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Paramount Speciality Forgings IPO
Paramount Speciality Forgings Ltd
₹1,14,000 /2000 sharesMinimum Investment
Paramount Speciality Forgings IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹59.00 | ₹83.00 | ₹24.00 (40.68%) |
Paramount Speciality Forgings IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 17 Sep ‘24 - 20 Sep ‘24 | ₹1,14,000 | 2,000 | ₹57 - ₹59 |
| Issue Size | IPO Doc |
|---|---|
| 32.34Cr | RHP PDF |
Subscription rate
As of 20 Sep'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 68.18x |
About Paramount Speciality Forgings
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 as | Price band | Apply upto |
|---|---|---|
| Regular | ₹57 - 59 | ₹2 Lakh |
| High Networth Individual | ₹57 - 59 | ₹2 - 5 Lakh |
For Paramount Speciality Forgings IPO, eligible investors can apply as Regular.