Paramount Speciality IPO Live Subscription Status: Paramount Speciality IPO is Open on 17 September 2024 and Close on 20 September 2024. Paramount Speciality IPO to Raise 5,482,000 shares (Approx ₹32.34 Cr) via IPO. The Fresh Issue is 4,802,000 shares (Approx ₹28.33 Cr) and the offer for sale is 680,000 shares of ₹10 (Approx ₹4.01 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
The Paramount Speciality IPO is an SME IPO and Listed on NSE SME. Paramount Speciality IPO Price Band is Fixed at ₹59 Equity Shares. Paramount Speciality IPO Lot Size is 2000 Shares.
Also Read: Paramount Speciality Forgings IPO GMP, Review, Price & Details
Paramount Speciality IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 10,40,000 | 2,17,12,000 | 20.88 |
| Non Institutional Buyers (NIIs) | 7,82,000 | 17,22,24,000 | 220.24 |
| Retail Individual Buyers (RIIs) | 18,24,000 | 7,54,28,000 | 41.35 |
| Total | 36,46,000 | 26,93,64,000 | 73.88 |
Paramount Speciality IPO Subscription Status day-by-day-
| Categories | 17 Sep | 18 Sep | 19 Sep | 20 Sep |
|---|---|---|---|---|
| QIB | 1.14 | 1.14 | 1.47 | 20.88 |
| NII | 1.12 | 1.60 | 3.96 | 220.24 |
| RII | 2.87 | 5.98 | 10.52 | 41.35 |
| Total | 2.00 | 3.66 | 6.53 | 73.88 |
About IPO :
Paramount Speciality 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 holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
Paramount Speciality Review From MoneyMintIdea –
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