Dehgam-based Parmeshwar Metal IPO is a Book Built Issue. This is a BSE SME IPO which is open for subscription on 2 January 2025 and will close on 6 January 2025. The price band of the IPO is ₹57 to ₹61 per share.
The total IPO Size is ₹24.74 crore in which fresh issue of ₹24.74 crores and offer for sale up to [.] equity shares. The company set face value of ₹10 each. You can apply for Parmeshwar Metal IPO for minimum lot size is 2000 shares for the retail investors, aggregating to an investment of ₹1,22,000.
This IPO is to be list on BSE SME platform on 9 January,2025, and allotment date is on 7 January,2025 which check Parmeshwar Metal IPO allotment status on Link Intime India Private Ltd. is the registrar for this offering.
The book-running lead managers of this IPO is Beeline Capital Advisors Pvt Ltd.For more information check Parmeshwar Metal IPO DRHP and RHP details.
Parmeshwar Metal IPO Details
IPO Issue Open Date:
2 January 2025
IPO Issue Close Date:
6 January 2025
IPO Issue Price Band:
₹57 to ₹61 Per Share
Face Value:
₹10 Per Equity Share
IPO Issue Size:
₹24.74 Crores | 40,56,000 shares
Fresh Issue:
₹24.74 Crores | 40,56,000 shares
Offer for Sale:
₹[.] Crores
Issue Type:
Book Built Issue
IPO Listing At:
BSE SME
IPO Retail Quota:
Not more than 35%
QIB Quota:
Not more than 50%
NII Quota:
Not more than 15%
Employee Discount:
₹[.] per share
Parmeshwar Metal IPO Prospectus:
Checkout the Parmeshwar Metal IPO Prospectus of DRHP and RHP file.
Get the tentative dates and schedule for latest IPO Parmeshwar Metal IPO are open and close date, allotment status, refunds, and listing details
Issue Open Date:
2 January 2025
Issue Close Date:
6 January 2025
Basis of Allotment Date:
7 January 2025
Refunds Initiation:
8 January 2025
Shares Credit in Demat:
8 January 2025
IPO Listing Date Detail:
9 January 2025
Parmeshwar Metal IPO Market Lot
You can bid for a minimum of 2,000 shares and maximum 4,000 shares in retail investors section, Also you can check HNI investors section for minimum and maximum in terms of shares and amount.
Application
Lot Size, Shares and Price Details
Retail (Min)
1 lots and 2,000 shares = ₹122,000
Retail (Max)
1 lots and 2,000 shares = ₹122,000
HNI (Min)
2 lots and 4,000 shares = ₹244,000
B-HNI Minimum
–
Parmeshwar Metal IPO GMP*
GMP Date
GMP Today
Subject to Sauda
Kostak
Expected Gain
Today
₹45
₹75,000
₹-
74%
8th Jan
₹40
₹70,000
₹-
65%
7th Jan
₹40
₹70,000
₹-
65%
6th Jan
₹40
₹70,000
₹-
65%
4th Jan
₹35
₹55,000
₹-
57%
3th Jan
₹35
₹55,000
₹-
57%
2th Jan
₹20
₹30,000
₹-
33%
1th Jan
₹-
₹-
₹-
₹-
About Parmeshwar Metal
Parmeshwar Metal Limited, which was established in Dahegam, Gujarat, in 2017, is a specialist in producing copper wire and copper wire rods through the recycling of copper scrap. They are well-known for producing a wide range of copper wire rods that are used in construction wires, power cables, transformers, the automotive sector, household cables, and bare and enameled wires, among other applications. Copper wire rods in a variety of sizes, including 1.6 mm, 8 mm, and 12.5 mm, are available in Parmeshwar Metal Limited’s product portfolio and can be customized to meet the needs of our clients. Their in-house lab is part of their manufacturing facilities, where they guarantee raw ingredients and make sure their consumers receive high-quality products. They provide tools, fire safety helmets, shoes, hand gloves, face visors, welding black goggles, and other items to give their customers safety. The business made Rs. 315.26 lakh in profit after taxes and Rs. 83920.31 lakh in operating revenue in FY2023.
