Paramount Speciality Forgings IPO GMP : Paramount Speciality Forgings IPO GMP is Open on 17 September 2024 and Close on 20 September 2024. Paramount Speciality Forgings IPO to Raise 5,482,000 shares (Approx ₹32.34 Cr) via IPO. The Fresh issue of 4,802,000 shares (Approx ₹28.33 Cr) and The Offer For Sale is 680,000 shares of ₹10 (Approx ₹4.01 Cr).
We are manufacturers of steel forgings in India offering a diverse range of forged products. We have developed our business and scale of operations since its founding in 1996 and have invested in a variety of machinery to boost and diversify our manufacturing capabilities. We can now manufacture and provide forged components ranging in weight from 1Kg to 4 metric tons in rough or finish-machined condition.
Our products are manufactured in accordance with National & International standards and is used in a wide range of industrial applications catering to the extensive requirements of Petrochemicals, Chemicals, Fertilizers, Oil & Gas, Nuclear Power, and other heavy engineering sectors.
We benefit from our experience in catering to a wide range of customers due to our legacy of over three decades in the manufacturing businesses and have built long-standing relationships with customers across end-users in the Petrochemicals, Chemicals & Fertilizer, Oil & Gas, Nuclear, Power & other Heavy Engineering Industries.
We as an organization have established, implemented, and maintained an Integrated Management System (IMS), including the processes needed and their interactions, to achieve the intended outcome, including enhancing environmental and OH & S performance. The organization has considered the knowledge it gained during determination of internal and external issues, workers and other interested parties’ requirements while establishing and maintaining the Integrated Management System. The organization ensures continual improvement in IMS.
Manufacturing Process
- Raw Material
- Sawing
- Machinery
- Forging
- Ring Rolling
Paramount Speciality Forgings IPO Date & Price Band Details
| IPO Open Date | 17 Sep 2024 |
|---|---|
| IPO Close Date | 20 Sep 2024 |
| IPO Size | 5,482,000 shares (Approx ₹32.34 Cr) |
| Fresh Issue | 4,802,000 shares (Approx ₹28.33 Cr) |
| Offer For Sale | 680,000 shares of ₹10 (Approx ₹4.01 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹57 to ₹59 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Paramount Speciality Forgings IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹118,000 |
| Retail Maximum | 1 | 2000 | ₹118,000 |
| S-HNI Minimum | 2 | 4000 | ₹236,000 |
Object of the Issue
- Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects.
- Capital expenditure through purchase of machinery and equipment required for expansion at our Khopoli Plant.
- General Corporate purposes.
Paramount Speciality Forgings IPO Allotment & Listings (Details)
| IPO Open Date | 17 Sep 2024 |
|---|---|
| IPO Close Date | 20 Sep 2024 |
| Basis of Allotment | 23 Sep 2024 |
| Refunds | 24 Sep 2024 |
| Credit to Demat Account | 24 Sep 2024 |
| IPO Listing Date | 25 Sep 2024 |
Paramount Speciality Forgings Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| June 2023 | ₹30.12 | ₹28.61 | ₹0.77 |
| 2023 | ₹112.24 | ₹108.66 | ₹2.76 |
| 2022 | ₹92.43 | ₹88.60 | ₹3.13 |
| 2021 | ₹51.94 | ₹52.49 | ₹0.27 |
Our 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
Qualitative Factors
- 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.
- Our Passion for Excellence to achieve.
Also Read: Osel Devices IPO
Paramount Speciality Forgings Company Contact Details
3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi, Mazgaon, Mumbai –
Registration Number: 402307
Telephone: 91-22-2373 2656
E-mail: compliance@paramountforge.org
Investor grievance id: compliance@paramountforge.org
Website: www.paramountforge.com
Paramount Speciality Forgings Lead Manager
Swaraj Shares and Securities Private Limited
304, A Wing, 215 Atrium Near, Courtyard Marriot, Andheri Kurla Road, Andheri East, Mumbai – 400093, Maharashtra, India
Telephone: +91-22-6964-9999
Email ID: compliance@swarajshares.com
Website: www.swarajshares.com
Investor Grievance ID: investor.relations@swarajshares.com
Contact Person: Tanmoy Banerjee/ Pankita Patel
Paramount Speciality Forgings IPO Registrar
Purva Sharegistry (India) Private Limited
9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (East) Mumbai 400011, Maharashtra, India.
Tel: +91 022 2301 8261
E-mail: support@purvashare.com
Investor Grievance Email: support@purvashare.com
Website: www.purvashare.com
Contact Person: Ms. Deepali Dhuri
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