Paramount Speciality Forgings IPO

Paramount Speciality Forgings Ltd

₹1,14,000 /2000 sharesMinimum Investment

Paramount Speciality Forgings IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹59.00₹83.00₹24.00 (40.68%)

Paramount Speciality Forgings IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
17 Sep ‘24 - 20 Sep ‘24₹1,14,0002,000₹57 - ₹59
Issue SizeIPO Doc
32.34Cr
RHP PDF

Subscription rate

As of 20 Sep'24, 05:00 PM
Qualified Institutional Buyers0x
Non-Institutional Investor0x
Retail Individual Investor0x
Total68.1774604793473x

About Paramount Speciality Forgings

Paramount Specialty Forgings is a manufacturer of steel forgings, offering a wide range of forged products. The company’s product lineup includes tube sheet blanks, forged rings, spacers, girth flanges, tyre rings, self-reinforced nozzles, long weld neck flanges, seats, valve bodies, and bonnets. These products are used in industrial sectors such as petrochemicals, chemicals, fertilisers, oil & gas, nuclear power, and other heavy engineering industries. The company has two manufacturing units located in Kamothe and Khalapur, Maharashtra.;
Founded in
1994
Managing director
Mr. Aliasgar Roshan Hararwal
Parent organisation
Paramount Speciality Forgings Ltd

Strengths & Financials of Paramount Speciality Forgings

Strengths
Risks
Paramount Specialty Forgings claims to have developed and maintained an integrated management system (IMS), which covers all necessary processes and interactions.
The company's closed die forging plant has two pneumatic air hammers (2T and 5T) and a 1.5 MT drop forge hammer, enabling the production of single-piece forgings of up to 120 kilograms.
At the Khalapur Plant, the ring rolling facility has an automated 3,500 T hydraulic blanking press and a radial-axial ring rolling mill. This facility can produce different types of forgings, including seamless rolled rings with a diameter of up to 3,500 mm, a height of up to 750 mm, and a weight of up to five metric tonnes.
The company’s plants are ISO 9001-2008 certified for quality management systems, ISO 14001-2004 certified for environmental management systems, and BS OHSAS 18001-2007 certified for occupational health and safety systems.
The company’s closed die manufacturing and ring rolling facilities are capable of producing a diverse product range, including flanges, non-standard forgings, valve components, gear rings & blanks, bearing races, slew rings, turbine rings, and other customised forgings. These products are available in all grades of carbon, alloy, stainless, duplex, super duplex, and other nickel alloy-based materials.
The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 51.63 crore in FY21 to Rs 87.58 crore in FY22 to Rs 110.36 crore in FY23.

Paramount Speciality Forgings Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Paramount Speciality Forgings IPO

Apply asPrice bandApply upto
Regular57 - 59₹2 Lakh
High Networth Individual57 - 59₹2 - 5 Lakh
For Paramount Speciality Forgings IPO, eligible investors can apply as Regular.
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