September 17, 2024 - September 20, 2024

Paramount Speciality Forgings IPO Subscription Details

Paramount Speciality Forgings IPO Subscription Status Live

Paramount Speciality Forgings IPO subscribed 73.88 times. The public issue subscribed 41.35 times in the retail category, 20.88 times in QIB, and 220.24 times in the NII category by September 20, 2024 (Day 4).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	20.88	1,040,000	2,17,12,000	128.10
Non-Institutional Buyers*	220.24	782,000	17,22,24,000	1,016.12
Retail Investors	41.35	1,824,000	7,54,28,000	445.03
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	73.88	3,646,000	26,93,64,000	1,589.25

Total Application : 37,714 (41.35 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 276,000 equity shares not included.

Paramount Speciality Forgings IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 September 17, 2024	1.14	1.12	2.87	2.00
Day 2 September 18, 2024	1.14	1.60	5.98	3.66
Day 3 September 19, 2024	1.47	3.96	10.52	6.53
Day 4 September 20, 2024	20.88	220.24	41.35	73.88

Paramount Speciality Forgings IPO Shares Offered

Paramount Speciality Forgings IPO is a public issue of 5,482,000 equity shares. The issue offers 1,824,000 shares to retail investors, 1,040,000 shares to qualified institutional buyers, and 782,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,560,000	9.20	28.46%
Market Maker	276,000	1.63	5.03%
QIB	1,040,000	6.14	18.97%
NII*	782,000	4.61	14.26%
Retail	1,824,000	10.76	33.27%
Total	5,482,000	32.34	100%

Paramount Speciality Forgings IPO Anchor Investor Allocation

A total of 15,60,000 shares at a price of Rs 59 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Smart Horizon Opportunities Fund	2,44,000	59	15.64	1,43,96,000
2	Vikasa India EIF (Incube Global Opportunities)	3,40,000	59	21.79	2,00,60,000
3	India Equity Fund	4,66,000	59	29.87	2,74,94,000
4	Swyom India Alpha Fund	1,70,000	59	10.9	1,00,30,000
5	Invicta Continuum Fund I	3,40,000	59	21.79	2,00,60,000
		15,60,000		100	9,20,40,000

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Paramount Speciality Forgings IPO Subscription FAQs

The Paramount Speciality Forgings IPO is subscribed 73.88 by September 20, 2024.