The Paramount Forge IPO is set to open on September 17 and close on September 19. This NSE SME IPO aims to raise ₹32.34 crores, with a price band between ₹57 and ₹59 per share. The minimum market lot is 2,000 shares.
Established in 1996, Paramount Forge specializes in manufacturing steel forgings in India. Over the years, the company has expanded its operations and invested in advanced machinery to enhance its manufacturing capabilities. Paramount Forge can produce forged components ranging from 1 kg to 4 metric tons, available in both rough and finish-machined conditions. Their products comply with national and international standards, serving various industrial applications across sectors such as petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering.
With a legacy of over three decades, Paramount Forge has cultivated strong relationships with customers in diverse industries. Their commitment to quality and experience has positioned them as a trusted partner in the petrochemicals, chemicals and fertilizers, oil and gas, nuclear power, and heavy engineering sectors.
The company operates two manufacturing facilities in Maharashtra, located in Kamothe and Khalapur. Their Closed Die Forging Plant is equipped with two pneumatic air hammers (2T and 5T) and a drop forge hammer with a capacity of 1.5 MT, capable of producing single-piece forgings weighing up to 120 kg.
Paramount Forge IPO Objectives:
The company plans to use the net proceeds from the fresh issue for the following purposes:
Capital expenditure for purchasing machinery and equipment needed for expansion at the Khopoli Plant.
General corporate purposes.
Paramount Forge IPO Review (Apply or Not):
Update coming soon.
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Paramount Forge IPO Date & Price Band Details:
| IPO Open: | September 17, 2024 |
| IPO Close: | September 19, 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 |
Paramount Forge IPO Lot Size:
The minimum market lot for the Paramount Forge IPO is 2,000 shares, requiring a total application amount of ₹118,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹ 1,18,000 |
| Retail Maximum | 1 | 2000 | ₹ 1,18,000 |
| S-HNI Minimum | 2 | 4000 | ₹ 2,36,000 |
Paramount Forge IPO Timeline:
The Paramount Forge IPO will open on September 17, 2024, and close on September 19, 2024. The allotment date is set for September 20, 2024, with the listing anticipated on September 24, 2024.
| IPO Open Date: | September 17, 2024 |
| IPO Close Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| IPO Listing Date: | September 24, 2024 |
Paramount Forge IPO GMP Today:
The GMP for the Paramount Forge SME IPO has not yet been established. We will update the GMP information daily, so please check back soon for the latest updates.
Paramount Forge Company Financial Report:
Amount in Crore
| 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 |
| Jun-23 | ₹ 30.12 | ₹ 28.61 | ₹ 0.77 |
Paramount Forge IPO Valuation – FY2023
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): | ₹2,758.40 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 17.61% |
| Net Asset Value (NAV): | ₹1,566.14 per Equity Share |
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Peer Group:
N/A
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: support@purvashare.com
- Website: Purva Sharegistry
Paramount Forge IPO Allotment Status:
Check the Paramount Forge IPO allotment status on the Purva Sharegistry website.
Paramount Forge IPO Lead Managers (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: +91-22-2373-2656
- Email: compliance@paramountforge.org
- Website: Paramount Forge
Paramount Forge IPO FAQs
What is the Paramount Forge IPO?
The Paramount Forge IPO is an NSE SME IPO aiming to raise ₹32.34 crores. The issue price is set between ₹57 and ₹59 per equity share, and it will be listed on the NSE.
When will the Paramount Forge IPO open?
The IPO will open on September 17, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors.
What is the allocation for Paramount Forge IPO investors?
The allocation is 50% for QIBs, 15% for NIIs, and 35% for Retail Investors.
How to apply for the Paramount Forge IPO?
You can apply for the Paramount Forge IPO online via ASBA through your bank account. Additionally, you can apply via UPI through your stockbroker or by filling out an offline form with your stockbroker.
How to apply for the Paramount Forge IPO through Zerodha?
- Log in to the Zerodha Console on their website or app.
- Go to “Portfolio” and click on “IPO.”
- Find the IPO named “Paramount Forge” and click on the “Bid” button.
- Enter your UPI ID, quantity, and price, then submit the application.
- Approve the mandate through your UPI app, net banking, or BHIM app.
- Ensure you have a Demat account with Zerodha.
How to apply for the Paramount Forge IPO through Upstox?
- Log in to the Upstox app with your credentials.
- Select the IPO named “Paramount Forge.”
- Click on the “Bid” button and confirm your application.
- Approve the mandate through your UPI app, net banking, or BHIM app.
- Ensure you have a Demat account with Upstox.
How to apply for the Paramount Forge IPO through Paytm Money?
- Log in to the Paytm Money app with your credentials.
- Select the IPO named “Paramount Forge.”
- Click on the “Bid” button and confirm your application.
- Approve the mandate through your UPI app, net banking, or BHIM app.
- Ensure you have a Demat account with Paytm Money.
