Paramount Speciality Forgings is launching its IPO with a book-built issue worth Rs 32.34 crores. The offer comprises a fresh issue of 48.02 lakh shares, totalling Rs 28.33 crores, and an offer for the sale of 6.8 lakh shares, amounting to Rs 4.01 crores.
This exciting opportunity is part of the upcoming IPOs to invest in, with subscription opening on September 17, 2024, and closing on September 19, 2024. The IPO allotment is expected on Friday, September 20, 2024, and listing on the NSE SME is set for September 24, 2024.
The price band for the Paramount Speciality Forgings IPO is between ₹57 and ₹59 per share, with retail investors required to make a minimum investment of ₹118,000 for 2000 shares.
For HNI investors, the minimum investment is 2 lots, which equals 4000 shares, amounting to ₹236,000. Swaraj Shares and Securities Private Limited is the book-running lead manager, while Purva Sharegistry India Pvt Ltd is the registrar. This could be a valuable IPO investment opportunity for those seeking growth in the SME IPO sector.
The Paramount Speciality Forgings IPO offers a promising investment opportunity in the SME sector. Investors can subscribe between September 17-19, 2024, with shares set to list on the NSE SME. Key details like lot size, price band, and allotment dates make this an appealing option for IPO investors.
| Listing date | September 24, 2024 |
| Paramount Speciality Forgings Limited IPO date | September 17, 2024 to September 19, 2024 |
| Price band | ₹57 to ₹59 per share |
| Face value | ₹10 per share |
| Total issue size | 5,482,000 shares(aggregating up to ₹32.34 Cr) |
| Lot size | 2000 Shares |
| Offer for sale | 680,000 shares of ₹10(aggregating up to ₹4.01 Cr) |
| Fresh issue | 4,802,000 shares(aggregating up to ₹28.33 Cr) |
| Listing at | NSE SME |
| Issue type | Book Built Issue IPO |
| Market maker portion | 276,000 shares |
| Share holding post issue | 19,682,000 |
| Share holding pre-issue | 14,880,000 |
The Paramount Speciality Forgings IPO timeline includes the subscription period from September 17 to September 19, 2024. Allotment results are anticipated on September 20, 2024, with the listing on NSE SME scheduled for September 24, 2024. Refer to the table for detailed dates and deadlines.
| IPO open date | September 17, 2024, Tuesday |
| IPO close date | September 19, 2024, Thursday |
| Basis of allotment | September 20, 2024, Friday |
| Initiation of refunds | September 23, 2024, Monday |
| Credit of shares to demat | September 23, 2024, Monday |
| Listing date | September 24, 2024, Tuesday |
| Cut-off time for UPI mandate confirmation | September 19, 2024, 5 PM |
Incorporated in 1994, Paramount Speciality Forgings Limited is a leading steel forgings manufacturer in India. With facilities in Kamothe and Khalapur, Maharashtra, the company produces a variety of forged products, such as Tube Sheet Blanks, Forged Rings, and Girth Flanges. Paramount's products adhere to both national and international standards and serve industries like petrochemicals, oil and gas, and heavy engineering. The company's closed-dye plant is ISO 9001-2008, ISO 14001-2004, and BS OHSAS 18001-2007 certified and is recognised by major Oil & Gas firms and statutory bodies. Paramount's competitive strengths include a skilled management team, a focus on quality through process automation, and strong customer relationships supported by effective branding and digital marketing efforts.
Paramount Speciality Forgings Limited has shown notable financial performance with a 1% increase in revenue and a remarkable 163% rise in profit after tax (PAT) for the fiscal year ending March 31, 2024, compared to March 31, 2023. The company's market capitalisation for the IPO stands at Rs 116.12 crore. As of March 31, 2023, key performance indicators for Paramount Speciality Forgings include a Return on Equity (ROE) of 32%, a Return on Capital Employed (ROCE) of 40%, and a Debt/Equity ratio of 1.09. The PAT Margin is 6.43%, and the Return on Net Worth (RoNW) is 31.65%. The IPO's Earnings Per Share (EPS) is 4.87 pre-IPO and 3.69 post-IPO. Paramount Speciality Forgings Limited IPO GMP updates are pending.
| Period ended | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 11,363.62 | 11,224.10 | 9,243.16 |
| Assets | 8,179.18 | 7,223.87 | 5,450.48 |
| Net worth | 2,291.49 | 1,566.14 | 1,970.49 |
| Profit after tax | 725.36 | 275.84 | 313.44 |
| Total borrowing | 2,492.82 | 2,027.65 | 1,176.93 |
| Reserves and surplus | 803.49 | 1,565.14 | 1,969.49 |
| Amount in ₹ Lakhs | |||
Considering Paramount Speciality Forgings' promising financial performance and its strategic position within the SME sector, this IPO presents a notable opportunity among the upcoming IPOs to invest in. With its solid financials, including a significant rise in profit after tax and strong key performance indicators, the company appears well-positioned for future growth. The IPO offers a price band of ₹57 to ₹59 per share, making it accessible for both retail and HNI investors. If you're looking for a compelling IPO investment with potential upside in a growing industry, this offering is worth serious consideration. As always, thorough due diligence and alignment with your investment goals are crucial before making any decisions.
The Paramount Speciality Forgings Limited IPO SME will be offering 5,482,000 equity shares, each with a face value of ₹10, amounting to a total of ₹32.34 crores. The shares are priced between ₹57 and ₹59 each, with a minimum order quantity of 2000 shares. The IPO will be open for subscription from September 17, 2024, to September 19, 2024. Purva Sharegistry India Pvt Ltd will serve as the registrar for this IPO, and the shares are anticipated to be listed on the NSE SME.
The listing date for the Paramount Speciality Forgings IPO has yet to be officially announced. However, the tentative date for the IPO to be listed is Tuesday, September 24, 2024.
The lot size for the Paramount Speciality Forgings IPO is 2000 shares, with a minimum investment amount of ₹118,000.
For android only