Paramount Speciality Forgings SME IPO Details, Financials, Valuation & Peers

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.