Paramount Speciality Forgings Limited

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.