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Open
17 Sep 2024
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Close
20 Sep 2024
3
Allotment
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Listing
Wed, Sep 25, 2024
Price Band
₹57 to ₹59
Issue Size
54,82,000 shares (agg. up to ₹32 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Sep 25, 2024
Latest GMP
₹17
Est. Gain
28.81%
✦ AI Insight
GMP Trend
25-09-2024₹17Est. ₹76+28.81%
24-09-2024₹17Est. ₹76+28.81%
23-09-2024₹10Est. ₹69+16.95%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 51.85x |
Restated Financials (₹ Cr.)
| 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 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Envirotech Systems Ltd. | SME | ₹30.24 Cr | ₹56 | 6.56 | ₹111.70 | +99.46% | ₹80.50 (-1.77%) |
| Shubhshree Biofuels Energy Ltd. | SME | ₹16.56 Cr | ₹119 | 13.89 | ₹198.45 | +66.76% | ₹341.00 (+0.00%) |
| Aeron Composite Ltd. | SME | ₹56.10 Cr | ₹125 | 23.69 | ₹157.50 | +26.00% | ₹81.70 (-1.27%) |
| Associated Coaters Ltd. | SME | ₹5.11 Cr | ₹121 | 20.72 | ₹134.90 | +11.49% | ₹92.00 (+0.00%) |
| Aimtron Electronics Ltd. | SME | ₹87.02 Cr | ₹161 | 27.13 | ₹253.05 | +57.17% | ₹1,383.75 (-0.41%) |
| Vilas Transcore Ltd. | SME | ₹95.26 Cr | ₹147 | 13.12 | ₹225.75 | +53.57% | ₹383.60 (+3.10%) |
| Storage Technologies & Automation Ltd. | SME | ₹29.95 Cr | ₹78 | 48.45 | ₹153.05 | +96.22% | ₹39.70 (+3.93%) |
| Creative Graphics Solutions India Ltd. | SME | ₹54.40 Cr | ₹85 | 17.59 | ₹176.25 | +107.35% | ₹133.05 (-2.42%) |
| Gabriel Pet Straps Ltd. | SME | ₹8.06 Cr | ₹101 | 35.94 | ₹120.75 | +19.55% | ₹108.30 (-5.00%) |
| Megatherm Induction Ltd. | SME | ₹53.91 Cr | ₹108 | 10.68 | ₹207.90 | +92.50% | ₹227.00 (+2.18%) |
| Siyaram Recycling Industries Ltd. | SME | ₹22.96 Cr | ₹46 | 8.3 | ₹57.75 | +25.54% | ₹41.32 (-0.41%) |
| Inox India Ltd. | Mainboard | ₹1,459.32 Cr | ₹660 | 39.22 | ₹939.95 | +42.42% | ₹1,994.40 (+1.76%) |
Objects of the Issue
| # | 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 |
About Paramount Speciality Forgings 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 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 qualit
Contact Details
Paramount Speciality Forgings Ltd. Address3, 1, Guru Himmat BuildingDr.Mascarenhas Road AnjirwadiMazgaonMumbai, Maharashtra, 400010+91-22-23732656compliance@paramountforge.orgVisit Website