Paramount Speciality Forgings Limited (PSFL) is set to launch an SME IPO from September 17 to September 19, 2024. The offering is priced between Rs. 57 and Rs. 59 per share, with a total of 39,22,000 shares available for subscription.
Source- Moneyphobia
About Paramount Speciality Forgings Limited
Paramount Speciality Forgings Limited, established in 1994, is a prominent name in the forging industry, specializing in the manufacturing of forged components. The company offers a wide range of forged products for various industries, including automotive, aerospace, and construction. With state-of-the-art technology, Paramount has built a reputation for high-quality manufacturing and customer satisfaction.
IPO Details
IPO Start Date: 17th September 2024
IPO End Date: 19th September 2024
Issue Price: ₹57 – ₹59 per share
Face Value: ₹10 per equity share
Lot Size: 2000 Shares
Total Issue Size: Fresh Issue of 48,02,000 equity shares and Offer for Sale of 6,80,000 equity shares
Maximum Subscription for Retail Investor: ₹2,00,000
Status: 100% Book Building
GMP Price (Grey Market Premium)
The GMP (Grey Market Premium) is an indicator of market sentiment toward the IPO. The current GMP for Paramount Speciality Forgings Limited IPO will be tracked and updated closer to the listing date.
Promoters
Promoter Name
Stake
Aliasgar Roshan Hararwala
Promoter
Aliasgar Abdulla Bhagat
Promoter
Mohammed Salim Hararwala
Promoter
Abdulla Aliasgar Bhagat
Promoter
Hoozefa Saleem Hararwala
Promoter
Abbasali Salim Hararwala
Promoter
Zahid Mohamadi Hararwala
Promoter
Roshan Alihusain Hararwala
Promoter
Financial Summary
Here is the financial summary based on the restated financial statements:
Revenue from Operations: The company reported revenue of ₹11,275.65 lakhs for the year ending March 31, 2024, up from ₹11,035.77 lakhs in 2023.
Net Profit: The net profit for the year ending March 31, 2024, was ₹725.36 lakhs, compared to ₹275.84 lakhs in 2023.
Total Assets: As of March 31, 2024, the total assets were valued at ₹8,179.18 lakhs, up from ₹7,223.87 lakhs in 2023.
Total Liabilities: The company’s total liabilities stood at ₹5,805.38 lakhs in 2024, slightly higher than ₹5,544.25 lakhs in 2023.
Equity Share Capital: The equity share capital was ₹1,488.00 lakhs in 2024, unchanged from previous years.
Borrowings: Long-term borrowings decreased to ₹25.47 lakhs in 2024, from ₹70.66 lakhs in 2023, while short-term borrowings increased to ₹2,467.35 lakhs in 2024 from ₹1,956.99 lakhs in 2023
I a finance writer with 2+Year of Exp in financial topics. With BBA in Finance degree, content writer, SEBI-certified investor, and stock market enthusiast.
