What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 24 Sep 2024.

Paramount Speciality Forgings Limited

ListedSME

Automotive & Auto Components · NSE

Paramount Speciality Forgings Limited, established in 1994, is a leading Indian manufacturer of steel forgings, catering to industries like petrochemicals, oil and gas, nuclear power, and heavy engineering. The company offers a diverse range of forged products, including Tube Sheet Blanks, Forged Rings, Girth Flanges, Valve Bodies, and more. With two manufacturing facilities in Maharashtra (Kamothe and Khalapur), Paramount ensures high-quality standards that meet both national and international requirements. Its closed-die plant holds multiple certifications, including ISO 9001-2008 and ISO 14001-2004, and is accredited by top Oil & Gas companies and regulatory bodies.

Price Band

₹57 – ₹59

Issue Size

₹32.34 Cr

Lot Size

2000 shares

GMP

₹17

+28.8%

Est. Listing

₹76

at current GMP

Subscribed

73.96x

overall

Open

17 Sep 2024

20 Sep 2024

Allotment

23 Sep 2024

Refund

24 Sep 2024

Demat Credit

25 Sep 2024

Listing

25 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Paramount Speciality Forgings Limited Allotment Status

Designated Registrar: Purva Sharegistry India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

23 Sep 2024

Basis finalization

Refunds Initiate

24 Sep 2024

Mandate release

Demat Credit

25 Sep 2024

Shares in demat

Listing Debut

25 Sep 2024

Trading begins

How to Check Paramount Speciality Forgings Limited IPO Allotment Status

Click the Check on Registrar button above to visit Purva Sharegistry India Private Limited's allotment portal.
Select Paramount Speciality Forgings Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Paramount Speciality Forgings Limited Public Issue & Market Profile

Paramount Speciality Forgings Limited is bringing an initial public offering (IPO) in the Automotive & Auto Components sector with an aggregate issue size of ₹32.34 Crores. The shares are offered at a price band of ₹57 to ₹59 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,18,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-25, while un-allotted funds or UPI block mandates will be released on 2024-09-24.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.