Paramount Speciality Forgings Limited IPO
Paramount Speciality Forgings Limited IPO
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Following its successful public offering, Paramount Speciality Forgings Limited's made its market debut on 25-09-2024 and is now actively traded on the NSEplatform. The IPO mobilized 54,82,000 Shares in total capital, including 45,26,000 Shares in primary equity infusion and ₹4.01 Cr in secondary share sales.
The offering was structured with a price band of ₹57 to ₹59 and minimum investment lots of 2000 shares. Investor participation during the subscription window from 17-09-2024 to 20-09-2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on 23-09-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Paramount Speciality IPO About Company
Paramount Speciality Forgings Limited, established in 1994, is a leading Indian manufacturer of steel forgings, catering to industries like petrochemicals, oil and gas, nuclear power, and heavy engineering. The company offers a diverse range of forged products, including Tube Sheet Blanks, Forged Rings, Girth Flanges, Valve Bodies, and more. With two manufacturing facilities in Maharashtra (Kamothe and Khalapur), Paramount ensures high-quality standards that meet both national and international requirements. Its closed-die plant holds multiple certifications, including ISO 9001-2008 and ISO 14001-2004, and is accredited by top Oil & Gas companies and regulatory bodies.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Paramount Speciality IPO Strength Factors
- Strong Customer Bonds: Paramount Speciality Forgings has built long-term relationships with clients across various industries, ensuring trust and steady business.
- State-of-the-Art Manufacturing: With two advanced plants in Maharashtra, the company produces high-quality forged products that meet global standards.
- Commitment to Quality: Paramount is ISO-certified and dedicated to delivering top-notch products, customized solutions, and excellent customer service.
Paramount Speciality IPO Risk Factors
- No Long-term Customer Contracts: Without long-term agreements, the company is exposed to changing customer preferences or in-house production, which could impact its business.
- Industry-Driven Demand: The company’s success depends on the growth of its customers' industries. If customer sales drop, demand for its products could decline, affecting revenue.
- Supplier Dependence: Relying on a few suppliers without long-term contracts is risky. Any disruptions in these relationships could impact the supply chain, operations, and financial stability.
Paramount Speciality IPO Lead Manager(s)
- Swaraj Shares and Securities Private Limited
Paramount Speciality IPO Promoter(s)
- Aliasgar Roshan Hararwala
- Aliasgar Abdulla Bhagat
- Mohammed Salim Hararwala
- Abdulla Aliasgar Bhagat
- Hoozefa Saleem Hararwala
- Abbasali Salim Hararwala
- Zahid Mohamadi Hararwala
- Roshan Alihusain Hararwala.
Paramount Speciality IPO FAQs
Paramount Speciality Forgings Limited IPO subscribed 73.96 times. The public issue subscribed 41.35 times in the retail category,20.88times in QIB, and -- times in the HNI (10+) category byNovember 20, 2025 5:44:07 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Paramount Speciality IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Paramount Speciality IPO FAQs
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