Paramount Speciality Forgings Limited
Paramount Speciality Forgings Limited(PSFL)
Total Shares
54,82,000
Issue Size
₹32.34 Cr
Price Band
₹57 – ₹59
Lot Size
2000 shares
Min. Investment
₹1,18,000
Max. Investment
₹1,18,000
Open Date
17 Sep, 2024
Close Date
20 Sep, 2024
Allotment
23 Sep, 2024
Listing
25 Sep, 2024
Max. Investment
₹1,18,000
Announced
17 Sep, 2024
Opening Date
17 Sep, 2024
Closing Date
20 Sep, 2024
Basis of Allotment
23 Sep, 2024
Initiation of Refunds
24 Sep, 2024
Credit of Shares
24 Sep, 2024
Listing Date
25 Sep, 2024
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About Paramount Speciality Forgings Limited IPO
Incorporated in 1994, Paramount Speciality Forgings Limited is a manufacturer of steel forgings in India, offering a diverse range of forged products.
The company's products are manufactured to meet national and international standards and are used in various industrial applications including petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering sectors.
The company has two manufacturing facilities one in Kamothe and the second one in Khalapu
Paramount Speciality Forgings Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 32.3% increase in shares
Paramount Speciality Forgings Limited IPO Financials Health
Paramount Speciality Forgings Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,18,000 |
| Retail Maximum | 1 | 2000 | ₹1,18,000 |
| HNI Minimum | 2 | 4000 | ₹2,36,000 |
(All values in CR)
Paramount Speciality Forgings Limited IPO Valuation
| Metric | Value |
|---|---|
| EPS Post IPO | 1.4 |
| EPS Pre IPO | 1.85 |
| P/E Post IPO | 42.1 |
| P/E Pre IPO | 31.83 |
(All values in CR)
Strength & Risk of Paramount Speciality Forgings Limited IPO
Paramount Speciality Forgings Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| HNI | 220.59 | 7,82,000 | 17,25,00,000 | 1 |
| Market Maker | 1.00 | 2,76,000 | 2,76,000 | 1.63 |
| QIB | 20.88 | 10,40,000 | 2,17,12,000 | 128.1 |
| Retail | 41.35 | 18,24,000 | 7,54,28,000 | 445.03 |
| Total | 73.96 | 36,46,000 | 26,96,40,000 | 1 |
Paramount Speciality Forgings Limited IPO GMP
Last updated 12 Sep, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 12 Sep, 2024 | 59 | ₹0 | -- | ₹59 (0.00%) | - | 12 Sep, 2024 |
| 13 Sep, 2024 | 59 | ₹0 | -- | ₹59 (0.00%) | - | 13 Sep, 2024 |
| 14 Sep, 2024 | 59 | ₹0 | -- | ₹59 (0.00%) | - | 14 Sep, 2024 |
| 15 Sep, 2024 | 59 | ₹0 | -- | ₹59 (0.00%) | - | 15 Sep, 2024 |
| 16 Sep, 2024 | 59 | ₹0 | -- | ₹59 (0.00%) | - | 16 Sep, 2024 |
| 17 Sep, 2024 | 59 | ₹0 | -- | ₹59 (0.00%) | - | 17 Sep, 2024 |
| 18 Sep, 2024 | 59 | ₹0 | -- | ₹59 (0.00%) | - | 18 Sep, 2024 |
| 19 Sep, 2024 | 59 | ₹0 | -- | ₹59 (0.00%) | - | 19 Sep, 2024 |
| 20 Sep, 2024 | 59 | ₹0▼ | -- | ₹59 (0.00%) | - | 20 Sep, 2024 |
| 21 Sep, 2024 | 59 | ₹10 | 15200 | ₹69 (16.95%) | - | 21 Sep, 2024 |
| 23 Sep, 2024 | 59 | ₹10 | 15200 | ₹69 (16.95%) | - | 23 Sep, 2024 |
| 24 Sep, 2024 | 59 | ₹10▼ | 15200 | ₹69 (16.95%) | - | 24 Sep, 2024 |
| 25 Sep, 2024 | 59 | ₹17 | 25800 | ₹76 (28.81%) | - | 25 Sep, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Paramount Speciality Forgings Limited IPO
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Go to IPO Section
Find Paramount Speciality Forgings Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
FAQs About Paramount Speciality Forgings Limited Ipo
Paramount Speciality Forgings Limited IPO will open on 17 Sep, 2024 and close on 19 Sep, 2024. Investors must apply within this period to participate.
The Paramount Speciality Forgings Limited IPO price band is set between ₹57.00 and ₹59.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹118000.00.
The Paramount Speciality Forgings Limited IPO shares are expected to be listed on 24 Sep, 2024, subject to regulatory approvals and final allotment.
You can track your Paramount Speciality Forgings Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Paramount Speciality Forgings Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.