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Paramount Speciality Forgings Limited IPO (Paramount Speciality Forgings IPO ) Details
Paramount Speciality Forgings Limited
Paramount Speciality Forgings IPO 's overview
Paramount Speciality Forgings IPO is a book built issue of ₹32.34 Cr (32,34,38,000). The issue is a combination of fresh issue of 48.02 Lakh (48,02,000) shares aggregating to ₹28.33 Cr (28,33,18,000) and offer for sale of 6.80 Lakh (6,80,000) shares aggregating to ₹4.01 Cr (4,01,20,000).
Paramount Speciality Forgings IPO bidding started from Sep 17, 2024 and ended on Sep 19, 2024. The allotment for Paramount Speciality Forgings IPO was finalized on Sep 20, 2024. The shares got listed on NSE on Sep 24, 2024.
Paramount Speciality Forgings IPO price band is set at ₹57 to ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹1.14 Lakh (1,14,000).
Refer to Paramount Speciality Forgings IPO RHP for detailed information.
IPO date
Sep 17,2024 - Sep 19,2024
Listing Date
Sep 24,2024
Face value
₹10
Price Band
₹57 to ₹59 per share
Lot
₹2000 Shares
Total Issue Size
54.82 Lakh (54,82,000)
aggregating up to ₹32.34 Cr (32,34,38,000)
Fresh Issue
48.02 Lakh (48,02,000)
aggregating up to ₹28.33 Cr (28,33,18,000)
Offer for sale
6.80 Lakh (6,80,000)
aggregating up to ₹4.01 Cr (4,01,20,000)
Issue Type
Book Building
IPO Type
SMEListing At
NSE
Tue, Sep 17, 2024
IPO Open
Thu, Sep 19, 2024
IPO Close
Fri, Sep 20, 2024
Basis of Allotment
Mon, Sep 23, 2024
Initiation of Refunds
Mon, Sep 23, 2024
Credit of Shares to Demat
Tue, Sep 24, 2024
Listing
Paramount Speciality Forgings IPO Day-wise IPO GMP Trend
Paramount Speciality Forgings IPO last GMP is ₹10, last updated Sep 23,2024. With the price band of 59.00, Paramount Speciality Forgings IPO 's estimated listing price is ₹69 (cap price + today's GMP).The expected percentage gain/loss per share is 16.95%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 23-Sep-24 | 59.00 | 10 | 69(16.95%) | 23-Sep-2024 15:31 |
| 22-Sep-24 | 59.00 | 10 | 69(16.95%) | 22-Sep-2024 23:30 |
| 21-Sep-24 | 59.00 | 10 | 69(16.95%) | 21-Sep-2024 23:27 |
| 20-Sep-24 | 59.00 | 10 | 69(16.95%) | 20-Sep-2024 23:25 |
| 19-Sep-24 | 59.00 | 0 | 59(0.00%) | 19-Sep-2024 23:32 |
| 18-Sep-24 | 59.00 | 0 | 59(0.00%) | 18-Sep-2024 23:32 |
| 17-Sep-24 | 59.00 | 0 | 59(0.00%) | 17-Sep-2024 23:23 |
| 16-Sep-24 | 59.00 | 0 | 59(0.00%) | 16-Sep-2024 23:31 |
| 15-Sep-24 | 59.00 | 0 | 59(0.00%) | 15-Sep-2024 23:27 |
| 14-Sep-24 | 59.00 | 0 | 59(0.00%) | 14-Sep-2024 23:32 |
| 13-Sep-24 | 59.00 | 0 | 59(0.00%) | 13-Sep-2024 23:25 |
| 12-Sep-24 | 59.00 | 0 | 59(0.00%) | 12-Sep-2024 23:25 |
| 11-Sep-24 | 59.00 | 0 | 59(0.00%) | 11-Sep-2024 23:32 |
| 10-Sep-24 | 59.00 | 0 | 59(0.00%) | 10-Sep-2024 23:27 |
Paramount Speciality Forgings IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 2,000 | ₹1.18 Lakh (1,18,000) |
Retail(Max) | 1 | 2,000 | ₹1.18 Lakh (1,18,000) |
HNI(Min) | 2 | 4,000 | ₹2.36 Lakh (2,36,000) |
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.
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:
- Experienced management team: The management team of the company has industry experience and is accountable for growing operations and financial performance.
- Focus on Quality:The company is seeking to streamline processes, reduce waste, and improve product quality. To achieve this, we have: (i) Automated manufacturing processes to increase productivity and cut manpower costs. (ii) Designed machining lines to optimize processes and reduce manpower costs by combining multiple processes on a single machine. (iii) Reduced the input weights needed for forging products, resulting in reduced material costs.
- Long Term Customer Relationship:The company provides clients with expert services, which enhances customer retention and encourages repeat business.
- Effective branding and Digital Market activities: The company focuses on brand visibility through multiple marketing channels, including retail branding, web marketing, magazine advertising, outdoor advertising, and digital marketing.
Paramount Speciality Forgings IPO 's documents
Paramount Speciality Forgings Limited Contact Details
Paramount Speciality Forgings Limited
3, 1, Guru Himmat Building,
Dr. Mascarenhas Road Anjirwadi
Mazgaon, Mumbai - 400010
Phone: +91-22-23732656
Email: [email protected]
Website: https://paramountforge.com/
Paramount Speciality Forgings IPO 's Promoters
The Promoters of the company are Aliasgar Roshan Hararwala, Aliasgar Abdulla Bhagat, Mohammed Salim Hararwala, Abdulla Aliasgar Bhagat, Hoozefa Saleem Hararwala, Abbasali Salim Hararwala, Zahid Mohamadi Hararwala and Roshan Alihusain Hararwala.