Paramount Speciality Forgings Ltd IPO | Upcoming Paramount Speciality Forgings Ltd IPO

 Paramount Speciality Forgings Ltd IPO

Paramount Speciality Forgings Ltd is a company that specialises in manufacturing high-quality forged components. They typically serve industries such as aerospace, automotive, and oil and gas. Their focus is on precision engineering and innovation, providing custom solutions to meet specific client needs.

The IPO for Paramount Speciality Forgings is a book-built issue valued at ₹32.34 crores. It consists of a fresh issuance of 48.02 lakh shares, totaling ₹28.33 crores, along with an offer for sale of 6.8 lakh shares worth ₹4.01 crores.

Bidding for the Paramount Speciality Forgings IPO opened on September 17, 2024, and will conclude on September 20, 2024. Allotments are anticipated to be finalized on Monday, September 23, 2024. The IPO is expected to be listed on the NSE SME, with a tentative listing date set for Wednesday, September 25, 2024.

The price band for the Paramount Speciality Forgings IPO ranges from ₹57 to ₹59 per share. Retail investors must apply for a minimum lot size of 2,000 shares, requiring an investment of ₹118,000. For high-net-worth individuals (HNIs), the minimum investment is for 2 lots (4,000 shares), totaling ₹236,000.

Swaraj Shares and Securities Private Limited serves as the book-running lead manager for this IPO, while Purva Sharegistry India Pvt Ltd acts as the registrar. The market maker for the offering is Shreni Shares.

For more detailed information, please refer to the Red Herring Prospectus (RHP) for the Paramount Speciality Forgings IPO.