SME · BSESubscribed: 607.13×GMP ₹38
Parmeshwar Metal Limited

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

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

Total Issue40,56,000 shares₹24.74 Cr
Fresh Issue40,56,000 shares₹24.74 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue1,12,50,000
Post-Issue1,53,06,000

Dilution: 36.1% increase in shares

Parmeshwar Metal Limited IPO Financials Health

Parmeshwar Metal Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum120001,22,000
Retail Maximum120001,22,000
HNI Minimum240002,44,000

(All values in CR)

Parmeshwar Metal Limited IPO Valuation

MetricValue
DEBT/EQUITY0.59
EPS Post IPO6.39
EPS Pre IPO6.42
P/E Post IPO9.55
P/E Pre IPO9.51
PAT MARGIN0.66
PRICE TO BOOK VALUE1.84
ROCE17.51%
ROE21.49%
RONW19.40%

(All values in CR)

Strength & Risk of Parmeshwar Metal Limited IPO

+Strengths

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.

!Risks

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 CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0011,54,00011,54,0007.04
HNI1.005,78,00069,54,14,0004
Market Maker1.002,06,0002,06,0001.26
QIB177.327,70,00013,65,34,000832.86
Retail597.1013,48,00080,48,86,0004
Total607.1326,96,0001,63,68,34,0009

Parmeshwar Metal Limited IPO GMP

00.0%

Last updated 30 Dec, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
30 Dec, 202461₹0--₹61 (0.00%)-30 Dec, 2024
31 Dec, 202461₹0--₹61 (0.00%)-31 Dec, 2024
01 Jan, 202561₹1015200₹71 (16.39%)-01 Jan, 2025
02 Jan, 202561₹2030400₹81 (32.79%)-02 Jan, 2025
03 Jan, 202561₹3553200₹96 (57.38%)-03 Jan, 2025
04 Jan, 202561₹4060800₹101 (65.57%)-04 Jan, 2025
05 Jan, 202561₹4060800₹101 (65.57%)-05 Jan, 2025
06 Jan, 202561₹4060800₹101 (65.57%)-06 Jan, 2025
07 Jan, 202561₹4060800₹101 (65.57%)-07 Jan, 2025
08 Jan, 202561₹4466900₹105 (72.13%)-08 Jan, 2025
09 Jan, 202561₹3857800₹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.

How to Apply for Parmeshwar Metal Limited IPO

1

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2

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Find Parmeshwar Metal Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

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4

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5

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