Paramount Speciality Forgings IPO GMP: The IPO of Paramount Specialty Forgings, a leading company in the Indian steel forging industry, has opened. Its IPO is in the SME category. The company's IPO will close on September 20, 2024. The size of this IPO is Rs 32.34 crore. After the IPO, Paramount will be listed on the NSE SME platform. Its listing will be on September 25. The company's IPO has been subscribed 1.55 times at 4.15 pm on the first day of the issue.

Know the rest of the details of the IPO (Paramount Speciality Forgings IPO)

The price of shares in its IPO is Rs 57-59. The lot size is 2000 shares. That means you can apply for at least 2000 shares and then multiples of the same.

What is the GMP (Paramount Speciality Forgings IPO GMP)

According to the report, the GMP of Paramount Specialty Forgings is currently zero. However, the GMP of any company can increase or decrease till listing.

How many shares will be released?

Paramount Specialty Forgings IPO consists of a combination of fresh equity shares and an offer for sale (OFS). The company will issue 48 lakh fresh equity shares, while an additional 6.8 lakh shares will be sold through OFS.

Started in 1996, the company produces a wide range of forged products. Over the years, Paramount has invested heavily in upgrading its machinery and expanding its production capabilities, thereby establishing itself as a leading player in the steel forging industry.

Disclaimer: Here information about IPO is given and not investment advice. There is risk in the equity market, so invest at your own risk. Do take expert advice before investing.