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Paramount Speciality Forgings IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Steel sector. Swaraj Shares And Securities Private is the merchant banker of Paramount Speciality Forgings IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 20th December 2023.
Paramount Speciality Forgings IPO open date is 17th September 2024 and close date is 20th September 2024. IPO Allotment Date is 23rd September 2024 and Listing date is 25th September 2024.Paramount Speciality Forgings IPO size is Rs 32.34 Cr. crores with IPO price of Rs 59.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Swaraj Shares and Securities Private Limited is the book-running lead manager of the Paramount Speciality Forgings IPO. Purva Sharegistry India Private Limited is the Registrar and Market Maker is Shreni Shares Limited for Paramount Speciality Forgings IPO.
Paramount Speciality Forgings IPO anchor investors are the below investors. The number of anchor investors in this IPO is 5.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Smart Horizon Opportunity | 244,000.00 | ₹59.00 | ₹14,396,000.00 |
| Vikasa India EIF | 340,000.00 | ₹59.00 | ₹20,060,000.00 |
| India Equity Fund | 466,000.00 | ₹59.00 | ₹27,494,000.00 |
| Swyom India Alpha | 170,000.00 | ₹59.00 | ₹10,030,000.00 |
| Invicta Continuum Fund | 340,000.00 | ₹59.00 | ₹20,060,000.00 |
Paramount Speciality Forgings IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Paramount Speciality Forgings IPO, based in Mumbai, operates in the Steel sector with a focus on manufacturer of steel forgings. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Paramount Speciality Forgings IPO size is ₹ 32.34 Cr. Crores with fresh issue size of Rs 32.34 Cr. Crores and Offer for sale being 32.34..
The IPO allotment date for Paramount Speciality Forgings IPO is expected to be 23rd September 2024, after the finalization of basis of allotment. Investors can check Paramount Speciality Forgings IPO allotment status on the registrars website, Purva Sharegistry India Private Limited. Paramount Speciality Forgings IPO refund dates are 24th September 2024.
Paramount Speciality Forgings IPO is expected to be listed on 25th September 2024.
The upper price band for the Paramount Speciality Forgings IPO is set at ₹ 59.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Paramount Speciality Forgings IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Paramount Speciality Forgings IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 20th September 2024. After submission, funds are blocked until the basis of allotment of Paramount Speciality Forgings IPO is finalised.
The merchant banker for Paramount Speciality Forgings IPO is Swaraj Shares and Securities Private Limited . Swaraj Shares and Securities Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Paramount Speciality Forgings IPO RHP for further details.
The registrar for Paramount Speciality Forgings IPO is Purva Sharegistry India Private Limited. Investors can go to Purva Sharegistry India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Paramount Speciality Forgings IPO through their official website or helpline.
Paramount Speciality Forgings IPO was subscribed 73.88 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 32.34 Cr.
Avg IPO Size (Sector Based)
:
₹ 32.34 Cr.
Sector: Steel
SME IPO so far:
26
Merchant Banker:
Swaraj Shares
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 1.14 cr.
PE
Ratio:
16.01x
Average Sector PE Ratio: 16.09x
Paramount Speciality Forgings IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Paramount Speciality Forgings Financial Review Page
Merchant Banker(s) of Paramount Speciality Forgings IPO: Swaraj Shares and Securities Private Limited
Paramount Speciality Forgings IPO subscription was 73.88 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Paramount Speciality Forgings IPO listed at a listing price of 87.15 against the offer price of 59.00.
The current market price of Paramount Speciality Forgings is 51.60.
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