Paramount Speciality Forgings Limited IPO Message Board (Page 2)

Applied 2 hni lot (Full force) from my capacity 😂😂😂

Retail is better than 5 lot hni

​@Basuvr You are absolutely right but it's due to my lazyness of fund transfer 😊

​@DEVBULL 
Gr8.. Just Amazing almost 173.46 lacs blocked..
Al d best for allotments!!!

I have heard someone shorted big qty @ 12-15 per share anticipating 100 times in HNI.

Actual subscription went above 200 times.

I also applied but couldnt do full force due to shortage of time as the message came very late.

Wish all the best to prospective allottees.

Gmp starts🎉🎉🔥🔥

Gmp is 20 buyer Surat
St 31000

What is the gmp now

Retail only 33x 😯
What happened to the public, who used to push every issue (even the big ones) 200x 🤔

Trafiksol effect ???

If you see the recent list of SMEs and regular IPOs, most of them have fallen below their listing price. So, the overall performance is not giving enough confidence to go ahead. I had a plan to apply few retail lots. But, seeing QIB demand and recent performance, letting this go.

Subscription level is slow down in recetly closed SME . Trafiksol effect..

Applied 3 lots

HNI bane QIB, QIB bane darshak..-- akash vani 😎😁

​@diwan kapoor Sir, Tough luck to you as well. I don't have big pocket to get a sure shot hni allotment, wo increasing the retail applications where subx are preferably low. But its not working since long. My last(Only the second) allotment was Arabian Petroleum. 😑

​@Agrawal S Try karne ke siva aur koj option nahi hai.. !!
Best of luck for future ipo's Sir !!

Not sure why there is so less interest from QIB?
is it because their money is blocked in other IPOs or they think this IPO is not worth it?
can some one share some light on this?

No one has torch to throw light on this. But even with 0 GMP, subscription are not bad. Expect 20%-30% listing gain

Agee . I also let it go thinking on similar lines . It may spring a surprise on listing , but that's why market and more so listing is a somewhat tricky game in these sort of issues .

Seems a dark horse to me. Good clientele includes BPCL, IOCL,Reliance, Siemens, nuclear power corporation, Bharath forge, VA recharge wabag etc

Sealmetic type fellings.....

Was just going to apply...

Then got to know there are no buyers now...

Applied 3 retail 🤞

Applied 6 retail and 1 hni application..

applied 1 retail

SAME. Applied 1 retail.

Are the HNIs lying in ambush here too? Like Pelatro. Applied in HNI here.

WHy GMP is 0Rs for this IPO ??

Decent track of LM/MM. Anchor include India Equity, and some new names like Smart Horizon and Invicta Continuum. Good post ipo holding at around 72% in hands of promoters. OFS of 4 cr is adjustable given the efficient use of IPO proceeds other than GCP and issue expenses.

Co. has been there for quite some time now with the 3rd generation handling the biz currently. Catering especially to steel forged items. Promoter is experience rich and knows well the ground situation. Consider this as a steel proxy so cyclical in some terms. Steel flanges (connectors for oil& gas pipes), rings, valves are also manufactured by forging. 2 plants in Kamothe and Khalapur

Around 110 cr revenue FY23 and 112 cr Revenue FY24. 22% are exports which have been steadily increasing. Its biz is largely dependent on Petrochemical, Oil & Gas industry, Fertilizer, Power etc. Since these companies have found it hard to grow, visible in Paramount's numbers. Current capacity utilisation is around 40% for the manufacturing part. Mgmt has said that processing takes much more time hence IPO proceeds around 24 cr are used for capex (forklifts, testing labs, CNC machines). Some processing capex gets installed around 3 months from now and rest will take 12-15 months to boost the 12K MT existing capacity to around 15K MT. 50% Revenues from Top 10 clients. Some references to names like Tata, BPCL, HP, Reliance, ONGC is visible in the website but not outright in RHP.

Order book in hand is around 45 cr. Since the growth is limited due to cash and capex heavy biz PAT margins are around 7%. PAT has actually improved compared to last year due to downtick in steel prices. However, large parts of operating cash flow is stuck in inventories and receivables.

Priced near 16 P/E at IPO price, company has not mentioned any specific peers but similar biz like SBVCL, Goodluck etc trade in range lf 28 - 30 P/E. Forward P/E FY25 can be even lower around 13 if the trend continues.

Given the efficient corporate governance, this is a steady growth biz until capex gets materialised to its full. Sufficient spare capacity needs more orders to fully reflect in financials and this has potential to get traded at high multiples but does not look like in immediate term. Medium term to Long term is already bright. Integrity of management is an added psoitive.

Sold & Applied @4 Application in SB TO..

​@Niirav i want to sell please provide source

Not Alloted❌

​@MuStrFc Sir your view please

What is the GMP?

Grey market premium

ZERO

😲 all including QIB oversubscribed on Day 1.