Parmeshwar Metal IPO Strengths
Experienced Promoter and Management Team Strong Operational and Financial Performance
Strong relationship with customer
Quality Assurance
Customized Product Offering
Strong and diversified supplier base for sourcing raw materials
Objects of the IPO Issue
Setting up a new manufacturing facility at Dehgam, Gujarat, for manufacturing of Bunched copper wire and 1.6 MM Copper Wire Rod
Furnace renovation for copper melting
To Meet Working Capital Requirements.
General Corporate Purpose
Parmeshwar Metal Company Financial Report
The company reported revenue of ₹972.71 crores in 2024 against ₹902.27 crores in 2023. The company reported a profit of ₹8.90 crores in 2024 against a loss of ₹6.85 crores in 2023.
Period Ended
Revenue
Expense
Profit After Tax
Assets
2021
₹538.34
₹532.98
₹4.07
₹33.45
2022
₹902.27
₹892.82
₹6.85
₹41.13
2023
₹972.71
₹960.80
₹8.90
₹54.12
December 2023
₹840.70
₹836.48
₹3.15
₹76.86
Parmeshwar Metal IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
KPI
Values
ROE:
34.83%
ROCE:
27.15%
EBITDA Margin:
1.40%
PAT Margin:
0.92%
Debt to equity ratio:
0.55
Earning Per Share (EPS):
₹7.91 (Basic)
Price/Earning P/E Ratio:
N/A
Return on Net Worth (RoNW):
29.66%
Net Asset Value (NAV):
₹26.66
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
Company
EPS
PE Ratio
RoNW %
NAV
Income
Rajnandini Metal Limited
0.49
22.64
33.02%
1.50
1,028.88 Cr.
Parmeshwar Metal IPO Registrar
Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: parmeshwar.smeipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Parmeshwar Metal IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
Parmeshwar Metal IPO allotment status check on Link Intime website. Click on Link Intime India Private Ltd to get allotment status.
Promoters of Parmeshwar Metal
Mr Shantilal Kailashchandra Shah
Mr Suchitkumar Maheshbhai Patel
Mr Piyush Giriraj Shah
Mr Radheshayam Jankilal Shah
Mr Parth Maheshbhai Patel
Mr Pratik Radheshyam Shah
Mrs Kailashben Radheshyam Shah.
Company Address
Parmeshwar Metal Limited Office at Survey No. 130 P & 131 State Highway No. 69 Sampa Lavad Road Village Suja Na Muvada, Post-Sampa, Dehgam-382315 Phone: +91 6357076561 Email: cs@parmeshwarmetal.com Website: https://www.parmeshwarmetal.com/
Parmeshwar Metal IPO FAQs
What is Parmeshwar Metal IPO Detail?
Parmeshwar Metal IPO is a main-board IPO. The company is going to raise ₹24.74 Crores via IPO. The issue is priced at ₹57 to ₹61 pr equity share. The IPO is to be listed on BSE SME.
How to Apply Parmeshwar Metal IPO Online?
You can apply for Nexxus Petro IPO via ASBA online via your bank account/net banking and UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form and Apply IPO online through Zerodha, Upstox, 5Paisa, ICICI Bank, HDFC Bank and SBI Bank.
When Parmeshwar Metal IPO will open?
The IPO is to open on 2 January 2025 for QIB, NII, and Retail Investors. The IPO will close on 6 January 2025.
What is Parmeshwar Metal IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Parmeshwar Metal IPO Size?
Parmeshwar Metal issue size is ₹24.74 crores.
What is Parmeshwar Metal IPO Price Band?
Parmeshwar Metal IPO Price Band is ₹57 to ₹61.
What is the Lot Size of Parmeshwar Metal IPO?
The Parmeshwar Metal IPO minimum bid size is2,000 Shares with ₹122,000 amount.
What is the Parmeshwar Metal IPO Allotment Date?
Parmeshwar Metal IPO allotment date is 7 January,2025.
What is the Parmeshwar Metal IPO Listing Date?
Parmeshwar Metal IPO listing date is 9 January,2025. The IPO is to list on BSE SME.