Paramount Speciality Forgings SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Paramount Speciality Forgings IPO. Explore Paramount Speciality Forgings IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Paramount Speciality Forgings Limited is a manufacturer of steel forgings in India, offering a broad portfolio of forged products that cater to various industries. Established in 1996, the company has steadily expanded its production capabilities, providing forged components ranging from 1 kg to 4 metric tons, in both rough and finished conditions. Paramount's products adhere to national and international standards and serve key sectors such as petrochemicals, chemicals, fertilizers, oil and gas, nuclear power and other heavy engineering industries. With two state-of-the-art manufacturing facilities located in Kamothe and Khalapur, Maharashtra, the company is equipped with advanced machinery such as pneumatic air hammers, drop forge hammers, and radial axial ring rolling mills. Paramount specializes in producing seamless rolled rings and customized forgings in various grades of carbon, alloy, stainless steel, and nickel-based materials.
Key Points:
- Diverse Forging Capabilities: Paramount manufactures forged components ranging from 1 kg to 4 metric tons for various industrial applications.
- Industry Coverage: Serving petrochemical, chemical, fertilizer, oil and gas, nuclear power, and heavy engineering sectors with products adhering to international standards.
- Modern Manufacturing Facilities: Two facilities in Kamothe and Khalapur, equipped with advanced machinery, including pneumatic air hammers, drop forge hammers, and a radial axial ring rolling mill capable of forging rings up to 3,500 mm in diameter and 5 metric tons in weight.
- Extensive Product Range: Offers a wide variety of forged products, including flanges, valve components, gear rings, bearing races, turbine rings and custom forgings in carbon, alloy, stainless steel, and nickel alloys.
- Integrated Management System (IMS): The company has implemented IMS to improve environmental performance and operational efficiency, ensuring continual improvement.
Objects of the Issue
- Capital expenditure through purchase of machinery and equipment required for expansion at our Khalapur Plant
- General Corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 17 Sep - 19 Sep 2024 |
| IPO Price Band | ₹57 - ₹59 per share |
| Fresh Issue | 48,02,000 shares (₹28.33 crore) |
| Offer For Sale | 6,80,000 shares (₹4.01 crore) |
| Total IPO Size | Approx ₹32.34 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 17 Sep 2024 |
| IPO Closing Date | 19 Sep 2024 |
| Basis Of Allotment | 20 Sep 2024 |
| Refunds | 23 Sep 2024 |
| Demat Transfer | 23 Sep 2024 |
| IPO Listing Date | 24 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 51.94 | 92.43 | 112.24 | 113.64 |
| Total Expenses | 45.66 | 88.60 | 108.66 | 103.58 |
| Net Profit/Loss | -0.27 | 3.13 | 2.76 | 7.25 |
| NPM (*) | -0.53 | 3.58 | 2.50 | 6.43 |
| Total Assets | 48.81 | 54.50 | 72.24 | 81.79 |
| Total Liabilities | 32.24 | 34.80 | 56.58 | 58.88 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | -273.57 | 3,134.37 | 2,758.40 | 4.87 |
| ROE (%) | -1 | 17 | 16 | 32 |
| ROCE (%) | 8 | 24 | 30 | 40 |
| RoNW (%) | -1.65 | 17.28 | 15.60 | 31.65 |
| D/E Ratio | 0.75 | 0.60 | 1.29 | 1.09 |
| Current Ratio | 1.10 | 1.22 | 1.07 | 1.20 |
| EBITDA MARGIN (%) | 11.56 | 9.34 | 6.91 | 12.52 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 20.88 |
| Non-Institutional Investor (NII/HNI) | 220.24 |
| Retail Individual Investor (RII) | 41.35 |
| Total | 73.88 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Purva Sharegistry (India) Private Limited
Phone: +91 022 4961 4132/3190 8810
Email: newissue@purvashare.com
Website: www.purvashare.com
Company Promoters
- MR. ALIASGAR ROSHAN HARARWALA
- MR. ALIASGAR ABDULLA BHAGAT
- MR. MOHAMMED SALIM HARARWALA
- MR. ABDULLA ALIASGAR BHAGAT
- MR. HOOZEFA SALEEM HARARWALA
- MR. ABBASALI SALIM HARARWALA
- MR. ZAHID MOHAMADI HARARWALA
- MR. ROSHAN ALIHUSAIN HARARWALA.
Lead Managers
- SWARAJ SHARES AND SECURITIES PRIVATE LIMITED
Company Address
Paramount Speciality Forgings Limited
3, 1, Guru Himmat Building, Dr. Mascarenhas Road Anjirwadi, Mazgaon, Mumbai - 400010, Maharashtra, India
Phone: 91-22-2373 2656
Email: compliance@paramountforge.org
Website: www.paramountforge.com
FAQs
- What is the issue size of the Paramount Speciality Forgings SME IPO?The Paramount Speciality Forgings SME IPO has an issue size of Approx ₹32.34 crore. This includes a fresh issue of 48,02,000 shares (₹28.33 crore) and an offer for sale (OFS) of 6,80,000 shares (₹4.01 crore).
- What is the price band of the Paramount Speciality Forgings IPO?The price band for the Paramount Speciality Forgings IPO is ₹57 - ₹59 per share.
- What are the bidding dates for the Paramount Speciality Forgings IPO?The Paramount Speciality Forgings IPO will open for bidding on 17 Sep 2024 and close on 19 Sep 2024.
- What is the allotment date for the Paramount Speciality Forgings IPO?The allotment date for the Paramount Speciality Forgings IPO is 20 Sep 2024.
- What is the listing date for the Paramount Speciality Forgings IPO?The listing date for the Paramount Speciality Forgings IPO is 24 Sep 2024.
- What is the Paramount Speciality Forgings IPO grey market premium?The grey market premium (GMP) for the Paramount Speciality Forgings IPO is currently at ₹17, with an expected listing gain of approximately 28.81%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.