Paramount Speciality Forgings Limited
LISTEDSME IPO · IPO Guide
Issue Price
₹57 – ₹59
Listed On
25 Sep 2024
Listing Price
₹83 (+40.68%)
Current Price LIVE
₹83
(+40.68%)
Lot Size Calculator
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,18,000 |
| Retail (Max) | 2 | 4,000 | ₹2,36,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,54,000 |
| S-HNI (Max) | 8 | 16,000 | ₹9,44,000 |
| B-HNI (Min) | 9 | 18,000 | ₹10,62,000 |
As per financials, Paramount Speciality Forgings Limited has shown steady results, RoNW is 31.65% and P/E is respectively 37.05, 42.10 and 16.01 as per FY22, FY23 and FY24 earnings. So, issue looks fully priced, but sudden rise in net-profit raises doubts and its mainly due to lower input / material cost. Company is in business of manufacturing steel forgings, which is highly competitive and fragmented business segment. So, we give rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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