Paramount Forge IPO Details: The Paramount Forge IPO is scheduled to open on September 17 and close on September 19. This NSE SME IPO aims to raise ₹32.34 crores. The price band for the IPO is set between ₹57 and ₹59 per share, with a minimum market lot of 2,000 shares.
Paramount Forge, established in 1996, specializes in the manufacturing of steel forgings in India. Over the years, the company has significantly expanded its operations and invested in advanced machinery to enhance its manufacturing capabilities. Today, Paramount Forge can produce forged components weighing from 1 kg to 4 metric tons, available in both rough and finish-machined conditions. Their products adhere to both National and International standards and serve a wide array of industrial applications, including sectors such as Petrochemicals, Chemicals, Fertilizers, Oil & Gas, Nuclear Power, and heavy engineering.
With a legacy spanning over three decades, Paramount Forge has built enduring relationships with customers in diverse industries. Their experience and commitment to quality have established them as a trusted partner in the Petrochemicals, Chemicals & Fertilizer, Oil & Gas, Nuclear Power, and Heavy Engineering sectors.
The company operates two manufacturing facilities in Maharashtra: one in Kamothe and another in Khalapur. Their Closed Die Forging Plant is equipped with two pneumatic air hammers (2T and 5T) and a Drop Forge Hammer with a capacity of 1.5 MT, capable of producing single-piece forgings up to 120 kg.
Paramount Forge IPO Objectives:
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant;
- General Corporate purposes
Paramount Forge IPO Review (Apply or Not)
- Update soon
Paramount Forge IPO Date & Price Band Details:
| IPO Open: | September 17, 2024 |
| IPO Close: | September 19, 2024 |
| IPO Size: | Approx ₹32.34 Crores, 5,482,000 Equity Shares |
| Fresh Issue: | Approx ₹28.33 Crores, 4,802,000 Equity Shares |
| Offer For Sale: | Approx ₹4.01 Crores, 680,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹57 to ₹59 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Paramount Forge IPO Lot Size:
The minimum market lot for the Paramount Forge IPO is 2,000 shares, with a total application amount of ₹118,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹118,000 |
| Retail Maximum | 1 | 2000 | ₹118,000 |
| S-HNI Minimum | 2 | 4000 | ₹236,000 |
Paramount Forge IPO Timeline:
The Paramount Forge IPO will open on September 17, 2024, and close on September 19, 2024. The allotment date is scheduled for September 20, 2024, with the potential listing on September 24, 2024.
| IPO Open Date: | September 17, 2024 |
| IPO Close Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| IPO Listing Date: | September 24, 2024 |
Paramount Forge IPO GMP Today:
GMP for Paramount Speciality Forgings SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Paramount Forge Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹51.94 | ₹52.49 | ₹0.27 |
| 2022 | ₹92.43 | ₹88.60 | ₹3.13 |
| 2023 | ₹112.24 | ₹108.66 | ₹2.76 |
| June 2023 | ₹30.12 | ₹28.61 | ₹0.77 |
Paramount Forge IPO Valuation – FY2023
Check Paramount Forge IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2,758.40 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 17.61% |
| Net Asset Value (NAV): | ₹1,566.14 per Equity Share |
Peer Group
- NA
Company Promoters
- Aliasgar Roshan Hararwala
- Mohammed Salim Hararwala
- Aliasgar Abdulla Bhagat
- Abdulla Aliasgar Bhagat
- Hoozefa Saleem Hararwala
- Abbasali Salim Hararwala
- Zahid Mohamadi Hararwala
- Roshan Alihusain Hararwala
Paramount Forge IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91 022 2301 8261
Email: support@purvashare.com
Website: https://www.purvashare.com/
Paramount Forge IPO Allotment Status
Check Paramount Forge IPO allotment status on Purva Sharegistry website URL. Click Here
Paramount Forge IPO Lead Managers aka Merchant Bankers
- Swaraj Shares & Securities Pvt. Ltd
Company Address
Paramount Speciality Forgings Limited
3, 1, Guru Himmat Building
Dr. Mascarenhas Road
Anjirwadi, Mazgaon, Mumbai – 400010
Maharashtra, India
Phone : + 91 +91-22-2373-2656
Email: compliance@paramountforge.org
Website: www.paramountforge.com
1. What are the key dates for the Paramount Forge IPO?
- IPO Opening Date: September 17, 2024
- IPO Closing Date: September 19, 2024
- Allotment Date: September 20, 2024
- Listing Date (Tentative): September 24, 2024
2. What is the price band for the Paramount Forge IPO?
The price band for the IPO is set between ₹57 and ₹59 per share.
3. What is the minimum investment amount for the IPO?
The minimum market lot is 2,000 shares, requiring an application amount of ₹118,000.
4. How can I apply for the Paramount Forge IPO?
Investors can apply for the IPO through their stockbroker or online platforms that support IPO applications. Ensure you have a demat account and a trading account to participate.
5. What is the objective of the Paramount Forge IPO?
The IPO aims to raise ₹32.34 crores to support the company’s growth and expansion plans.
6. What are the business operations of Paramount Forge?
Paramount Forge specializes in the manufacturing of steel forgings, producing components ranging from 1 kg to 4 metric tons. Their products adhere to both National and International standards and cater to industries such as Petrochemicals, Chemicals, Fertilizers, Oil & Gas, and Nuclear Power.
7. Where are Paramount Forge’s manufacturing facilities located?
The company operates two manufacturing facilities in Maharashtra—one in Kamothe and the other in Khalapur.
8. What is the company’s history?
Founded in 1996, Paramount Forge has over three decades of experience in the steel forging industry and has built long-standing relationships with customers in various sectors.
9. What is the expected listing date for the Paramount Forge IPO?
The IPO is expected to list on September 24, 2024, subject to change.
10. How can I check the allotment status of the IPO?
Allotment status can be checked through the registrar’s website or through your stockbroker’s online platform after the allotment date.
