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Paramount Speciality Forgings IPO
Paramount Speciality Forgings Ltd
₹1,14,000 /2000 sharesMinimum Investment
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.
The company, group companies, and certain promoters and directors have several pending litigations against them. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
Paramount Specialty Forgings lacks long-term agreements with its customers. Any failure to retain these customers or a decrease in demand for the company’s products from them can negatively impact the company’s operations.
The company sources a major portion of its raw materials from a limited number of suppliers and does not have any long-term contracts with them. If any key suppliers face business issues, cease their relations, or reduce their supplies, it could adversely affect Paramount's business operations, cash flows, and financial health.
The company is heavily dependent on its plant and machinery for essential business functions. Any sudden malfunctioning or maintenance issue in the machinery can disrupt operations or reduce product quality, which can adversely affect the company’s reputation, operations, and finances.
The company’s manufacturing facilities are located in Maharashtra. Any adverse development concerning these units can disrupt the company’s operations.
The company generates nearly all its revenue from operations within India. The country contributed 77.19%, 76.61%, 78.37%, and 77.73% in the three months ending June 30, 2023, and fiscal years FY23, FY22, and FY21, respectively, to the revenue from operations. Any sudden economic or political fluctuations in India could adversely affect the company’s business operations.
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 Range |
|---|---|---|
| Regular | ₹57 - 59 | ₹2 - 5 Lakh |
| High Networth Individual | ₹57 - 59 | ₹2 - 5 Lakh |
For Paramount Speciality Forgings IPO, eligible investors can apply as Regular.