Paramount Speciality Forgings IPO Date, Price, GMP – The date of the Paramount Forge IPO is set for September 17, 2024. Using an IPO, Paramount Forge, a SME, hopes to raise ₹32.34 crores. With a market lot of 2000 shares, the price range for the Paramount Forge IPO is set at ₹57 to ₹59. The “initial public offering” of this new SME will begin on September 17, 2024, and run through September 20, 2024.
It is an Indian manufacturer of steel forgings that offers a broad range of forged products. The company’s products are used in many different industrial sectors, including heavy engineering, petrochemical, chemical, fertilizer, oil and gas, and nuclear power. They are produced in compliance with both international and national regulations.
Paramount Speciality Forgings IPO Details
| IPO Open Date | September 17, 2024 |
| IPO Close Date | September 20, 2024 |
| Listing Date | Wednesday, September 25, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,482,000 shares
(aggregating up to ₹32.34 Cr) |
| Fresh Issue | 4,802,000 shares
(aggregating up to ₹28.33 Cr) |
| Offer for Sale | 680,000 shares of ₹10 (aggregating up to ₹4.01 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Paramount Speciality Forgings Financials
From March 31, 2024, to March 31, 2023, Paramount Speciality Forgings Limited’s profit after tax (PAT) increased by 163% while its revenue increased by 1%.
| FY 2024 | |
| Assets | 8,179.18 |
| Revenue | 11,363.62 |
| Profit After Tax | 725.36 |
| Net Worth | 2,291.49 |
| ROE | 32% |
| ROCE | 40% |
| Debt/Equity | 1.09 |
| RoNW | 31.65% |
| PAT Margin (%) | 6.43 |
About the Company – Paramount Speciality Forgings
Incorporated in 1994, Paramount Speciality Forgings Limited produces steel forgings in India for the petrochemical, chemical, fertilizer, oil and gas, nuclear power, and heavy engineering industries. The company makes products such tube sheet blanks, forged rings, girth flanges, and valve bodies at its two locations in Kamothe and Khalapur, Maharashtra. Their closed-die forging plant has been certified under ISO 9001-2008, ISO 14001-2004, and BS OHSAS 18001-2007 for its manufacturing procedures. They have facilities accredited by reputable oil and gas corporations as well as other regulatory organizations, and their product line also includes spacers, tire rings, and other related things.
