Paramount Speciality Forgings Ltd. has announced public offering of 5482000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 49.00 per share. The gross proceeds of the issue are expected to be Rs 3,234.38 lakhs.

The company's initial public offer (IPO) will open on 17 September 2024 and is expected to close on 19 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 57.00-59.00 per share.

The IPO includes a fresh Issue of 5482000 Equity Shares of the Company at an price of Rs 59.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Paramount Speciality Forgings Ltd. anticipates using the proceeds of the issue for .

Swaraj Shares and Securities Pvt. Ltd. as lead manager & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.