Paramount Speciality Forgings Limited IPO GMP

Established in 1996, is now among India’s leading manufacturers of steel forgings, Equipped with modern facilities and a highly qualified workforce, Paramount Forge Limited offers a wide range of Products in compliance with highest standards in quality and productivity catering to the extensive needs of the Petrochemical, Oil & Gas, Nuclear, Power & other Heavy Engineering sectors.

Paramount Forge, an Book Built Issue amounting to ₹32.34 Crores, consisting an Fresh Issue of 48.02 Lakh Shares worth ₹28.33 Crores and an Offer for Sale of 6.8 Lakh Share totalling to ₹4.01 Crores. The subscription period for the Paramount Forge IPO opens on September 17, 2024, and closes on September 20, 2024. The allotment is expected to be finalized on or about Monday, September 23, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, September 25, 2024.

The Share price band of Paramount Forge IPO is set at ₹57 to ₹59 equity per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹118,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹236,000.

SWARAJ SHARES AND SECURITIES PRIVATE LIMITED is the book-running lead manager, PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED is the registrar for the Issue. Swaraj Shares and Securities Private Limited, and Shreni Shares Limited are the Market Maker for the Paramount Forge IPO.

Paramount Forge Limited IPO GMP Today
The Grey Market Premium of Paramount Forge Limited IPO is expected in the range of ₹15 to ₹17 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Paramount Forge Limited IPO Live Subscription Status Today: Real-Time Updates
As of 05:00 PM on 20 September 2024, the Paramount Forge Limited IPO live subscription status shows that the IPO subscribed 68.75 times on its final day of subscription period. Check the Paramount Forge Limited IPO Live Subscription Status Today at NSE.

Paramount Forge Limited IPO Anchor Investors Report
Paramount Forge has raised ₹9.20 Crore from Anchor Investors at a price of ₹59 per shares in consultation of the Book Running Lead Managers. The company allocated 15,60,000 equity shares to the Anchor Investors. Check Full list of Paramount Forge Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Paramount Forge Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Paramount Forge IPO allotment date is 23 September, 2024, Monday. Paramount Forge IPO Allotment will be out on 23th September 2024 and will be live on Registrar Website from the allotment date. Check Paramount Forge Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Paramount Forge Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Paramount Forge Limited IPO
Paramount Forge Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹2,381.28 Lakhs is required for Capital expenditure through purchase of machinery and equipment required for expansion at their Khalapur Plant; 
2. General Corporate purposes.

Refer to Paramount Forge Limited RHP for more details about the Company.