Parmeshwar Metal IPO is set to open on January 2, 2025, and will close on January 6, 2025. The Parmeshwar Metal IPO is a Book Built Issue, aiming to raise approximately ₹24.74 crores. This includes a fresh issue of ₹24.74 crores and an offer for sale of up to [.] equity shares. The face value of each share is ₹10.
Parmeshwar Metal IPO Price band is set between ₹57 to ₹61 per share. The quota allocation is 35% for Retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Leo Dryfruits IPO is scheduled to list on BSE on January 9, 2025, with the allotment announcement on January 7, 2025.
The company reported revenue of ₹972.71 crores in 2024, compared to ₹902.27 crores in 2023. It posted a Profit of ₹8.90 crores in 2024, compared to a Profit of ₹6.85 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Parmeshwar Metal IPO Details
- Parmeshwar Metal IPO Market Lot
- Parmeshwar Metal IPO Dates
- About Parmeshwar Metal
- Promoters of Parmeshwar Metal
- Parmeshwar Metal IPO Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Parmeshwar Metal IPO GMP (Grey Market Premium)
- Parmeshwar Metal Subscription Status
- Parmeshwar Metal Allotment Status
- IPO Registrar
- IPO Lead Managers
- Parmeshwar Metal Contact
- FAQs
Parmeshwar Metal IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Parmeshwar Metal Limited |
| Industry | Non-Ferrous Metals |
| IPO Issue Type | Book Built Issue |
| Open Date | January 2, 2025 |
| Close Date | January 6, 2025 |
| Total Issue Size | Approx ₹24.74 Crores |
| Fresh Issue | Approx ₹24.74 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹57 to ₹61 Per Share |
| Listing on | BSE SME |
| Lot Size | 2000 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Parmeshwar Metal IPO Market Lot
Parmeshwar Metal IPO has a minimum lot size of 2,000 shares, with an amount of ₹1,22,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,22,000 |
| Retail Maximum | 1 | 2,000 | ₹1,22,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,44,000 |
Parmeshwar Metal IPO Dates
Parmeshwar Metal IPO opens on January 2, 2025, and closes on January 6, 2025. The allotment will be announced on January 7, 2025, and the IPO will be listed on January 9, 2025.
| Event | Date |
|---|---|
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Basis of Allotment | January 7, 2025 |
| Refunds | January 8, 2025 |
| Credit to Demat Account | January 8, 2025 |
| IPO Listing Date | January 9, 2025 |
About Parmeshwar Metal
Parmeshwara Metal Limited, established in 2017 in Dahegam, Gujarat, specializes in manufacturing copper wires and copper wire rods through the sustainable practice of recycling copper scrap. The company produces a diverse range of copper wire rods, including sizes such as 1.6 MM, 8 MM, and 12.5 MM, catering to industries like power cables, building wires, transformers, automotive, household cables, and both bare and enameled wires. Their state-of-the-art manufacturing facility is equipped with an in-house laboratory to ensure the safety and quality of raw materials, enabling them to deliver superior products that meet customer requirements.
In addition to their core products, Parmeshwar Metal Limited emphasizes workplace safety by offering essential protective gear, including tools, fire safety helmets, shoes, hand gloves, face visors, and welding goggles. This commitment to quality and safety has contributed to their financial success, with the company recording an operating revenue of ₹83,920.31 lakh and a profit after tax of ₹315.26 lakh in FY2023.
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.
Parmeshwar Metal IPO Financial Report
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 7,686.32 | 5,412.42 | 4,112.89 | 3,344.67 |
| Revenue | 84,069.98 | 97,270.61 | 90,227.47 | 53,833.9 |
| Profit After Tax | 315.26 | 889.53 | 685.16 | 406.45 |
| Net Worth | 3,314.15 | 2,998.9 | 2,109.37 | 1,526.21 |
| Reserves and Surplus | 2,564.15 | 2,248.9 | 1,359.37 | 676.21 |
| Total Borrowing | 3,281.9 | 1,660.02 | 1,383.71 | 1,206.52 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| 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
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Rajnandini Metal Limited | 0.49 | 22.64 | 33.02% | 1.50 | 1,028.88 Cr. |
Objective of the Issue
- Parmeshwara Metal Limited plans to establish a new manufacturing facility in Dehgam, Gujarat, dedicated to producing bunched copper wire and 1.6 MM copper wire rods. The project also includes renovating the copper melting furnace to enhance efficiency, addressing working capital requirements to support seamless operations, and allocating funds for general corporate purposes.
Parmeshwar Metal IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Parmeshwar Metal, please visit the IPO GMP page.
Parmeshwar Metal Subscription Status
This IPO subscription kicks off on January 2, 2025! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Parmeshwar Metal Allotment Status
To check Parmeshwar Metal IPO allotment status, visit the IPO register website Linkintime or go to the IPO Allotment page.
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: parmeshwar.smeipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Parmeshwar Metal Contact
PARMESHWAR METAL LIMITED
Office at Survey No. 130 P & 131, State Highway No. 69,
Sampa Lavad Road, Village Suja Na Muvada,
Post-Sampa Gandhinagar, Dehgam, Gujarat- 382315
Phone: +91 6357076561
E-mail: cs@parmeshwarmetal.com
Website: www.parmeshwarmetal.com
FAQs
What is Parmeshwar Metal’s IPO?
Parmeshwar Metal’s IPO is an SME IPO aiming to raise ₹24.74 crores, with shares priced between ₹57 and ₹61 per equity share. The IPO will be listed on the BSE.
When will Parmeshwar Metal’s IPO open for subscription?
The IPO will open on January 2, 2025, for QIB, NII, and retail investors and will close on January 6, 2025.
What is the investor allocation for Parmeshwar Metal’s IPO?
The investor allocation is divided into 50% for QIB, 15% for NII, and 35% for retail investors.
How can investors apply for Parmeshwar Metal’s IPO?
Investors can apply online via ASBA through their bank accounts or UPI-enabled stock broker platforms. They can also apply offline by submitting the application form through their stock brokers.
What is the issue size of Parmeshwar Metal’s IPO?
The issue size of Parmeshwar Metal’s IPO is ₹24.74 crores.
Note: Parmeshwar Metal’s IPO price band and date have been officially announced. Parmeshwar Metal’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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