Paramount Speciality Forgings Ltd
Price Range
₹57 - ₹59
Min. Quantity
2,000
Closes on
20 September 2024
Min. investment
₹1,18,000/2,000 Shares
Paramount Speciality Forgings Ltd IPO Timeline
Paramount Speciality Forgings Limited was originally established as a partnership firm in the name and style of Paramount Forge' under the Partnership Act, 1932 with the Registrar of Firms, Mumbai on 01st November, 1994 as amended through partnership deed dated 07 July, 1995, and 01st April, 2000. Subsequently, the firm was converted from a Partnership Firm to a Limited Liability Partnership (LLP) and consequently the name of the firm was changed to Paramount Speciality Forgings LLP', and a fresh certificate of incorporation dated 27th June, 2019 was issued to our LLP by the RoC. The constitution of our LLP was further changed from a LLP to a Public Limited Company and consequently the name of the LLP was changed to Paramount Speciality Forgings Limited', and a fresh certificate of incorporation dated 5th May, 2023 was issued to our Company by the RoC.
| Event | Date |
|---|---|
| Paramount Speciality Forgings Ltd IPO Opening Date | 17 September 2024 |
| Paramount Speciality Forgings Ltd IPO Closing Date | 20 September 2024 |
| Basis of Allotment | 23 September 2024 |
| Initiation of Refunds | 24 September 2024 |
| Credit of Shares to Demat | 24 September 2024 |
| Paramount Speciality Forgings Ltd IPO Listing Date | 25 September 2024 |
Paramount Speciality Forgings Ltd IPO Details
| Paramount Speciality Forgings Ltd IPO Date | 17 September 2024 to 20 September 2024 |
| Paramount Speciality Forgings Ltd IPO Face Value | ₹10 per share |
| Paramount Speciality Forgings Ltd IPO Price | ₹57 to ₹59 per share |
| Paramount Speciality Forgings Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹32.34 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹28.33 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹4.01 Cr) |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Aliasgar Roshan Hararwala, Mohammed Salim Saharwala, Alisgar Abdulla Bhagat |
Paramount Speciality Forgings Ltd IPO Lot Size
The Paramount Speciality Forgings Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,18,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,18,000 |
| Maximum | 1 | 2,000 | ₹1,18,000 |
- Strengths
- Risks
- Opportunities
- Long-standing relationships with customers across industries.
- Manufacturing Facilities.
- Quality and focus on customer satisfaction.
- Experienced Promoters and Management Expertise.
- Track record of healthy financial performance.
- Continual development of new products.
Company Financials
Paramount Speciality Forgings Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 81.79 | 113.64 | 7.25 |
| 03-2023 | 72.24 | 112.24 | 2.76 |
| 03-2022 | 54.5 | 92.43 | 3.13 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure through purchase of machinery and equipment required for expansion at its Khopoli Plant
- General corporate expenses
Paramount Speciality Forgings Ltd IPO Promoter Holding
| Pre Issue Share Holding | 17.14% |
| Post Issue Share Holding | - |
Paramount Speciality Forgings Ltd IPO Subscription Status (Bidding Detail)
The Paramount Speciality Forgings Ltd IPO is subscribed 68.7506 times on 20 September 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 68.7506 |
Paramount Speciality Forgings Ltd IPO Prospectus
Paramount Speciality Forgings Ltd IPO Listing Date
| Listing Date | 25 September 2024 |
| BSE Script | 92644 |
| NSE Symbol | PSFL |
| Listing In | NSE - SME |
| ISIN | INE0Q6001012 |
| IPO Price | ₹59 |
| Face Value | ₹10 |
Company Contact Information
3 1 Guru Himmat BuildingDr Mascar.Rd Anjirwadi Mazgaon,Mumbai-400010
Phone: +91 22 2373 2656
Email: compliance@paramountforge.org
Website: www.paramountforge.com
Paramount Speciality Forgings Ltd IPO Registrar
Paramount Speciality Forgings Ltd IPO Lead Manager(s)
- Swaraj Shares & Securities Pvt Ltd
FAQ
What is the issue size of Paramount Speciality Forgings Ltd IPO?
I have pre-applied for Paramount Speciality Forgings Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.