies, and hoods, among others. The company operates two manufacturing facilities in Maharashtra—one in Kamothe and the other in Khalapur. The Kamothe facility features a drop forging plant equipped with two pneumatic jackhammers (2T and 5T) and a drop forging hammer with a capacity of 1.5 MT, enabling the production of forgings up to 120 kg.   Paramount Speciality Forgings IPO GMP   Paramount Speciality Forgings IPO Objectives The funds raised through the IPO will be utilized for: - Capital expenditure for machinery and equipment at their Khopoli Plant. - General corporate purposes.   Paramount Speciality Forgings IPO Key Details - Paramount Speciality Forgings IPO Open Date: September 17, 2024 - Paramount Speciality Forgings IPO Close Date: September 19, 2024 - Paramount Speciality Forgings IPO Size: Approximately ₹32.34 crores, 5,482,000 Equity Shares - Face Value: ₹10 Per Equity Share - Paramount Speciality Forgings IPO Price Band: ₹57 - ₹59 Per Equity Share - Paramount Speciality Forgings IPO Listing on: NSE SME IPO - Retail Quota: 35% of the net offer - QIB Quota: 50% of the net offer - HNI Quota: 15% of the net offer   Paramount Speciality Forgings IPO Timeline - Paramount Speciality Forgings IPO Open Date: September 17, 2024 - Paramount Speciality Forgings IPO Close Date: September 19, 2024 - Basis of Allotment: September 20, 2024 - Refunds: September 23, 2024 - Credit to Demat Account: September 23, 2024 - Paramount Speciality Forgings IPO Listing Date: September 24, 2024   How to Apply for Paramount Speciality Forgings IPO Investors can apply for the Paramount Speciality Forgings IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.   Paramount Speciality Forgings Financial Performance (in Crores) - Year 2021: Revenue ₹51.94, Expense ₹52.49, PAT ₹0.27 - Year 2022: Revenue ₹92.43, Expense ₹88.60, PAT ₹3.13 - Year 2023: Revenue ₹112.24, Expense ₹108.66, PAT ₹2.76 - June 2023: Revenue ₹30.12, Expense ₹28.61, PAT ₹0.77   Paramount Speciality Forgings Valuation FY2024 - Earnings Per Share (EPS): ₹2,758.40 per Equity Share - Price/Earnings (P/E) Ratio: NA - Return on Net Worth (RoNW): 17.61% - Net Asset Value (NAV): ₹1,566.14 per Equity Share   Paramount Speciality Forgings Peer Group - N/A   Paramount Speciality Forgings Company Promoters - Aliasgar Roshan Hararwala - Mohammed Salim Hararwala - Aliasgar Abdulla Bhagat - Abdulla Aliasgar Bhagat - Hoozefa Saleem Hararwala - Abbasali Salim Hararwala - Zahid Mohamadi Hararwala - Roshan Alihusain Hararwala   Paramount Speciality Forgings IPO Registrar Purva Sharegistry India Pvt Ltd 9, Shiv Shakti Industrial Estate, JR Borica Marg, Lower Parel (East), Mumbai - 400 011 Website: https://www.purvashare.com/investor-service/ipo-query Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com   Paramount Speciality Forgings IPO Allotment Status Check - Check the Paramount Speciality Forgings IPO allotment status on the Purva Sharegistry India website.   Paramount Speciality Forgings IPO Allotment Link - Check the Paramount Speciality Forgings IPO allotment on the Check Ipo Allotment website.   Paramount Speciality Forgings IPO Lead Managers (Merchant Bankers) - Swaraj Shares & Securities Pvt. Ltd   Paramount Speciality Forgings Company Address 3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi, Mazgaon, Mumbai ,Maharashtra -400 010 India Website: https://paramountforge.com/ Phone: +91-22-23732656 Email: compliance@paramountforge.org   Paramount Speciality Forgings IPO FAQs   What is Paramount Speciality Forgings IPO? Paramount Speciality Forgings IPO is an NSE SME IPO. They are going to raise ₹32.34 crores via IPO. The issue is priced at ₹57 - ₹59 Per equity share. The IPO is to be listed on NSE.   When will the Paramount Speciality Forgings IPO open? The IPO is to open on September 17, 2024, for NII, and Retail Investors.   What is Paramount Speciality Forgings IPO Investors Portion? The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.   How to Apply for the Paramount Speciality Forgings IPO? You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.   How to Apply Gala Precision Engineering IPO through M-Stock? For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.   How to Apply the Paramount Speciality Forgings IPO through Alice Blue? Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.   How to Apply for the Paramount Speciality Forgings IPO through Motilal Oswal? Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.   What is Paramount Speciality Forgings IPO Size? Paramount Speciality Forgings IPO size is ₹32.34 crores.   What is Paramount Speciality Forgings IPO Price Band? Paramount Speciality Forgings IPO Price Band is ₹57 - ₹59 Per equity share.   What is Paramount Speciality Forgings IPO Minimum and Maximum Lot Size? The IPO bid is 2000 share with ₹118,000.   What is Paramount Speciality Forgings IPO Allotment Date? Paramount Speciality Forgings IPO allotment date is September 20, 2024.   What is Paramount Speciality Forgings IPO Listing Date? Paramount Speciality Forgings IPO listing date is September 24, 2024. The IPO to list on NSE SME IPO. Read the full article