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SME IPO Status: Open [17th Sep 2024 to 20th Sep 2024]
Paramount Speciality Forgings IPO, a SME IPO of ₹32.34 Cr opens for subscription from 17-09-2024 to 20-09-2024. The IPO consists of ₹28.33 Cr fresh issue and ₹4.01 Cr offer for sale.
The face value is Rs 10 and the price band is fixed at 57.00-59.00 per share. You can apply to the Paramount Speciality Forgings SME IPO for a minimum lot of 2000 shares amounting of Rs 118000.
The tentative listing date on the exchange (NSE SME) is 25-09-2024.Stay tuned with us to get more details about Paramount Speciality Forgings SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 17th Sep 2024 |
| SME IPO Issue Closing Date: | 20th Sep 2024 |
| SME IPO Issue Price: | ₹57.00-59.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹32.34 Cr |
| Offer for Sale: | ₹4.01 Cr |
| Fresh Issue: | ₹28.33 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 72.15% |
Get important updates regarding Paramount Speciality Forgings SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 23rd Sep 2024 |
| Refunds Initiation* | 24th Sep 2024 |
| Credit of Shares to Demat* | 24th Sep 2024 |
| SME IPO Listing Date* | 25th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹57.00-59.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹118000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹236000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 59.00 | 0 | -- | ₹59 (0%) | 19-Sep-2024 13:30 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Paramount Speciality Forgings Limited was founded in November 1994. The company is a manufacturer of steel forgings in India and offers a wide range of forged products. Since its inception in 1996, the company has expanded its business and scope of operations, investing in a variety of machinery to expand and diversify its manufacturing capabilities. The company can now manufacture and supply forgings weighing from 1 kg to 4 tons in raw or finished condition. The products are manufactured to national and international standards and are used in a wide range of industrial applications that meet the extensive requirements of the petrochemical, chemical, fertilizer, oil and gas, nuclear and other heavy industries.
The company has established an Integrated Management System (IMS) that encompasses the necessary processes and their interactions to achieve the desired results, including improving environmental, health and safety performance in the workplace. In establishing and maintaining the Integrated Management System, the organization has considered the findings from the identification of internal and external issues and the requirements of employees and other stakeholders. The organization ensures continuous improvement of the IMS.
The company manufactures a range of forged products, including tube sheets, forged rings, spacers, circumferential flanges, tyre rings, self-reinforced nozzles, long welding neck flanges, seats, valve bodies, hoods, etc.
The company owns and operates two manufacturing facilities, one in Kamothe and the other in Khalapur, Maharashtra. Its drop forging plant is equipped with two pneumatic jackhammers (2T and 5T) and a drop forging hammer with a capacity of 1.5 MT, which can produce forgings weighing up to 120 kg.
| Incorporation | Sector | IPO Issue Size | Website |
| 1994 | Industrial Products | ₹32.34 Cr | https://paramountforge.com/ |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,040,000 (28.52%) | 782,000 (21.45%) | 1,824,000 (50.03%) | 3,646,000 | |
| 1 | 17th Sep 2024 19:32 | 1.14x | 1.12x | 2.87x | 2.00x |
| 2 | 18th Sep 2024 16:22 | 1.14x | 1.60x | 5.98x | 3.66x |
| 3 | 19th Sep 2024 12:53 | 1.14x | 2.72x | 8.62x | 5.22x |
Paramount Speciality Forgings Limited's revenue increased by 1% and profit after tax (PAT) rose by 163% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 8,179.18 | 7,223.87 | 5,450.48 | |||||||||||||||||||||||||||
| Revenue | 11,363.62 | 11,224.1 | 9,243.16 | |||||||||||||||||||||||||||
| Profit After Tax | 725.36 | 275.84 | 313.44 | |||||||||||||||||||||||||||
| Net Worth | 2,291.49 | 1,566.14 | 1,970.49 | |||||||||||||||||||||||||||
| Reserves and Surplus | 803.49 | 1,565.14 | 1,969.49 | |||||||||||||||||||||||||||
| Total Borrowing | 2,492.82 | 2,027.65 | 1,176.93 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
Last Updated on 19-Sep-2024 13:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Paramount Speciality Forgings SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Paramount Speciality Forgings SME IPO with Zerodha.
Alternate approch to apply in Paramount Speciality Forgings SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Paramount Speciality Forgings SME IPO Review and Important Updates
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To subscribe or apply in Paramount Speciality Forgings SME IPO, you can use the following methods:
| Paramount Speciality Forgings SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Paramount Speciality Forgings SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Paramount Speciality Forgings SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Paramount Speciality Forgings SME IPO. Most of the Syndicate Banks provide access to apply in Paramount Speciality Forgings IPO via ASBA process. You must have your net banking access, DP ID information to apply in Paramount Speciality Forgings SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Paramount Speciality Forgings SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Paramount Speciality Forgings SME IPO Review and Important Updates
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Paramount Speciality Forgings SME IPO is going to be list on 25-09-2024.
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Paramount Speciality Forgings SME IPO Allotment Date is 23-09-2024.
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