Paramount Speciality Forgings Limited

Company Profile
Company Name Paramount Speciality Forgings Limited
Open Date 17-09-2024
Close Date 19-09-2024
Exchange NSE SME
Lot Size 2,000 Shares
Issue Price ₹57 to ₹59 per share
Issue Size 54,82,000 shares
Application Amount ₹ 1,18,000 (2,000 shares)
Recommendation Neutral
Paramount Speciality Forgings Limited was originally formed and incorporated on June 28, 1962. The registered office is located at Mumbai, Maharashtra, India. The Company is a manufacturers of steel forgings in India offering a diverse range of forged products. The products are manufactured in accordance with National and International standards and is used in a wide range of industrial applications catering to the extensive requirements of Petrochemicals, Chemicals, Fertilizers, Oil and Gas, Nuclear Power, and otherheavy engineering sectors.The company had 155 permanent employees as of August 31, 2024.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 8,758.25 11,035.77 11,275.65
EBITDA 332.98 574.48 1,323.55
Net Profit 313.44 275.84 725.36
RoCE 1.32% 18.64% 47.23%
ROE 15.91% 17.61% 31.65%
P/E 0.02 0.02 12.11

Tentative Timeline

Opening Date 17-09-2024
Closing Date 19-09-2024
Basis of Allotment 20-09-2024
Initiation of Refunds 23-09-2024
Credit of Shares to Demat 23-09-2024
Listing Date 24-09-2024

Objects of the Issue

Capital expenditure through the purchase of machinery and equipment required for expansion at the Khopoli Plant.
General Corporate Purposes

Contact Information

Registered Office Paramount Speciality Forgings Limited 3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi Mazgaon, Mumbai - 400010
Phone +91-22-23732656
Email compliance@paramountforge.org
Website https://paramountforge.com/

Registrar Details

Name Purva Sharegistry India Pvt Ltd
Phone +91-022-23018261/ 23016761
Email support@purvashare.com
Website https://www.purvashare.com/investor-service/ipo-query

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Offer
Retail Shares Offered Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered Not less than 15.00% of the Net Issue

Shareholding Pattern

Shareholding Pre Issue (Promoters) 100.00%
Shareholding Post Issue (Promoters) 72.15%

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