September 25, 2024
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Paramount Speciality Forgings GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com, a legacy of 31 Years. India`s Oldest Investment & IPO website. Most Trusted by Investors across India. Table of Contents
Paramount Speciality Forgings listing Review
Paramount Speciality Forgings IPO allotment Link
What is the latest grey market premium of Paramount Speciality Forgings IPO?
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What is the business of Paramount Speciality Forgings?
The company is manufacturers of steel forgings in India offering a diverse range of forged products. It has developed our business and scale of operations since its founding in 1996 and have invested in a variety of machinery to boost and diversify its 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. Its 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.
The company owns and operate two manufacturing facilities, with one in Kamothe and one in Khalapur, Maharashtra. Our Closed Die Forging Plant shop is equipped with two pneumatic air hammers 2T and 5T and a Drop Forge Hammer of capacity 1.5 MT that are capable of producing single piece forgings weighing up to 120 Kgs. On the other hand, the Ring Rolling facility at the Khalapur Plant is equipped with an Automated 3,500T Hydraulic Blanking Press & a Radial Axial Ring Rolling Mill producing a variety of forgings and is capable of forging Seamless rolled rings up to a diameter of 3,500 mm, a height of up to 750mm and a weight of up to 5MT
Get more information about the company @ https://paramountforge.com/
Paramount Speciality Forgings IPO Details |
|
| IPO opens on | 17 September 2024 |
| IPO closes on | 20 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5482000 Shares / Rs 32.34 Crore |
| * Fresh Issue | 4802000 Shares / Rs 28.33 Crore |
| * Offer for Sale – | 680000 shares / Rs. -4.01 crore |
| Market Maker Portion | – Shares |
| Net offer to Public | 5482000 Shares/ Rs.32.34 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.57-59 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2741000 | 16.17 |
| NII (15%) | 822300 | 4.85 |
| RII (35%) | 1918700 | 11.32 |
| Total Shares | 5482000 | 32.34 |
| Retail portion will be oversubscribed by | 959 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.118000 |
| Min HNI Application | 4000 Shares | Rs.236000 |
Who are the Promoters of Paramount Speciality Forgings IPO?
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
What are the Objects of Paramount Speciality Forgings IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
1. Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant;
2. General Corporate purposes
Tentative timetable |
|
| IPO opens on | 17 September 2024 |
| IPO Closes on | 19 September 2024 |
| IPO Allotment on | 23 September 2024 |
| Refund Initiation | 24 September 2024 |
| Credit of Shares | 24 September 2024 |
| Listing on | 25 September 2024 |
| Registered Office of the Company Paramount Speciality Forgings Limited 3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi Mazgaon, Mumbai – 400010 |
| Who is the Lead Manager of this IPO?
Swaraj shares and securities private limited |
| Who is the Registrar to IPO? Purva Share registry Limited |
Paramount Speciality Forgings IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Paramount Speciality Forgings IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 92.43 | 3.13 | – | – |
| 2022-23 | 30.11 | 0.77 | = | – |
| 2023-24 | 112.24 | 2.76 | 1.85 | 20.90 |
| Book Value of the Share on 31.03.2024 | Rs | – | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 59 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 31.83 |
| Price/BV Ratio | |
| Price/BV after IPO | |
How Paramount Speciality Forgings IPO compares with the Peers?
There are no listed companies in India that engage in a business similar to that of this Company. Accordingly, it is not possible to provide an industry comparison in relation to the Company.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
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Paramount Speciality Forgings IPO Review
The company is manufacturers of steel forgings in India offering a diverse range of forged products. It has developed our business and scale of operations since its founding in 1996 and have invested in a variety of machinery to boost and diversify its manufacturing capabilities.
Size: Net size of the IPO is Rs.32.34 crore, comprising of 5482000 shares. The size of the IPO is very large and so huge oversubscription is a bit difficult.
Financial Snapshot: The company has shown sharp rise in its bottomline in the year prior to the IPO. The shares are offered at PE multiple of 31.83, which is somewhat on higher side.
+ from fundamental angle: IPO is so-so
+ from grey market angle: ?
Quicklinks
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Paramount Speciality Forgings IPO FAQs
What is Paramount Speciality Forgings IPO?
This is a SME IPO of 5482000 equity shares of the face value of Rs. 10 aggregating up to Rs.32.34 Crores. The issue is priced at Rs.57-59 per share. The minimum order quantity is 2000 Shares.
When will Paramount Speciality Forgings IPO subscription open?
Paramount Speciality Forgings IPO opens on September 17, 2024, and closes on September 19, 2024.
What is the lot size of Paramount Speciality Forgings IPO?
Paramount Speciality Forgings IPO lot size is 2000 Shares, and the minimum amount required is Rs.118000
How to apply for Paramount Speciality Forgings IPO?
You can apply in Paramount Speciality Forgings IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Paramount Speciality Forgings IPO allotment?
The finalization of Basis of Allotment for Paramount Speciality Forgings IPO will be done on September 20, 2024, and the allotted shares will be credited to your demat account by September 23, 2024.
When is Paramount Speciality Forgings IPO listing date?
Paramount Speciality Forgings IPO listing date is September 24, 2024.
