Parmeshwar Metal IPO
Parmeshwar Metal Limited IPO
Parmeshwar Metal is a BSE SME IPO listed on BSE SME with an issue price of ₹57–₹61 per share. The stock debuted at ₹84.5, delivering a listing gain of 38.5%. The IPO had a lot size of 2000 shares and a minimum investment of ₹1,22,000.
- IPO Dates
- Jan 2, 2025 – Jan 6, 2025
- Price band
- ₹57-61 per equity share
- Minimum Investment
- ₹1,22,000
- Issue size
- ₹24.74 Cr
- Lot size
- 2000
- Allotment Date
- Jan 7, 2025
- Listing
- Jan 9, 2025
- Listing At
- BSE SME
IPO timeline
-
Jan 2, 2025
Open Date
Completed
-
Jan 6, 2025
Close Date
Completed
-
Jan 7, 2025
Allotment Date
Completed
-
Jan 9, 2025
Listing Date
Completed
Parmeshwar Metal IPO Essentials
Parmeshwar Metal IPO Details
Parmeshwar Metal IPO is priced at ₹57-61 per share with a total issue size of ₹24.74 crore. The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹57-61 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Total issue size
- 40,56,000 shares
(aggregating up to ₹24.74 crore) - Fresh issue
- 40,56,000 shares
(aggregating up to ₹24.74 crore) - Listing at
- BSE SME
- List price
- 84.5
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Beeline Capital Advisors Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following 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 |
| NII (min) | 2 | 4000 | ₹2,44,000 |
Parmeshwar Metal IPO Reservation
Parmeshwar Metal IPO reservation details show category-wise allocation of shares. Out of the total 40,56,000 shares, approximately 18.98% are reserved for QIB, 14.25% for NII, 33.23% for retail investors, 5.08% for market maker, and 28.45% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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 Analytics
Parmeshwar Metal IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Parmeshwar Metal IPO Subscription Status
Parmeshwar Metal IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 7,70,000 / 5,78,000 | 13,48,000 | 26,96,000 |
|
Day 1
02-01-25 06:00 PM
|
(0.00 / 9.65) x | 23.44 x | 13.79 x |
|
Day 2
03-01-25 06:00 PM
|
(0.98 / 29.76) x | 76.86 x | 45.09 x |
|
Day 3
06-01-25 06:00 PM
|
(177.32 / 1202.79*) x | 597.09 x | 607.06 x |
Parmeshwar Metal Valuations
Earnings
- EPS Pre IPO
- ₹6.42/-
- EPS Post IPO
- ₹6.39/-
- P/E Pre IPO
- 9.51
- P/E Post IPO
- 9.55
Returns
- ROE
- 21.49%
- ROCE
- 17.51%
- RoNW
- 19.40%
- PAT Margin
- 0.66
Fundamentals
- Debt / Equity
- 0.59
- Price / Book
- 1.84
Parmeshwar Metal Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 7,010.27 | 5,412.42 | 4,112.89 |
| Revenue | 1,10,246.35 | 97,270.61 | 90,227.47 |
| Profit After Tax | 721.93 | 889.53 | 685.16 |
| Net Worth | 3,720.83 | 2,998.9 | 2,109.37 |
| Reserves & Surplus | 2,970.83 | 2,248.9 | 1,359.37 |
| Total Borrowing | 2,188.86 | 1,660.02 | 1,383.71 |
Parmeshwar Metal Company & Offer Insights
About Parmeshwar Metal
Incorporated in August 2016, Parmeshwar Metal Limited is a copper wire and rods manufacturer through the recycling of copper scrap. The manufacturing unit of the company is located in Dehgam, Gujarat.
The company is an ISO 9001:2015 certified business with a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each designed according to customer specifications.
The various products of the company are utilized in industries like power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires.
As of December 31, 2023, the company employs a total of 89 employees.
Parmeshwar Metal Promoter(s)
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. are the company's promoters of Parmeshwar Metal.
Parmeshwar Metal IPO Issue Objectives
- •
- 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 - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Parmeshwar Metal Limited | 6.42 | N/A | 33.07 | N/A | 19.4 | 1.85 | Standalone |
| Rajnandini Metal Limited | 0.55 | N/A | 2.05 | 18.73 | 26.87 | 5.5 | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the BSE and NSE on March 28, 2024, divided by the Diluted EPS.
- RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital reserves and surplus.
- NAV is computed as the closing net assets divided by the closing outstanding number of equity shares adjusted for bonus shares.
Contact Information
Contact Details
Parmeshwar Metal
+91 6357076561
https://www.parmeshwarmetal.com/
Office at Survey No. 130 P & 131, State Highway No. 69 Sampa Lavad Road, Village Suja Na Muvada, Post-Sampa, Dehgam-382315
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Parmeshwar Metal IPO is a book-built IPO worth ₹24.74 crore. The price band is ₹57–₹61 per share. The IPO opens on Jan 2, 2025 and closes on Jan 6, 2025. It will be listed on BSE. Link Intime India Private Ltd is the registrar.
The price band of Parmeshwar Metal IPO is ₹57 to ₹61 per share.
The lot size of Parmeshwar Metal IPO is 2000 shares.
The minimum investment for Parmeshwar Metal IPO is approximately ₹1,22,000 based on the upper price band.
Parmeshwar Metal IPO opens on Jan 2, 2025 and closes on Jan 6, 2025.
The allotment date of Parmeshwar Metal IPO is Jan 7, 2025.
Parmeshwar Metal IPO is expected to be listed on Jan 9, 2025 on BSE SME Platform.
Parmeshwar Metal IPO valuation snapshot: P/E 9.55, EPS ₹6.39/-, P/B 1.84, RoNW 19.40%, and market cap N/A.
To apply for Parmeshwar Metal IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Parmeshwar Metal IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Parmeshwar Metal IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Parmeshwar Metal IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Parmeshwar Metal IPO allotment status on IPO Ji for quick and easy access.