Parmeshwar Metal Limited IPO

BSE SME

Listed On: Jan 9, 2025 at ₹ 84.5

₹ 122000 /2000 Shares

Check Allotment

Parmeshwar Metal IPO Details

02 Jan, 2025

Open Date

06 Jan, 2025

Close Date

07 Jan, 2025

Allotment Date

09 Jan, 2025

Listing Date

Issue Price

₹57-61 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Link Intime India Private Ltd

List Price

84.5

Listing Date

2025-01-09

Market Lot

2000 Shares (₹122,000/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

40,56,000 shares(aggregating up to ₹24.74 Cr)

Retail Portion

35%

Subscription

607.06 times

IPO Docs

DRHP RHP

The IPO of Parmeshwar Metal is priced at ₹57-61 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE SME. Link Intime India Private Ltd is the registrar of the issue.

Parmeshwar Metal IPO bid opening date is from Jan 2, 2025 and the bid closing date was Jan 6, 2025.
Parmeshwar Metal IPO allotment result will be available on Jan 7, 2025. The tentative listing date for Parmeshwar Metal is Jan 9, 2025.

The total issue size is 40,56,000 shares(aggregating up to ₹24.74 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	7,70,000 / 5,78,000	13,48,000	26,96,000
Day 1 - 02-01-25 06:00 PM	0.00 / 9.65 x	23.44 x	13.79 x
Day 2 - 03-01-25 06:00 PM	0.98 / 29.76 x	76.86 x	45.09 x
Day 3 - 06-01-25 06:00 PM	177.32 / 1202.79* x	597.09 x	607.06 x

Total No. of Applications: 6,58,634 (Approx)

Parmeshwar Metal Valuations

EPS Pre IPO

₹6.42/-

EPS Post IPO

₹6.39/-

P/E Pre IPO

9.51

P/E Post IPO

9.55

ROE

21.49%

ROCE

17.51%

Debt/Equity

0.59

RoNW

19.40%

PAT Margin

0.66

Price to Book Value

1.84

Parmeshwar Metal Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	7,010.27	5,412.42	4,112.89
Revenue	1,10,246.35	97,270.61	90,227.47
Profit After Tax	721.93	889.53	685.16
Net Worth	3,720.83	2,998.9	2,109.37
Reserves & Surplus	2,970.83	2,248.9	1,359.37
Total Borrowing	2,188.86	1,660.02	1,383.71

About The Company

Incorporated in August 2016, Parmeshwar Metal Limited is a copper wire and rods manufacturer through the recycling of copper scrap. The manufacturing unit of the company is located in Dehgam, Gujarat.

The company is an ISO 9001:2015 certified business with a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each designed according to customer specifications.

The various products of the company are utilized in industries like power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires.

As of December 31, 2023, the company employs a total of 89 employees.

Parmeshwar Metal - Promoter(s)

Pre Issue Share Holding: 96.33%

Post Issue Share Holding: 70.81%

Company Promoter(s)

Mr Shantilal Kailashchandra Shah, Mr Suchitkumar Maheshbhai Patel, Mr Piyush Giriraj Shah, Mr Radheshayam Jankilal Shah, Mr Parth Maheshbhai Patel, Mr Pratik Radheshyam Shah and Mrs Kailashben Radheshyam Shah.

Parmeshwar Metal IPO - Issue Objectives

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

Other Details

Company Contact Details

Parmeshwar Metal

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/

Registrar Contact Details

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 - FAQs

Ans. Parmeshwar Metal Limited IPO is a SME IPO. The issue is priced at ₹57-61 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jan 2, 2025, and closes on Jan 6, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Parmeshwar Metal Limited IPO opens on Jan 2, 2025 and closes on Jan 6, 2025.

Ans. The size of Parmeshwar Metal Limited IPO is 40,56,000 shares(aggregating up to ₹24.74 Cr).

Ans. The IPO price band is set between ₹57-61 per equity share.

Ans. To apply for Parmeshwar Metal Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Parmeshwar Metal Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Parmeshwar Metal Limited IPO is Jan 7, 2025.

Ans. The Parmeshwar Metal Limited IPO will be listed on Jan 9, 2025.

Ans. Follow the steps to check the allotment status for Parmeshwar Metal Limited IPO here.