The Parmeshwar Metal IPO has been structured as a book-built issue amounting to ₹24.74 crores. A total of 40.56 lakh shares are being freshly issued under this IPO.
The subscription period for the Parmeshwar Metal IPO is scheduled to open on January 2, 2025, and close on January 6, 2025. The allotment of shares is expected to be finalized on Tuesday, January 7, 2025. A tentative listing date of Thursday, January 9, 2025, has been set for the IPO on the BSE SME platform.
The price band for the IPO has been determined at ₹57 to ₹61 per share. A minimum application lot size of 2000 shares has been specified. An investment of ₹1,22,000 is required from retail investors for the minimum lot size. For HNI investors, a minimum investment of 2 lots (4,000 shares), amounting to ₹2,44,000, has been set.
Get the Parmeshwar Metal IPO RHP for detailed information.
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | January 9, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 57 to ₹ 61 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹24.74 Cr |
| Fresh Issue | ₹24.74 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,12,50,000 |
| Share holding post issue | 1,53,06,000 |
| Market Maker portion | 2,06,000 |
Parmeshwar Metal Limited IPO opens on January 2, 2025, and closes on January 6, 2025.
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Basis of Allotment | January 7, 2025 |
| Initiation of Refunds | January 8, 2025 |
| Credit of Shares to Demat | January 8, 2025 |
| Listing Date | January 9, 2025 |
| Cut-off time for UPI mandate confirmation | January 6, 2025 |
Bids can be placed by investors for a minimum of 2000 shares and in multiples thereof. The minimum and maximum investments by retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | Rs.122,000 |
| Retail (Max) | 1 | 2,000 | Rs.122,000 |
| S-HNI (Min) | 2 | 4,000 | Rs.244,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 96.33% |
| Share Holding Post Issue | 70.81% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% of the Net Issue |
|
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | 2025-01-01 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 7.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 9, 2025 |
Parmeshwar Metal Limited was incorporated in August 2016 and is engaged in the manufacturing of copper wire and rods through the recycling of copper scrap. The manufacturing unit is located in Dehgam, Gujarat.
The company has been certified as an ISO 9001:2015 business, and a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods is offered, each tailored to meet specific customer requirements.
The products manufactured by the company are utilized in various industries, including power cables, building wires, transformers, the automotive sector, household cables, and bare and enamelled wires.
| KPI | Values |
|---|---|
| ROE | 21.49% |
| ROCE | 17.51% |
| Debt/Equity | 0.59 |
| RoNW | 19.40% |
| P/BV | |
| PAT Margin (%) | 0.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.42 | 6.39 |
| P/E (x) | 9.51 | 9.55 |
The proceeds from the Fresh Issue are proposed to be utilized for the following purposes:
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/ |
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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