Parmeshwar Metal Limited IPO (Parmeshwar Metal IPO) Detail
Parmeshwar Metal IPO is a book built issue of Rs 24.74 crores. The issue is entirely a fresh issue of 40.56 lakh shares.
Parmeshwar Metal IPO bidding started from January 2, 2025 and ended on January 6, 2025. The allotment for Parmeshwar Metal IPO was finalized on Tuesday, January 7, 2025. The shares got listed on BSE SME on January 9, 2025.
Parmeshwar Metal IPO price band is set at ₹61 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,14,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,22,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,44,000.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Parmeshwar Metal IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Parmeshwar Metal IPO is Spread X Securities Private Limited.
Refer to Parmeshwar Metal IPO RHP for detailed information.
Parmeshwar Metal Ltd Stock Quote & Charts
- Open: ₹51.00
- High – Low: ₹55.00 – ₹49.00
- Previous Close: ₹52.50
- Total Traded Value: 12,000.00
- 52 Weeks High: ₹57.05 (Jan 09, 2025)
- 52 Weeks Low: ₹81.05 (Feb 12, 2025)
- Updated On: Jan 09, 2025 4:00 PM
Parmeshwar Metal IPO Details
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | January 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹61 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 40,56,000 shares (aggregating up to ₹24.74 Cr) |
| Fresh Issue | 40,56,000 shares (aggregating up to ₹24.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,53,06,000 shares |
| Market Maker Portion | 2,06,000 shares Spread X Securities Private Limited |
Parmeshwar Metal IPO Reservation
Parmeshwar Metal IPO offers 40,56,000 shares. 7,70,000 (18.98%) to QIB, 5,78,000 (14.25%) to NII, 13,48,000 (33.23%) to RII and 11,54,000 (28.45%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 11,54,000 (28.45%) |
| Market Maker Shares Offered | 2,06,000 (5.08%) |
| QIB Shares Offered | 7,70,000 (18.98%) |
| NII (HNI) Shares Offered | 5,78,000 (14.25%) |
| Retail Shares Offered | 13,48,000 (33.23%) |
| Total Shares Offered | 40,56,000 (100%) |
Parmeshwar Metal IPO Anchor Investors Details
Parmeshwar Metal IPO raises Rs 7.04 crore from anchor investors. Parmeshwar Metal IPO Anchor bid date is January 1, 2025. Parmeshwar Metal IPO Anchor Investors list
| Bid Date | January 1, 2025 |
| Shares Offered | 11,54,000 |
| Anchor Portion Size (In Cr.) | 7.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 6, 2025 |
Parmeshwar Metal IPO Timeline (Tentative Schedule)
Parmeshwar Metal IPO opens on January 2, 2025, and closes on January 6, 2025.
| IPO Open Date | Thu, Jan 2, 2025 |
| IPO Close Date | Mon, Jan 6, 2025 |
| Tentative Allotment | Tue, Jan 7, 2025 |
| Initiation of Refunds | Wed, Jan 8, 2025 |
| Credit of Shares to Demat | Wed, Jan 8, 2025 |
| Tentative Listing Date | Thu, Jan 9, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 6, 2025 |
Parmeshwar Metal IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,22,000 |
| Retail (Max) | 1 | 2000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
| Lot Size Calculator | |||
Parmeshwar Metal IPO Promoter Holding
| Share Holding Pre Issue | 96.33% |
| Share Holding Post Issue | 70.81% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Parmeshwar Metal Limited
Incorporated in August 2016, 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.
As of December 31, 2023 the company employees a total 89 Employees.
Competitive Strength
- Experienced Promoter and Management Team
- Strong relationship with customers
- Customized Product Offering
- Strong and diversified supplier base for sourcing raw materials
Company Financials
Parmeshwar Metal Limited Financial Information (Restated)
Parmeshwar Metal Limited’s revenue increased by 13% and profit after tax (PAT) dropped by -19% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,732.67 | 7,010.27 | 5,412.42 | 4,112.89 |
| Revenue | 75,730.83 | 1,10,246.35 | 97,270.61 | 90,227.47 |
| Profit After Tax | 570.29 | 721.93 | 889.53 | 685.16 |
| Net Worth | 4,291.13 | 3,720.83 | 2,998.9 | 2,109.37 |
| Reserves and Surplus | 3,166.13 | 2,970.83 | 2,248.9 | 1,359.37 |
| Total Borrowing | 1,468.99 | 2,188.86 | 1,660.02 | 1,383.71 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator (KPI)
The market capitalization of Parmeshwar Metal IPO is Rs 93.37 Cr.
KPI as of Thu, Mar 28, 2024.
| KPI | Values |
|---|---|
| ROE | 21.49% |
| ROCE | 17.51% |
| Debt/Equity | 0.59 |
| RoNW | 19.40% |
| PAT Margin | 0.66 |
| Price to Book Value | 1.84 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.42 | 6.39 |
| P/E (x) | 9.51 | 9.55 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2024 that is available in RHP.
Objects of the Issue (Parmeshwar Metal IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 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 Review (Apply)
[Dilip Davda] The company is engaged in the manufacturing and marketing of copper wire/rods etc. It marked steady growth in its top lines for the reported periods. Decline for FY24 profits attributed to highly volatile copper prices. Based on its recent financial performance, the issue appears reasonably priced. The company is operating in high volume/low margin segment. Investors may park funds for long term. Read detail review…
Parmeshwar Metal IPO Subscription Status (Bidding Detail)
The Parmeshwar Metal IPO is subscribed 607.07 times on January 6, 2025 6:19:07 PM (Day 3). The public issue subscribed 597.09 times in the retail category, 177.32 times in the QIB category, and 1,202.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 177.32 | 7,70,000 | 13,65,34,000 | 103 |
| NII* | 1,202.83 | 5,78,000 | 69,52,36,000 | 36,920 |
| Retail | 597.09 | 13,48,000 | 80,48,78,000 | 4,02,501 |
| Total | 607.07 | 26,96,000 | 1,63,66,48,000 | 6,58,634 |
Total Application : 6,58,634
*Market Maker portion is not included to NII/HNI.
Parmeshwar Metal IPO Prospectus
Parmeshwar Metal IPO Listing Details
| Listing Date | January 9, 2025 |
| BSE Script Code | 544330 |
| NSE Symbol | |
| ISIN | INE0QQJ01021 |
| Final Issue Price | ₹61 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹84.50 |
| Low | ₹81.05 |
| High | ₹88.72 |
| Last Trade | ₹88.72 |
Check IPO Performance…
Parmeshwar Metal Limited Contact Details
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 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
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