Paramount Speciality Forgings IPO Subscription Status IPO subscription status started on September 17, 2024, and closed on September 19, 2024. The company aims to raise approximately ₹32.34 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹57 to ₹59 per equity share.
The IPO consists of a minimum market lot of 2000 Shares requiring an application amount of ₹1,18,000. Paramount Speciality Forgings is a SME IPO that will be listed on the NSE.
Also read: Paramount Speciality Forgings IPO: Dates, Pricing, Allotment 2024
IPO Overview
Paramount Forge is a prominent manufacturer of steel forgings in India, offering a diverse range of forged products. Since its inception in 1996, the company has significantly expanded its business and operations. They have invested in various types of machinery, thereby enhancing and diversifying their manufacturing capabilities. Consequently, they can now produce forged components ranging in weight from 1 kg to 4 metric tons, available in both rough and finish-machined conditions.
Their products adhere to both National and International standards and are utilized in a broad spectrum of industrial applications. This includes catering to the extensive needs of sectors such as Petrochemicals, Chemicals, Fertilizers, Oil & Gas, Nuclear Power, and other heavy engineering industries.
With over three decades of experience, Paramount Forge benefits from its longstanding relationships with customers across these sectors. Additionally, the company owns and operates two manufacturing facilities: one in Kamothe and another in Khalapur, Maharashtra. Notably, their Closed Die Forging Plant is equipped with two pneumatic air hammers (2T and 5T) and a Drop Forge Hammer with a capacity of 1.5 MT, capable of producing single-piece forgings weighing up to 120 kgs.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Paramount Speciality Forgings IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 1.14 | 1.14 | 1.47 | 20.88 |
| NII | 1.12 | 1.60 | 3.96 | 220.24 |
| RII | 2.87 | 5.98 | 10.52 | 41.35 |
| Total | 2.00 | 3.66 | 6.53 | 73.88 |
Paramount Speciality Forgings IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Paramount Speciality Forgings IPO Form
To apply for the Paramount Speciality Forgings IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 17, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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