Paramount Speciality Forgings Ltd. IPO: Key Details

We are manufacturers of steel forgings in India offering a diverse range of forged products. We have developedour business and scale of operations since its founding in 1996 and have invested in a variety of machinery toboost and diversify our manufacturing capabilities. We can now manufacture and provide forged componentsranging in weight from 1Kg to 4 metric tons in rough or finish-machined condition. Our products are manufacturedin accordance with National & International standards and is used in a wide range of industrial applications cateringto the extensive requirements of Petrochemicals, Chemicals, Fertilizers, Oil & Gas, Nuclear Power, and otherheavy engineering sectors. We benefit from our experience in catering to a wide range of customers due to our legacy of over three decades in the manufacturing businesses and have built long-standing relationships with customers across end-users in thePetrochemicals, Chemicals & Fertilizer, Oil & Gas, Nuclear, Power & other Heavy Engineering Industries.

Paramount Speciality Forgings Ltd. IPO Details

IPO Date September 17, 2024 to September 20, 2024
Listing Date September 25 2024
Face Value ₹10 per share
Price Band ₹57 to ₹59 per share
Lot Size 2000 Shares
Total Issue Size 3922000 Shares
Issue Type Book building
Listing At NSE 
Share holding pre issue 14880000
Share holding post issue 14200000

Paramount Speciality Forgings Ltd. IPO Promoter Holding

The promoter of the company is Aliasgar Roshan Hararwala, Aliasgar Abdulla Bhagat, Mohammed Salim Hararwala, Abdulla Aliasgar Bhagat, Hoozefa Saleem Hararwala, Abbasali Salim Hararwala, Zahid Mohamadi Hararwala, Roshan Alihusain Hararwala,

Share Holding Pre Issue 100%
Share Holding Post Issue 72.15%

Paramount Speciality Forgings Ltd. IPO Objectives

1. Capital expenditure through purchase of machinery and equipment required for expansion at our Khopoli Plant;2. General Corporate purposes.

Paramount Speciality Forgings Ltd. IPO Prospectus

Paramount Speciality Forgings Ltd. Lead Managers

  • Swaraj Shares & Securities Pvt Ltd.

Paramount Speciality Forgings Ltd. IPO Contact Information

  • Ankita Anil Patankar
  • Phone: 91-22-2373 2656
  • Email: compliance@paramountforge.org

Paramount Speciality Forgings Ltd. IPO Registrar

  • Name: Purva Shareregistry (India) Pvt Ltd
  • Phone: +91-022 - 23016761 / 022 - 23018261
  • Email: support@purvashare.com