IPO

Parmeshwar Metal Limited IPO

BSE SME

Listed On: Jan 9, 2025 at ₹ 84.5

₹ 244000 /4000 Shares
*Min Investment

Check Allotment

02 Jan, 2025

Open Date

06 Jan, 2025

Close Date

07 Jan, 2025

Allotment Date

09 Jan, 2025

Listing Date
Parmeshwar Metal IPO Issue Details
  • Issue Price ₹57-61 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 40,56,000 shares(aggregating up to ₹24.74 crore)
  • Fresh Share 40,56,000 shares(aggregating up to ₹24.74 crore)
  • Listing at BSE SME
  • List Price 84.5
  • Listing Date 2025-01-09
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Link Intime India Private 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 offers total 40,56,000 shares. Out of which 7,70,000 (18.98%) allocated to QIB, 5,78,000 (14.25%) allocated to NII,13,48,000 (33.23%) allocated to RII, NA (NA%) allocated to employees and 11,54,000 (28.45%) allocated to 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 Documents
DRHP
RHP
Parmeshwar Metal IPO Details


Parmeshwar Metal Limited IPO is an SME IPO, priced at ₹57-61 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 40,56,000 equity shares, aggregating up to ₹24.74 crores..

The IPO bidding window is open from Jan 2, 2025 to Jan 6, 2025. The allotment is expected to be finalized on Jan 7, 2025, and the tentative listing date is Jan 9, 2025.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,22,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,44,000.

Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.

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Parmeshwar Metal IPO Subscription Analysis And Details
Retail
597.09x
Total
607.06x
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
Total No of Applications
6,58,634
Parmeshwar Metal Valuations
EPS Pre IPO ₹6.42/-
EPS Post IPO ₹6.39/-
P/E Pre IPO 9.51
P/E Post IPO 9.55
ROE 21.49%
ROCE 17.51%
Debt/Equity 0.59
RoNW 19.40%
PAT Margin 0.66
Price to Book Value 1.84
Parmeshwar Metal Company Financials
In Lakhs
In Lakh
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
About Parmeshwar Metal Company

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.

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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.

Pre Issue Share Holding : 96.33%

Post Issue Share Holding : 70.81%

Parmeshwar Metal IPO - Issue Objectives
1

Setting up a new manufacturing facility at Dehgam, Gujarat, for manufacturing of Bunched copper wire and 1.6 MM Copper Wire Rod.

2

Furnace renovation for copper melting

3

To Meet Working Capital Requirements.

4

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:

  1. 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.
  2. 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.
  3. NAV is computed as the closing net assets divided by the closing outstanding number of equity shares adjusted for bonus shares.
Contact Details

Parmeshwar Metal

Office at Survey No. 130 P & 131, State Highway No. 69 Sampa Lavad Road, Village Suja Na Muvada, Post-Sampa, Dehgam-382315

+91 6357076561

cs@parmeshwarmetal.com

https://www.parmeshwarmetal.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

parmeshwar.smeipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html