Paramount Speciality Forgings Ltd - IPO

Paramount Speciality Forgings Ltd IPO Details

Public offer of 54,82,000 equity shares of face value of Rs. 10.00/- each (Equity Shares) of Paramount Speciality Forgings Limited (the Company or the Issuer) for cash at a price of Rs. 59 per equity share (the Offer Price) aggregating to Rs. 32.34 crores (The Issue) comprising of a fresh issue of 48,02,000 of face value of Rs. 10.00/- each aggregating to Rs. 28.33 crores (the Fresh Issue) and an offer for sale of 6,80,000 of face value of Rs. 10.00/- each of face value of by the promoter selling shareholders (Offer for Sale) aggregating to Rs. 4.01 crores of which 2,76,000 of face value of Rs. 10.00/- each aggregating to Rs. 1.63 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of 52,06,000 equity shares aggregating to Rs. 30.71 crores (the Net Offer). The offer and the net offer will constitute 27.85 and 26.45 respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Capital expenditure through purchase of machinery and equipment required for expansion at its Khopoli Plant. General corporate expenses.

Paramount Speciality Forgings Ltd Contact Details

Paramount Speciality Forgings Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - compliance@paramountforge.org

Website - www.paramountforge.com