Paramount Speciality Forgings Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Paramount Speciality Forgings Ltd IPO

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.

Paramount Speciality Forgings Ltd IPO Details

Total Shares Offered

₹ 54,82,000

Offer to Public

6,80,000

Retail Max (Shares)

₹ 18,24,000

Pre Issue Promoters Holding

₹ 1,48,80,000

Exchange

NSE

Issue size

₹ 32.34 Cr

IPO Open Date

Sep 17, 2024

Close Date

Sep 20, 2024

Lot Size

2000

Min Investment

₹ 1,14,000

Issue Type

Book Building - SME

Listing Date

Sep 25, 2024

Paramount Speciality Forgings Ltd IPO Dates

Sep 17, 2024

Opening date

Sep 20, 2024

Closing date

Sep 23, 2024

Basis of Allotment

Sep 24, 2024

Initiation of Refunds

Sep 24, 2024

Credit of Shares

Sep 25, 2024

Listing date

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*
QIB	0x	2600000
NII	0x	782000
Retail	0x	1824000
Employee	0x	0
Total	0x	5482000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2600000

782000

1824000

5482000

Paramount Speciality Forgings Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	7.30	11.71	6.20
EBITDA	8.73	15.86	8.81
PAT	4.47	5.40	2.76
Total Assets	100.88	69.41	60.09
Share Capital	19.68	14.88	0.01
Total Borrowings	36.26	32.34	25.87
Operating Activities (Net Cash)	5.90	9.55	5.37
Investing Activities (Net Cash)	-1.22	0.01	0.05
Financing Activities (Net Cash)	36.26	32.34	25.87
Net Cashflow	20.12	0.31	1.06

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.

Peer Comparison:

No Listed Industry Peers

Paramount Speciality Forgings Ltd 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.

How To Apply for Paramount Speciality Forgings Ltd IPO Online?

Step 1:

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Paramount Speciality Forgings Ltd IPO?

Paramount Speciality Forgings Ltd's IPO offers shares for up to 28.33 It begins on Sep 17, 2024 and ends on Sep 20, 2024.

What is the price of the Paramount Speciality Forgings Ltd IPO?

The price of Paramount Speciality Forgings Ltd IPO ranges between ₹57 to ₹59 per share.

What are the open and close dates for the Paramount Speciality Forgings Ltd IPO?

The Paramount Speciality Forgings Ltd IPO opens on Sep 17, 2024 and closes on Sep 20, 2024.

When will the Paramount Speciality Forgings Ltd IPO be allotted?

The allotment for the Paramount Speciality Forgings Ltd IPO will be finalised on Sep 23, 2024. The shares will be listed on BSE and NSE on Sep 25, 2024.

What is the minimum lot size required for Paramount Speciality Forgings Ltd IPO?

The minimum lot size for Paramount Speciality Forgings Ltd IPO is 2000 shares, priced between ₹57 to ₹59 per share.

What is the GMP of Paramount Speciality Forgings Ltd IPO?

The GMP (Grey Market Premium) of Paramount Speciality Forgings Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Paramount Speciality Forgings Ltd IPO?

To check the allotment status of Paramount Speciality Forgings Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Paramount Speciality Forgings Ltd IPO getting listed?

The Paramount Speciality Forgings Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 17, 2024, and closes on Sep 20, 2024. The allotment is finalised on Sep 23, 2024.

How do you apply for the Paramount Speciality Forgings Ltd IPO?

To apply for the Paramount Speciality Forgings Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.