Paramount Speciality Forgings Ltd. was incorporated on November 01, 1994. The company manufactures steel forgings in India, offering a wide range of products. These products meet national and international standards and serve industries including petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering.
| Bidding Dates |
|---|
| 17 Sep 2024 - 20 Sep 2024 |
| Subscription |
|---|
| 68.71x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 2000 | 5.5 M | ₹57 - ₹59 | 72.15 % | ₹312.5 M - ₹323.4 M | RHP DOC |
Paramount Speciality Forgings Ltd. IPO SUBSCRIPTION STATUS
20 Sep '24Paramount Speciality Forgings Ltd. IPO overall subscription rate was 68.71 times the total available shares
Paramount Speciality Forgings Ltd. IPO retail subscription rate was 54.87 times in the retail segment
Paramount Speciality Forgings Ltd. IPO non-institutional investor subscription rate was 293.17 times in the non-institutional investor category
Paramount Speciality Forgings Ltd. IPO Qualified Institutional Bidder subscription rate was 11.07 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
20 Sep 2024 (Day 4) | 54.87x | 293.17x | 11.07x |
19 Sep 2024 (Day 3) | 13.81x | 5.71x | 0.78x |
18 Sep 2024 (Day 2) | 8.92x | 3.13x | 0.6x |
17 Sep 2024 (Day 1) | 3.65x | 1.45x | 0.6x |
Paramount Speciality Forgings Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 72.5 | 1,127.6 | -25.2 | -28.7 | 12.5% |
| FY23 | 27.6 | 1,103.6 | -4.1 | -14.9 | 6.9% |
| FY22 | 31.3 | 875.8 | 40.1 | 65.4 | 9.3% |
Paramount Speciality Forgings Ltd. IPO SUBSCRIPTION STATUS DETAILS
Paramount Speciality Forgings Ltd. had 5.5 M shares on offer
Paramount Speciality Forgings Ltd. IPO offer price was in the range ₹57 - ₹59
Paramount Speciality Forgings Ltd. IPO minimum Investment was ₹114000
Paramount Speciality Forgings Ltd. IPO issue size was ₹ 312.5 M - ₹ 323.4 M
Paramount Speciality Forgings Ltd. had a minimum lot size of 2000 Shares per application
Paramount Speciality Forgings Ltd. NUMBER OF SHARES ON OFFER
Paramount Speciality Forgings Ltd. IPO IMPORTANT DATES
| Issue Open Date | 17 Sep 2024 |
| Issue close Date | 20 Sep 2024 |
| Allotment Date | 23 Sep 2024 |
| Refund Date | 24 Sep 2024 |
| Demat Account Credit Date | 23 Sep 2024 |
| Listing Date | 25 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Paramount Speciality Forgings Ltd. Allotment Status | Exchange |
Paramount Speciality Forgings Ltd. IPO subscription opened on 17 Sep 2024, and closed on 20 Sep 2024
IPO allotment for Paramount Speciality Forgings Ltd. was finalized on Monday, 23 Sep 2024
IPO listing for Paramount Speciality Forgings Ltd. was on NSE on Wednesday, 25 Sep 2024
Paramount Speciality Forgings Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 59.0 |
| Listing Open Price | 83.0 |
| Listing Close Price | 87.2 |
| Listing Gain% | 40.7% |
| Current Gain% | -46.7% |
Paramount Speciality Forgings Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paramount Speciality Forgings Ltd. | 31.4 | 61.9 | 14.5 | -3.1 | 0.5 | 7.6 | 3.3 | 121.8 | 9.8 | 4.3 | -4.7 | 2.2 | -4.7 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Paramount Speciality Forgings Ltd. INFORMATION ON IPO ISSUE
About Paramount Speciality Forgings Ltd.
Paramount Speciality Forgings Ltd. was incorporated on November 01, 1994. The company manufactures steel forgings in India, offering a wide range of products. These products meet national and international standards and serve industries including petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering.
Object of the Issue
- Capital expenditure through the purchase of machinery and equipment required for expansion at the Khalapur plant
- General corporate purposes
Paramount Speciality Forgings Ltd. - PROMOTERS
| Name |
|---|
| 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 Speciality Forgings Ltd. Lead Manager of the Issue
Swaraj Shares and Securities Private Limited
compliance@swarajshares.com
Paramount Speciality Forgings Ltd. Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
Paramount Speciality Forgings Ltd. Strengths
Customer relationship
The company provides services with a customer-goal-based approach, focusing on delivering higher efficiency and accuracy to meet performance indicators. This strategy has helped customers achieve their objectives, leading to strong customer retention and relationship development.
Experienced management team
The company is led by its promoters, who established the business in 1996 and bring extensive industry experience. This expertise enables the senior management to guide the long-term strategic direction of the business.
Paramount Speciality Forgings Ltd. Risks
Geographically concentrated
The company operates through two manufacturing facilities, located in Kamothe and Khalapur. Since both facilities are in the same geographical area, any local or regional disruptions in the manufacturing process could negatively impact the business, financial condition, and operational results.
Dependent on machinery
The company relies on its plant and machinery for critical business functions. Failure to properly maintain them or any negative findings during product inspections could lead to service disruptions or reduced quality, potentially affecting business operations and financial performance.
IPO FAQs
This IPO consists of an offer for sale of up to Rs 4.0 crore, of 680,000 shares. It also consists of a fresh issue of Rs 28.3 crore.
The promoters of the company are Aliasgar Roshan Hararwala, Mohammed Salim Hararwala, Aliasgar Abdulla Bhagat, Abdulla Aliasgar Bhagat, Hoozefa Saleem Hararwala, Abbasali Salim Hararwala, Zahid Mohamadi Hararwala and Roshan Alihusain Hararwala.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 57.0 - 59.0.
The IPO application opens on Sep 17, 2024 and closes on Sep 20, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 118,000.0.
This IPO will be allotted on Sep 23, 2024.
The refund will be credited to your account on Sep 24, 2024.
The allotted shares will be credited to your demat on Sep 23, 2024.
Paramount Speciality Forgings Ltd.’s shares listed on the stock exchanges on Sep 25, 2024.