Last updated on December 19th, 2024 at 09:38 pm
Paramount Speciality Forgings Limited (PSFL) is set to launch an SME IPO from September 17 to September 19, 2024. The offering is priced between Rs. 57 and Rs. 59 per share, with a total of 39,22,000 shares available for subscription.
About Paramount Speciality Forgings Limited
Paramount Speciality Forgings Limited, established in 1994, is a prominent name in the forging industry, specializing in the manufacturing of forged components. The company offers a wide range of forged products for various industries, including automotive, aerospace, and construction. With state-of-the-art technology, Paramount has built a reputation for high-quality manufacturing and customer satisfaction.
IPO Details
- IPO Start Date: 17th September 2024
- IPO End Date: 19th September 2024
- Issue Price: ₹57 – ₹59 per share
- Face Value: ₹10 per equity share
- Lot Size: 2000 Shares
- Total Issue Size: Fresh Issue of 48,02,000 equity shares and Offer for Sale of 6,80,000 equity shares
- Maximum Subscription for Retail Investor: ₹2,00,000
- Status: 100% Book Building
GMP Price (Grey Market Premium)
The GMP (Grey Market Premium) is an indicator of market sentiment toward the IPO. The current GMP for Paramount Speciality Forgings Limited IPO will be tracked and updated closer to the listing date.
Promoters
| Promoter Name | Stake |
|---|---|
| Aliasgar Roshan Hararwala | Promoter |
| Aliasgar Abdulla Bhagat | Promoter |
| Mohammed Salim Hararwala | Promoter |
| Abdulla Aliasgar Bhagat | Promoter |
| Hoozefa Saleem Hararwala | Promoter |
| Abbasali Salim Hararwala | Promoter |
| Zahid Mohamadi Hararwala | Promoter |
| Roshan Alihusain Hararwala | Promoter |
Financial Summary
Here is the financial summary based on the restated financial statements:
- Revenue from Operations: The company reported revenue of ₹11,275.65 lakhs for the year ending March 31, 2024, up from ₹11,035.77 lakhs in 2023.
- Net Profit: The net profit for the year ending March 31, 2024, was ₹725.36 lakhs, compared to ₹275.84 lakhs in 2023.
- Total Assets: As of March 31, 2024, the total assets were valued at ₹8,179.18 lakhs, up from ₹7,223.87 lakhs in 2023.
- Total Liabilities: The company’s total liabilities stood at ₹5,805.38 lakhs in 2024, slightly higher than ₹5,544.25 lakhs in 2023.
- Equity Share Capital: The equity share capital was ₹1,488.00 lakhs in 2024, unchanged from previous years.
- Borrowings: Long-term borrowings decreased to ₹25.47 lakhs in 2024, from ₹70.66 lakhs in 2023, while short-term borrowings increased to ₹2,467.35 lakhs in 2024 from ₹1,956.99 lakhs in 2023
This financial summary shows consistent growth and a strong position in the market.
Important Dates
| Event | Date |
|---|---|
| Offer Start | 17th Sep 2024 |
| Offer End | 19th Sep 2024 |
| Allotment | To be announced |
| Refund Initiation | 16th Sep 2024 |
| Demat Transfer | 16th Sep 2024 |
| Listing | 17th Sep 2024 |
FAQs
- Paramount Speciality Forgings Limited Share Price: ₹57 – ₹59 per share.
- Paramount Speciality Forgings Ltd IPO GMP Today: The GMP will be updated closer to the listing date.
- Paramount Speciality Forgings Subscription: Subscription details will be updated as the IPO progresses.
- Paramount Speciality Forgings Limited IPO: Active from 17th to 19th September 2024.
- Paramount Speciality Forgings Limited Owners: The Hararwala and Bhagat families are the key promoters.
- Paramount Speciality Forgings Limited IPO Review: Review details will be updated based on market sentiment and subscription levels.
