Parmeshwar Metal IPO
- IPO Date02 Jan, 2025 to 06 Jan, 2025
- Listing Date09 Jan, 2025
- Face Value₹10 per share
- Issue Price₹57 to ₹61 per share
- Lot Size2000 Shares
- Minimum Investment₹1,22,000
- Listing AtBSE SME
- Total Issue Size40,56,000 Shares
(aggregating up to ₹24.74 Cr) - Fresh Issue40,56,000 Shares
(aggregating up to ₹24.74 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,12,50,000
- Shareholding post issue1,53,06,000
IPO Dates
Closing Date
06 Jan, 2025
Initiation of Refunds
08 Jan, 2025
Listing Date
09 Jan, 2025
02 Jan, 2025
Opening Date
07 Jan, 2025
Basis of Allotment
08 Jan, 2025
Credit of Shares
Parmeshwar Metal 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 |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 2000 | ₹1,22,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 2000 | ₹1,22,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,44,000 |
Parmeshwar Metal Promoter Holding
The Promoters of the company are 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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.33% | 70.81% |
Parmeshwar Metal COMPANY INFORMATION
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 opened for subscription on January 2, 2025 and will close on January 6, 2025. The allotment for the Parmeshwar Metal IPO is expected to be finalized on Tuesday, January 7, 2025. Parmeshwar Metal IPO will list on BSE SME with tentative listing date fixed as Thursday, January 9, 2025. Parmeshwar Metal IPO price band is set at ₹57 to ₹61 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹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.
Incorporated in August 2016, Parmeshwar Metal 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
FAQs About Parmeshwar Metal Ipo
Parmeshwar Metal IPO will open on 02 Jan, 2025 and close on 06 Jan, 2025. Investors must apply within this period to participate.
The Parmeshwar Metal IPO price band is set between ₹57.00 and ₹61.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹122000.00.
The Parmeshwar Metal IPO shares are expected to be listed on 09 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Parmeshwar Metal IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Parmeshwar Metal IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.