Paramount Speciality Forgings Ltd IPO
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Paramount Speciality Forgings Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 54.82 L | ₹ 6.8 L | ₹ 18.24 L | ₹ 148.8 L | NSE | ₹ 32.34 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 17 Sep, 24 | 20 Sep, 24 | 2000 | ₹ 1,14,000 | Book Building - SME | 25 Sep, 24 |
Paramount Speciality Forgings Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Castings & Forgings |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 8.35x | 2600000 | 21712000 |
| NII | 220.59x | 782000 | 172500000 |
| Retail | 41.35x | 1824000 | 75428000 |
| Employee | 0x | 0 | 0 |
| Total | 49.19x | 5482000 | 269640000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Paramount Speciality Forgings Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 12.08 | 6.20 | 6.88 |
| EBITDA | 14.10 | 8.81 | 9.92 |
| PAT | 7.25 | 2.76 | 3.13 |
| Total Assets | 70.64 | 60.09 | 40.28 |
| Share Capital | 14.88 | 0.01 | 0.01 |
| Total Borrowings | 33.58 | 25.87 | 20.49 |
| Operating Activities (Net Cash) | 9.27 | 5.37 | 6.17 |
| Investing Activities (Net Cash) | 0.01 | 0.05 | -0.31 |
| Financing Activities (Net Cash) | 33.58 | 25.87 | 20.49 |
| Net Cashflow | 0.31 | 1.06 | 1.33 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Paramount Speciality Forgings Ltd
Paramount Speciality Forgings Limited was originally established as a partnership firm in the name and style of `Paramount Forge' under the Partnership Act, 1932 with the Registrar of Firms, Mumbai on November 01, 1994. Subsequently, the firm was converted from a Partnership Firm to a Limited Liability Partnership (LLP) and consequently the name of the firm was changed to `Paramount Speciality Forgings LLP', and a fresh certificate of incorporation dated June 27, 2019, was issued to its LLP by the RoC. The constitution of its LLP was further changed from LLP to a Public Limited Company and consequently the name of the LLP was changed to `Paramount Speciality Forgings Limited', and a fresh certificate of incorporation dated May 05, 2023, was issued to the Company by the Registrar of Companies, Mumbai at Maharashtra. The corporate identification number of the Company is U24109MH2023PLC402307.
The forging industry is a key link between critical manufacturing segments-metal suppliers (both ferrous and nonferrous) and end user industries. Over the years, the Indian forging industry has evolved from being a labourintensive industry to capital-intensive manufacturing sector. The forging industry of India provides direct employment to about 95,000 people. The small and very small units are mainly dependant on manual labour, however medium and large units are more mechanized. Current share of auto sector is about 58% of total forging production while the rest is with the non-auto sector. Changes in Indian automobile industry directly impact Indian forging industry, because the forging components form the backbone of the Indian automobile industry.
Paramount Speciality Forgings Limited is manufacturers of steel forgings in India with range of forged Products. Since inception in 1996, the company has expanded its business and scale of operations and has invested in an array of machinery to increase and diversify its production capabilities. Today, the company has the capacity to manufacture and supply forged components weighing from 1Kg up to 4 metric tons in rough or finish-machined condition.
Peer Comparison:
- No Listed Industry Peers
Paramount Speciality Forgings Ltd IPO Key Points
Strengths
- 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.
Risk
- The company does not have any long-term agreements with its customers. If the company customers choose not to source their requirements from it or manufacture such products in-house, its business and results of operations may be affected.
- Demand for its products is related to growth and trends of the company end user industry. A decline in sales of its customers may adversely affect the demand for the company products which in turn would adversely impact its business, financial condition, results of operations and prospects.
- The company obtain a substantial portion of its raw materials from a limited number of suppliers, and the company does not have long-term contracts with its suppliers. If one or more of its top suppliers were to suffer a deterioration of their business, cease doing business with it or substantially reduce their dealings with the company, its business, results of operations, cash flows and financial condition may be adversely affected.
Strategy
- Strengthen its customer base by growing existing customer business and acquiring new customers.
- Expand capacity at its existing manufacturing facilities.
- Expanding its geographic footprint.
- Quality Management.
- 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.
How To Apply for Paramount Speciality Forgings Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.