Paramount Forge is a manufacturers of steel forgings in India offering a diverse range of forged products. They have developed their business and scale of operations since its founding in 1996 and have invested in a variety of machinery to boost and diversify their manufacturing capabilities. They can now manufacture and provide forged components ranging in weight from 1 kg to 4 metric tons in rough or finish-machined condition. Their products are manufactured by National & International standards and are used in a wide range of industrial applications catering to the extensive requirements of Petrochemicals, Chemicals, Fertilizers, Oil & Gas, Nuclear Power, and other heavy engineering sectors.
They benefit from their experience in catering to a wide range of customers due to their legacy of over three decades in the manufacturing businesses and have built long-standing relationships with customers across end-users in the Petrochemicals, Chemicals & Fertilizer, Oil & Gas, Nuclear, Power & other Heavy Engineering Industries.
They own and operate two manufacturing facilities, one in Kamothe and one in Khalapur, Maharashtra. The Closed Die Forging Plant shop is equipped with two pneumatic air hammers 2T and 5T and a Drop Forge Hammer of capacity 1.5 MT that are capable of producing single-piece forgings weighing up to 120 Kgs.
Objects of the Issue:
- Capital expenditure through purchase of machinery and equipment required for expansion at our Khopoli Plant;
- General Corporate Purposes.
Paramount Forge IPO Review
- To be updated soon
Paramount Forge (Paramount Speciality Forgings) IPO Date & Price Band Details
| IPO Open: | September 17, 2024 |
| IPO Close: | September 20, 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 Market Lot
The Paramount Forge IPO minimum market lot is 2000 shares with a ₹118,000 application amount.
| 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 (Paramount Speciality Forgings) IPO Dates
The Paramount Forge IPO date is September 17, 2024 and the IPO close date is September 20, 2024. The IPO allotment date is September 23, 2024 and the IPO might list on September 25, 2024.
| IPO Open Date: | September 17, 2024 |
| IPO Close Date: | September 20, 2024 |
| Basis of Allotment: | September 23, 2024 |
| Refunds: | September 24, 2024 |
| Credit to Demat Account: | September 24, 2024 |
| IPO Listing Date: | September 25, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Paramount Forge IPO Form
How to apply Paramount Forge IPO? You can apply Paramount Forge IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Paramount Forge IPO in the Invest section. The other option you can apply Paramount Forge IPO via IPO forms download via the NSE website. Check out the Paramount Forge forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
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 |
| 2024 | ₹113.64 | ₹103.58 | ₹7.25 |
Paramount Forge IPO Valuation – FY2024
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): | ₹4.87 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 31.65% |
| Net Asset Value (NAV): | ₹13.24 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: [email protected]
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: [email protected]
Website: www.paramountforge.com
