Parmeshwar Metal Limited IPO
BSE SMEListed On: Jan 9, 2025 at ₹ 84.5
₹ 244000 /4000 Shares
*Min Investment
02 Jan, 2025
Open Date06 Jan, 2025
Close Date07 Jan, 2025
Allotment Date09 Jan, 2025
Listing DateParmeshwar 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 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.
Parmeshwar Metal IPO Subscription Analysis And Details
| 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
Parmeshwar Metal Company Financials
| 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.
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
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 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
Registrar Contact Details
Parmeshwar Metal IPO - FAQs
Ans. Parmeshwar Metal Limited IPO is a SME IPO. The issue is priced at ₹57-61 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jan 2, 2025, and closes on Jan 6, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Parmeshwar Metal Limited IPO opens on Jan 2, 2025 and closes on Jan 6, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Parmeshwar Metal Limited IPO is 40,56,000 shares(aggregating up to ₹24.74 Cr).
Ans. The Parmeshwar Metal Limited IPO price band is set between ₹57-61 per equity share.
Ans. To apply for Parmeshwar Metal Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Parmeshwar Metal Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Parmeshwar Metal Limited IPO is Jan 7, 2025.
Ans. The Parmeshwar Metal Limited IPO will be listed on Jan 9, 2025.
Ans. Follow the steps to check the Parmeshwar Metal Limited IPO allotment status online.
