IPO > IPO details

< Back

Paramount Speciality Forgings Limited

SME

Issue Price

₹57- ₹59

per equity share

Issue Size

39.22 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

2000

equity share

Please note

Listing at NSE

Paramount Speciality Forgings Limited

Important Dates

IPO Open Date

17 Sep 2024

IPO Close Date

20 Sep 2024

Allotment Date

23 Sep 2024

Initiation of Refunds

24 Sep 2024

Credit of Shares to Demat Account

24 Sep 2024

IPO Listing Date

25 Sep 2024

UPI Mandate Expiry Date

20 Sep 2024

IPO Details

Paramount Speciality Forgings is open for subscription from Tuesday, September 17, 2024, and closes on Thursday, September 19, 2024. The price band for this IPO is set at Rs 57 – Rs 59 per share. Paramount Speciality Forgings IPO is offering a fresh issue of 48.02 lakh equity shares worth up to Rs 28.33 crore and an offer for sale of up to 6.80 lakh equity share amounting up to 4.01 crore. This sums up total aggregate size of 54.82 lakh equity shares up to Rs 32.34 crore. The allotment for this new IPO is expected to be finalised on Friday, September 20, 2024. The listing of this IPO will be done on Tuesday, September 24, 2024, at NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 118,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 236,000. The IPO is managed by Swaraj shares and securities private limited, which is the book-running lead manager of this public issue. The company has appointed Purva Sharegistry India Private Limited as the registrar for the issue.

Don't let another opportunity slip away. Check your IPO status now!

Check Allotment Status

About Paramount Speciality Forgings Limited

Paramount Speciality Forgings Limited was incorporated in 1994. It is a recognised manpower source and fabrication facility in India, offering critical forged components to various industries related to petrochemicals, oil and gas, fertilisers, and nuclear power. The company comprises two plants located at Kamothe and Khalapur, Maharashtra, through which it offers a wide array of forging products, including tube sheet blanks, forged rings, girth flanges, valve bodies, and many more. Their plants maintain ISO 9001-2008, ISO 14001-2004, and BS OHSAS 18001-2007 certifications. Renowned for quality and process efficiency, Paramount uses automated manufacturing systems to maximise productivity, cut costs, and improve product quality. Building on long-term customer relationships and strong digital marketing efforts, the company is one of the most qualified suppliers in this industry and is managed by a highly professional management team with years of experience.

Parent Organisation

-

Founded

1994

Managing Director

liasgar Roshan Hararwala, Aliasgar Abdulla Bhagat, Mohammed Salim Hararwala, Abdulla Aliasgar Bhagat

IPO Objectives

The company intends to use the Net Proceeds from the Fresh Issue to fund the following objectives: capital expenditure for the purchase of machinery and equipment needed for expansion at the Khopoli Plant, and to cover general corporate purposes.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
Close

Let's Open Free Demat Account