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Paramount Speciality Forgings Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Paramount Speciality Forgings Ltd IPO

Registered Office: 3 1 Guru Himmat Building,Dr Mascar.Rd Anjirwadi Mazgaon , Mumbai - 400010 , Maharashtra , India.
Phone : +91 22 2373 2656   Fax:
Email :  compliance@paramountforge.org  
Website :  www.paramountforge.com
Public offer of 54,82,000 equity shares of face value of (Rs)10.00/- each ("Equity Shares") of Paramount Speciality Forgings Limited (the "Company" or the "Issuer") for cash at a price of (Rs)59 per equity share (the "Offer Price") aggregating to (Rs)32.34 crores ("The Issue") comprising of a fresh issue of 48,02,000 of face value of (Rs)10.00/- each aggregating to (Rs)28.33 crores (the "Fresh Issue") and an offer for sale of 6,80,000 of face value of (Rs)10.00/- each of face value of by the promoter selling shareholders ("Offer for Sale") aggregating to (Rs)4.01 crores of which 2,76,000 of face value of (Rs)10.00/- each aggregating to (Rs)1.63 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. net offer of 52,06,000 equity shares aggregating to (Rs)30.71 crores (the "Net Offer"). The offer and the net offer will constitute 27.85 and 26.45 respectively of the post-issue paid-up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
17-Sep-24 20-Sep-24 (Rs)59.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Swaraj Shares & Securities Pvt Ltd
Project Financed through Current Offer 32.34  
Post Issue Equity Share Capital 19.68  
Issue Price (Rs)59.00  
 
Projects
Capital expenditure through purchase of machinery and equipment required for expansion at its Khopoli PlantGeneral corporate expenses
Promoted By
Aliasgar Roshan Hararwala  
Mohammed Salim Saharwala  
Alisgar Abdulla Bhagat  
Listing At
NSE - SME 
Registrar to the Issue
Purva Sharegistry (I) Pvt Ltd