Paramount Speciality Forgings Limited
Bookbuilding IPO · NSE
- Price band
- ₹57 - ₹59
- Lot size
- 2,000 shares
- Issue amount
- ₹32.34 cr
- Total subscription
- 73.96×
- Opens
- 17 Sept 2024
- Closes
- 20 Sept 2024
- Allotment
- 23 Sept 2024
- Listing
- 25 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 54,82,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹26.7 cr
- Offer for sale
- ₹4.01 cr
- Registrar
- Purva Sharegistry India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,18,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,48,80,000
- Shares after issue
- 1,96,82,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,18,000 |
| HNI | 2 | 4,000 | ₹2,36,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.14 | 128.1 |
| RETAIL | 10.76 | 445.03 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 4.68 | 0 | 0 |
| ROE | 0 | 0 | 0 |
| ROCE | 31.65 | 15.6 | 17.28 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 12.1 | 0 | 0 |
| POST IPO(PE) | 16.1 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Paramount Speciality Forgings Limited, established in 1994, is a leading Indian manufacturer of steel forgings, catering to industries like petrochemicals, oil and gas, nuclear power, and heavy engineering. The company offers a diverse range of forged products, including Tube Sheet Blanks, Forged Rings, Girth Flanges, Valve Bodies, and more. With two manufacturing facilities in Maharashtra (Kamothe and Khalapur), Paramount ensures high-quality standards that meet both national and international requirements. Its closed-die plant holds multiple certifications, including ISO 9001-2008 and ISO 14001-2004, and is accredited by top Oil & Gas companies and regulatory bodies.
Strengths
- Strong Customer Bonds: Paramount Speciality Forgings has built long-term relationships with clients across various industries, ensuring trust and steady business.
- State-of-the-Art Manufacturing: With two advanced plants in Maharashtra, the company produces high-quality forged products that meet global standards.
- Commitment to Quality: Paramount is ISO-certified and dedicated to delivering top-notch products, customized solutions, and excellent customer service.
Risk factors
- No Long-term Customer Contracts: Without long-term agreements, the company is exposed to changing customer preferences or in-house production, which could impact its business.
- Industry-Driven Demand: The company’s success depends on the growth of its customers' industries. If customer sales drop, demand for its products could decline, affecting revenue.
- Supplier Dependence: Relying on a few suppliers without long-term contracts is risky. Any disruptions in these relationships could impact the supply chain, operations, and financial stability.
Promoters
Aliasgar Roshan Hararwala
Aliasgar Abdulla Bhagat
Mohammed Salim Hararwala
Abdulla Aliasgar Bhagat
Hoozefa Saleem Hararwala
Abbasali Salim Hararwala
Zahid Mohamadi Hararwala
Roshan Alihusain Hararwala.
Registrar & documents
Lead manager
Swaraj Shares and Securities Private Limited
Registrar & contacts
Purva Sharegistry India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi Mazgaon, Mumbai - 400010
+91-22-23732656
[email protected]Company website ↗Understanding PSFL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.