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.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

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About Paramount Speciality Forgings Limited

Paramount Forge is manufacturers of steel forgings in India offering a diverse range of forged products. They have developed their business and scale of operations since its founding in 1996 and have invested in a variety of machinery to boost and diversify their manufacturing capabilities. They can now manufacture and provide forged components ranging in weight from 1Kg to 4 metric tons in rough or finish-machined condition. Their products are manufactured in accordance with National and International standards and is used in a wide range of industrial applications catering to the extensive requirements of Petrochemicals, Chemicals, Fertilizers, Oil and Gas, Nuclear Power, and other heavy engineering sectors.

Company as an organization have established, implemented, and maintained an Integrated Management System (IMS), including the processes needed and their interactions, to achieve the intended outcome, including enhancing environmental and OH and S performance. The organization has considered the knowledge it gained during determination of internal and external issues, workers and other interested parties’ requirements while establishing and maintaining the Integrated Management System. The organization ensures continual improvement in IMS.

They own and operate two manufacturing facilities, with one in Kamothe and one in Khalapur, Maharashtra. Their Closed Die Forging Plant shop is equipped with two pneumatic air hammers 2T and 5T and a Drop Forge Hammer of capacity 1.5 MT that are capable of producing single piece forgings weighing up to 120 Kgs.

FORGING INDUSTRY
The forging industry is a key link between critical manufacturing segments--metal suppliers (both ferrous and nonferrous) and end user industries.

Forging units are usually classified basis the installed capacity of the forging unit. The forging units may be classified on the basis of physical capacity. 

1. Very Large (capacity above 75,000 tpa) 
2. Large (capacity between 30,000 and 75,000 tpa) 
3. Medium (capacity between 12,500 and 30,000 tpa) 
4. Small (capacity between 5,000 and 12,500 tpa) 
5. Very Small (capacity below 5,000 tpa)

Based on this classification 87.00% of the total number of units falls under the small and very small category, while only about 5 per cent are large and very large units. The balance of about 8.00% constitutes the medium sized units. Over the years, the Indian forging industry has evolved from being a labour-intensive industry to capital-intensive manufacturing sector. The forging industry of India provides direct employment to about 95,000 people. The small and very small units are mainly dependant on manual labour, however medium and large units are more mechanized. Quality standards in the industry have improved significantly and the sector is now well known globally for its high quality. Current share of auto sector is about 58% of total forging production while the rest is with the non-auto sector. Changes in Indian automobile industry directly impact Indian forging industry, because the forging components form the backbone of the Indian automobile industry. 

Since the automobile industry is the main customer for forgings the industry’s continuous efforts in upgrading technologies and diversifying product range has enabled it to expand its base of customers to foreign markets. The Indian forgings industry has made rapid strides and currently, not only meets almost all the domestic demand, but has also emerged as a large exporter of forgings. 

The industry is increasingly addressing opportunities arising out of the growing trend among global automotive OEM’s (Original Equipment Manufacturers) to outsource components from manufacturers in low-cost countries. As a result, the industry has been making significant contributions to country’s growing exports. The forging industry needs to leverage the market opportunity through focused approach on increasing productivity, upgrade of technology rather than mere capacity expansion. The industry has to constantly look for opportunities to increase productivity. The future of the industry does not look as dismal as it was 2-3 years back.

Forging has unique value among manufacturing processes. The industry is a key link between critical manufacturing segments--metal suppliers (both ferrous and nonferrous) and end user industries. Forgings are intermediate products used widely by original equipment manufacturers in the production of durable goods. They range in size from less than an ounce to more than 150 tons and are found in the machines, vehicles and equipment used to generate our industrial economy. Forgings are found in 20% of the products representing the Gross Domestic Product of the United States. The products of the forging industry are essential to the U.S. industrial economy, to its society, and to its national security. 

Forging imparts advantages that few processes can duplicate. The industry's future is based on improving upon these advantages. The following are features of forging that make the process and industry so important to designers and users (specifiers) of components:

• Forgings can be manufactured from readily available bar stock,
• Almost all metals and alloys can be forged, 
• There are few restrictions on part size, 
• Forgings can produce high tolerance features, 
• The products are fully recyclable, 
• Forgings impart high strength and reliability to components 
• Forgings typically have relatively low life cycle costs. 

The India metal forging market is projected to grow from $4.32 billion in 2022 to $8.80 billion by 2029, at a CAGR of 10.69% in forecast period, 2022-2029.

PARAMOUNT FORGE LIMITED COMPETITIVE STRENGTHS
1. Long-standing client relationships
2. Track record of consistently building capabilities and infrastructure, with focus on capital efficiency
3. Seasoned management team with deep domain expertise supported by a professional workforce
4. Strengthening their business through effective branding, promotional and digital marketing activities

PARAMOUNT FORGE LIMITED STRATEGIES
1. Strengthen their customer base by growing existing customer business and acquiring new customers
2. Expand capacity at their existing manufacturing facilities
3. Expanding their geographic footprint
4. Quality Management

PARAMOUNT FORGE LIMITED RISK FACTORS & CONCERNS
1. Demand for their products is related to growth and trends of their end user industry.
2. They depend on their Plant and Machinery for critical functions of their business.
3. Volatility in the supply and pricing of their raw materials may have an adverse effect on their business, financial condition, and results of operations.
4. Nearly all of their revenues from operations are derived on sales made within India and their business is therefore significantly affected by fluctuations in general economic activity in India.
5. They face significant risk with regard to length of time needed to complete each project and there could be unscheduled delays and cost overruns in relation to their ongoing and future projects.
6. They may need to seek financing in the future to support their growth strategies.