
Parmeshwar Metal Limited
Parmeshwar Metal Limited(PARMESHWAR)
Total Shares
40,56,000
Issue Size
₹24.74 Cr
Price Band
₹57 – ₹61
Lot Size
2000 shares
Min. Investment
₹1,22,000
Max. Investment
₹1,22,000
Open Date
02 Jan, 2025
Close Date
06 Jan, 2025
Allotment
07 Jan, 2025
Listing
09 Jan, 2025
Max. Investment
₹1,22,000
Announced
02 Jan, 2025
Opening Date
02 Jan, 2025
Closing Date
06 Jan, 2025
Basis of Allotment
07 Jan, 2025
Initiation of Refunds
08 Jan, 2025
Credit of Shares
08 Jan, 2025
Listing Date
09 Jan, 2025
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About Parmeshwar Metal Limited IPO
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
Parmeshwar Metal Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 36.1% increase in shares
Parmeshwar Metal Limited IPO Financials Health
Parmeshwar Metal Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,22,000 |
| Retail Maximum | 1 | 2000 | ₹1,22,000 |
| HNI Minimum | 2 | 4000 | ₹2,44,000 |
(All values in CR)
Parmeshwar Metal Limited IPO Valuation
| Metric | Value |
|---|---|
| DEBT/EQUITY | 0.59 |
| EPS Post IPO | 6.39 |
| EPS Pre IPO | 6.42 |
| P/E Post IPO | 9.55 |
| P/E Pre IPO | 9.51 |
| PAT MARGIN | 0.66 |
| PRICE TO BOOK VALUE | 1.84 |
| ROCE | 17.51% |
| ROE | 21.49% |
| RONW | 19.40% |
(All values in CR)
Strength & Risk of Parmeshwar Metal Limited IPO
1. Experienced Promoter and Management Team Strong Operational and Financial Performance.
2. Strong relationship with customer.
3. Quality Assurance.
4. Customized Product Offering.
5. Strong and diversified supplier base for sourcing raw materials.
1. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
2. Its operations are concentrated in the state of Gujarat and any adverse developments affecting Gujarat could have an adverse effect on the company's business, results of operations and financial condition.
3. High volume-low margin business.
4. The company generally do business with its customers on purchase order basis and does not enter into long-term contracts with them.
5. The company is subject to strict quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect its reputation, financial conditions, cash flows and results of operations.
6. The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
7. The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.
8. Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.
9. The company has certain contingent liabilities that have not been provided for in the Company's financials which if materialized, could adversely affect its financial condition.
10. The Company derives entire revenue from manufacturing of copper wire rod and any reduction in the demand of such products could have an adverse effect on the business, results of operations and financial condition.
Parmeshwar Metal Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 11,54,000 | 11,54,000 | 7.04 |
| HNI | 1.00 | 5,78,000 | 69,54,14,000 | 4 |
| Market Maker | 1.00 | 2,06,000 | 2,06,000 | 1.26 |
| QIB | 177.32 | 7,70,000 | 13,65,34,000 | 832.86 |
| Retail | 597.10 | 13,48,000 | 80,48,86,000 | 4 |
| Total | 607.13 | 26,96,000 | 1,63,68,34,000 | 9 |
Parmeshwar Metal Limited IPO GMP
Last updated 30 Dec, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 30 Dec, 2024 | 61 | ₹0 | -- | ₹61 (0.00%) | - | 30 Dec, 2024 |
| 31 Dec, 2024 | 61 | ₹0▼ | -- | ₹61 (0.00%) | - | 31 Dec, 2024 |
| 01 Jan, 2025 | 61 | ₹10▼ | 15200 | ₹71 (16.39%) | - | 01 Jan, 2025 |
| 02 Jan, 2025 | 61 | ₹20▼ | 30400 | ₹81 (32.79%) | - | 02 Jan, 2025 |
| 03 Jan, 2025 | 61 | ₹35▼ | 53200 | ₹96 (57.38%) | - | 03 Jan, 2025 |
| 04 Jan, 2025 | 61 | ₹40 | 60800 | ₹101 (65.57%) | - | 04 Jan, 2025 |
| 05 Jan, 2025 | 61 | ₹40 | 60800 | ₹101 (65.57%) | - | 05 Jan, 2025 |
| 06 Jan, 2025 | 61 | ₹40 | 60800 | ₹101 (65.57%) | - | 06 Jan, 2025 |
| 07 Jan, 2025 | 61 | ₹40▼ | 60800 | ₹101 (65.57%) | - | 07 Jan, 2025 |
| 08 Jan, 2025 | 61 | ₹44▲ | 66900 | ₹105 (72.13%) | - | 08 Jan, 2025 |
| 09 Jan, 2025 | 61 | ₹38 | 57800 | ₹99 (62.30%) | - | 09 Jan, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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