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Paramount Speciality Forgings IPO
Price Band
₹57.0–59.0
Issue Size
₹32.34 Cr
Lot Size
2,000 shares
Min Investment
₹118,000
GMP
+₹17.0 (28.81%)
Issue Price
₹59.0
Subject to Sauda
₹25800
Paid only if allotted
Paramount Speciality Forgings IPO AI Summary
- Paramount Speciality Forgings IPO is listed on NSE SME in the Other Industrial Products sector.
- Price band: ₹57.0–₹59.0 per share, lot size 2,000 shares (min. investment ₹118,000).
- Subscription window: 17 Sep–20 Sep 2024, listing on 25 Sep 2024.
- Current GMP is +₹17.0 (28.81%), an estimated listing price of ₹76 — unofficial and can change daily.
Paramount Speciality Forgings Limited is an established manufacturer in the steel forgings sector, with a focus on quality and customer relationships. The company is looking to expand its operations through this IPO, with a clear plan for utilizing the proceeds. Investors should consider their risk tolerance and the company's financial performance when evaluating this investment opportunity.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Paramount Speciality Forgings IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 20 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Paramount Speciality Forgings IPO Grey Market Premium (GMP) Today
GMP
+₹17.0
GMP %
+28.81%
Est. Listing
₹76.0
Updated: 25 Jul 2026 14:03
About the Company
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 Khalapur, Maharashtra. The company manufactures a range of forged products, which include Tube Sheet Blanks, Forged Rings, Spacers , Girth Flanges, Tyre Rings, Self-reinforced nozzles, Long weld neck flanges, Seat, Valve bodies, Bonnet etc. The Company's closed dye plant is certified under ISO 9001-2008, ISO 14001-2004, and BS OHSAS 18001-2007, and is accredited by reputed Oil & Gas companies, Statutory Bodies, and Inspection Agencies. Competitive strengths: Experienced management team: The management team of the company has industry experience and is accountable for growing operations and financial performance. Focus on Quality:The company is seeking to streamline processes, reduce waste, and improve product quality. To achieve this, we have: (i) Automated manufacturing processes to increase productivity and cut manpower costs. (ii) Designed machining lines to optimize processes and reduce manpower costs by combining multiple processes on a single machine. (iii) Reduced the input weights needed for forging products, resulting in reduced material costs. Long Term Customer Relationship:The company provides clients with expert services, which enhances customer retention and encourages repeat business. Effective branding and Digital Market activities: The company focuses on brand visibility through multiple marketing channels, including retail branding, web marketing, magazine advertising, outdoor advertising, and digital marketing.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 81.79 | 72.24 | 54.50 |
| Total Income | 113.64 | 112.24 | 92.43 |
| Profit After Tax | 7.25 | 2.76 | 3.13 |
| NET Worth | 22.91 | 15.66 | 19.70 |
| Reserves and Surplus | 8.03 | 15.65 | 19.69 |
| Total Borrowing | 24.93 | 20.28 | 11.77 |
Key Ratios
EPS
₹4.87
NAV
₹13.24
ROE
32%
ROCE
40%
RoNW
31.65%
P/E Ratio
12.1
Market Cap
₹116.12 Cr
PAT Margin
6.43%
Debt/Equity
1.09
Promoters
Aliasgar Roshan Hararwala, Aliasgar Abdulla Bhagat, Mohammed Salim Hararwala, Abdulla Aliasgar Bhagat, Hoozefa Saleem Hararwala, Abbasali Salim Hararwala, Zahid Mohamadi Hararwala and Roshan Alihusain Hararwala
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital expenditure through purchase of machinery and equipment required for expansion at the Khalapur Plant; 23.81 2 General Corporate purposes 0.72
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹92.43 Cr in the year ending 31 Mar 2022, rising to ₹112.24 Cr by 31 Mar 2023, and further increasing to ₹113.64 Cr by 31 Mar 2024.
Profit Trend
Profit After Tax was ₹3.13 Cr for the year ending 31 Mar 2022, increasing to ₹2.76 Cr by 31 Mar 2023, and then rising to ₹7.25 Cr by 31 Mar 2024. This shows a significant improvement in profitability in the most recent period.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite. Investors often look at GMP to gauge market sentiment towards an IPO before it lists on the stock exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's financial health, growth potential, and market conditions. It is essential to consider the company's fundamentals and industry position before making an investment decision.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with the inherent uncertainties of IPO investments may want to avoid this offering. It is important to assess one's risk tolerance and investment strategy before participating in an IPO.
IPO Timeline, Explained
The IPO opens for subscription on 17 Sep 2024 and closes on 20 Sep 2024. Allotment of shares is expected on 23 Sep 2024, with the listing date set for 25 Sep 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable, as they depend on market conditions and investor sentiment. While some IPOs may experience significant price increases on their first day of trading, others may not perform as well. Investors should be aware that past performance is not indicative of future results.
This evaluation is generated from Paramount Speciality Forgings's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Paramount Speciality Forgings IPO GMP today?
Paramount Speciality Forgings IPO GMP today is +₹17.0 (28.81%), indicating an estimated listing price of ₹76. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Paramount Speciality Forgings IPO?
The price band of Paramount Speciality Forgings IPO is ₹57.0–₹59.0 per share.
When does Paramount Speciality Forgings IPO open and close?
Paramount Speciality Forgings IPO opens on 17 September 2024 and closes on 20 September 2024.
When does Paramount Speciality Forgings IPO list on the stock exchange?
Paramount Speciality Forgings IPO listed on 25 September 2024 at ₹76.0.
What is the lot size for Paramount Speciality Forgings IPO?
The lot size for Paramount Speciality Forgings IPO is 2000 shares, requiring a minimum investment of ₹118,000.
What is the price band for the IPO?
The price band for the IPO is ₹57.0 to ₹59.0.
What is the minimum investment required?
The minimum investment required is ₹118,000 for a lot size of 2000 shares.
When does the IPO open and close?
The IPO opens on 17 Sep 2024 and closes on 20 Sep 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO in the grey market.
When is the listing date?
The listing date is scheduled for 25 Sep 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
17 Sep 2024
Close
20 Sep 2024
Allotment
23 Sep 2024
Listing
25 Sep 2024
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