Parmeshwar Metal Limited IPO

BSE SME Allotment Out

Offer Date: Jan 2, 2025 - Jan 6, 2025

Exp. Premium: 37-40 (60.66%)

₹ 122000 /2000 Shares

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Parmeshwar Metal IPO Live Subscription Details

Date

06 Jan 2025,05:11:40 PM

QIBs

177.32

NII

887.00

Retail

597.10x

Total

564.03 times

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

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

564.03 times

IPO Docs

DRHP RHP

Parmeshwar Metal IPO Subscription Details

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

RoNW

19.40%

Parmeshwar Metal Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22	31-Mar-21
Assets	7,010.27	5,412.42	4,112.89	3,344.67
Revenue	1,10,246.35	97,270.61	90,227.47	53,833.9
Profit After Tax	721.93	889.53	685.16	406.45

About The Company

Parmeshwar Metal Limited manufactures copper wire and rods by recycling copper scrap. The company's manufacturing unit is situated in Dehgam, Gujarat.

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

The company's products are used in various industries such as power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires.

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

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.