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Paramount Speciality Forgings Ltd. IPO
Paramount Speciality Forgings Ltd., established in 2023, operates in the Forgings sector. The company's IPO opened on September 17, 2024 and closed on September 19, 2024, with an issue price of ₹59. ... Read more
IPO Timeline
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17 Sep 2024Bidding Starts
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19 Sep 2024Bidding Ends
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20 Sep 2024Allotment Finalization
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24 Sep 2024Listing
About Paramount Speciality Forgings Ltd.
We are manufacturers of steel forgings in India with range of forged Products. Since inception in 1996, we have expanded our business and scale of operations and have invested in an array of machinery to increase and diversify our production capabilities. Today, we have the capacity to ... Read more
Paramount Speciality Forgings Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 15,60,000 (28.46%) |
| Market Makers | 2,76,000 (5.03%) |
| Non Institutional Investors | 7,82,000 (14.26%) |
| Qualified Institutional Buyers (QIBs) | 10,40,000 (18.97%) |
| Retail Individual Investors (RIIs) | 18,24,000 (33.27%) |
Paramount Speciality Forgings Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 113.64 Cr | 7.25 Cr | 8.03 Cr |
| 31 Mar 2023 | 112.24 Cr | 2.76 Cr | 15.65 Cr |
| 31 Mar 2022 | 92.43 Cr | 3.13 Cr | 19.69 Cr |
Paramount Speciality Forgings Ltd. Background
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1994Formation of Partnership Firm with the intent to enter into the manufacturing of forged flanges & fittings. Obtained registrations from the Oil & Gas companies and directly cater to the requirements of the End users.
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1996Establishment of Closed Die Manufacturing Plant at Kamothe
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2005All machining and drilling activities required to provide final dimensions for the product were completed using manual Lathe & Drill equipment. As a result, productivity and accuracy in fulfilling completed product dimensions may be low, resulting in delays and unnecessary losses. In view of improving these a variety of CNC and VMC machines were purchased and installed in a new facility to improve product quality, output, and accuracy in the finished product.
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2010Set up of Ultra-Modern Ring Rolling plant in Khalapur
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2014In the initial phase as the plant was newly set up the processes of machining & drilling was outsourced to various vendors which increased the costs and lead times. Hence an integrated machine shop was set up to counter the productivity, lead times and dependency.
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2019Conversion of Partnership Firm into LLP
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2020Set up of Fully Automated Heat Treatment Plant.
To achieve necessary Mechanical & metallographic properties it was decided to set up a Heat Treatment plant that is equipped with automated facility having a sophisticated advanced systems that use both water and polymer quenching for flexibility and allowing all kind of heat treatments such as Normalizing, Quenching & Tempering, Hardening, Solution Annealing, Annealing, Stress
relieving and Spherodize Annealing processes which give the forgings the required mechanical and microstructural features.
A 4 meter Vertical Lathe, 2.2 M Vertical machining centre & Multi Axis Machining machines were sourced and set up to boost productivity, efficiency and produce accurate jobs at the plant as a part of continual Technological upgradation.
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2023Incorporation of Paramount Speciality Forgings Limited
1. Funding capital expenditure requirements
2. General corporate expenses
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | - | ₹ 59.00 |
| Open | - | ₹ 83.00 |
| Low | - | ₹ 83.00 |
| High | - | ₹ 87.15 |
| Last Trade | - | ₹ 87.15 |
1. Aliasgar Roshan Hararwala
2. Aliasgar Abdulla Bhagat
3. Mohammed Salim Hararwala
4. Abdulla Aliasgar Bhagat
5. Hoozefa Saleem Hararwala
6. Abbasali Salim Hararwala
7. Zahid Mohamadi Hararwala
8. Roshan Alihusain Hararwala
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 labour-intensive industry to capital-intensive manufacturing sector. The forging ... Read more
Phone no:23732656
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2. General corporate expenses
Latest Updates
Paramount Speciality Forgings recently launched an initial public offering (IPO) to raise a total of Rs 32.34 crores. The IPO consisted of both new shares issued by the company and existing shares offered for sale by current shareholders.
The price band was set between Rs. 57/- and Rs. 59/- per share. The minimum investment for retail investors was Rs.118,000/-, while high net-worth individuals (HNIs) were required to invest a minimum of Rs. 236,000/-. The IPO offered a total of 39,22,000 shares, out of which Qualified Institutional Buyers (QIBs) received 26.52% of the shares, totaling 10,40,000 shares. Non-Institutional Investors (NIIs) were allocated 19.94% of the shares, or 7,82,000 shares. Retail Individual Investors (RIIs) received the largest portion, with 46.51% of the shares, amounting to 18,24,000 shares.
Paramount Speciality Forgings IPO was a huge success, drawing overwhelming demand from investors. The offer was oversubscribed by nearly 69 times on the final day of subscription, with bids totaling nearly 27 crores. The subscription period ran from September 17th to September 20th, 2024 while the allotment results will be announced on September 23rd, and the shares are scheduled to list on September 25th. on the NSE SME platform.
The Company was established in 1994, is a leading Indian manufacturer of high-quality steel forgings.
Our diverse product range caters to a wide array of industries, including petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering.
21 September 2024
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