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Parmeshwar Metal Limited IPO (Parmeshwar Metal Limited IPO) Details

Parmeshwar Metal Limited

Parmeshwar Metal Limited IPO's overview

Parmeshwar Metal Limited IPO is a book built issue of ₹24.74 Cr (24,74,16,000). The issue includes a fresh issue of 40.56 Lakh (40,56,000) shares aggregating to ₹24.74 Cr (24,74,16,000).

Parmeshwar Metal Limited IPO is open for subscription on Jan 02, 2025 and closes on Jan 06, 2025. The allotment for Parmeshwar Metal Limited IPO is expected to be finalized on Jan 07, 2025. The shares will list on NSE, BSE with tentative listing date fixed as Jan 09, 2025.

Parmeshwar Metal Limited IPO price band is set at ₹57 to ₹61 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹1.14 Lakh (1,14,000).

Refer to Parmeshwar Metal Limited IPO RHP for detailed information.

  • IPO date

    Jan 02,2025 - Jan 06,2025

  • Listing Date

    Jan 09,2025

  • Face value

    ₹10

  • Price Band

    ₹57 to ₹61 per share

  • Lot

    ₹2000 Shares

  • Total Issue Size

    40.56 Lakh (40,56,000)

    aggregating up to ₹24.74 Cr (24,74,16,000)

  • Fresh Issue

    40.56 Lakh (40,56,000)

    aggregating up to ₹24.74 Cr (24,74,16,000)

  • Issue Type

    Book Building

  • IPO Type

    SME

  • Listing At

    NSEBSE

  • Pre Issue Size

    1.13 Cr (1,12,50,000)

  • Post Issue Size

    1.53 Cr (1,53,06,000)

  • Thu, Jan 02, 2025

    IPO Open

  • Mon, Jan 06, 2025

    IPO Close

  • Tue, Jan 07, 2025

    Basis of Allotment

  • Wed, Jan 08, 2025

    Initiation of Refunds

  • Wed, Jan 08, 2025

    Credit of Shares to Demat

  • Thu, Jan 09, 2025

    Listing

Parmeshwar Metal Limited IPO Day-wise IPO GMP Trend

Parmeshwar Metal Limited IPO last GMP is ₹44, last updated Jan 08,2025. With the price band of 61.00, Parmeshwar Metal Limited IPO's estimated listing price is ₹105 (cap price + today's GMP).The expected percentage gain/loss per share is 72.13%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
08-Jan-2561.0044
105(72.13%)8-Jan-2025 15:26
07-Jan-2561.0041
102(67.21%)7-Jan-2025 22:24
06-Jan-2561.0040
101(65.57%)6-Jan-2025 22:27
05-Jan-2561.0040
101(65.57%)5-Jan-2025 22:24
04-Jan-2561.0040
101(65.57%)4-Jan-2025 22:23
03-Jan-2561.0040
101(65.57%)3-Jan-2025 22:27
02-Jan-2561.0035
96(57.38%)2-Jan-2025 22:28
01-Jan-2561.0020
81(32.79%)1-Jan-2025 22:23
31-Dec-2461.000
61(0.00%)31-Dec-2024 22:30
30-Dec-2461.000
61(0.00%)30-Dec-2024 22:25

Parmeshwar Metal Limited IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

12,000₹1.22 Lakh (1,22,000)

Retail(Max)

12,000₹1.22 Lakh (1,22,000)

SHNI(Min)

24,000₹2.44 Lakh (2,44,000)

Parmeshwar Metal Limited IPO Financial Information (Restated Consolidated)

LabelOct 31, 2024Mar 31, 2024Mar 31, 2023Mar 31, 2022
Assets6,732.677,010.275,412.424,112.89
Revenue75,730.831,10,246.3597,270.6190,227.47
Profit After Tax570.29721.93889.53685.16
Net Worth4,291.133,720.832,998.92,109.37
Reserves and Surplus3,166.132,970.832,248.91,359.37
Total Borrowing1,468.992,188.861,660.021,383.71
Parmeshwar Metal Limited Financial Information

About Parmeshwar Metal Limited

Incorporated: August 2016
Industry: Copper Manufacturing

Business Description

Parmeshwar Metal Limited specializes in manufacturing copper wires and rods by recycling copper scrap. The company operates an ISO 9001:2015-certified facility in Dehgam, Gujarat, and offers a diverse product portfolio catering to various industrial applications.

Product Portfolio

The company produces copper wire rods in three standard sizes:

  • 1.6 mm
  • 8 mm
  • 12.5 mm

All products are customized to meet specific customer requirements.

Applications

The company's copper wire rods are widely used in industries such as:

  • Power Cables
  • Building Wires
  • Transformers
  • Automotive Industry
  • Household Cables
  • Bare and Enameled Wires

Manufacturing Facility

The Dehgam manufacturing unit is equipped with:

  • In-house laboratory to ensure raw material safety and maintain product quality.
  • Comprehensive safety provisions, including:
    • Fire safety helmets
    • Shoes
    • Hand gloves
    • Face visors
    • Welding goggles

Key Metrics (FY 2023)

  • Operating Revenue: ₹83,920.31 lakh
  • Profit After Tax (PAT): ₹315.26 lakh
  • Employees (as of Dec 31, 2023): 89

Competitive Strengths

  1. Experienced Promoters and Management Team:

    • Strong leadership with deep industry expertise.

  2. Customized Product Offerings:

    • Flexible production capabilities to meet diverse customer needs.

  3. Strong Customer Relationships:

    • Established trust and long-term collaborations with clients.

  4. Diversified Supplier Base:

    • Reliable sourcing of raw materials ensures uninterrupted production.

Strategic Advantages

  1. Recycling Expertise:

    • Copper scrap recycling aligns with sustainability goals and reduces raw material costs.

  2. Certifications and Quality Assurance:

    • ISO 9001:2015 certification underscores the company's commitment to quality.

  3. Versatile Applications:

    • Products cater to a broad spectrum of industries, reducing dependency on any single market.

Conclusion

Parmeshwar Metal Limited has established itself as a trusted name in the copper manufacturing industry. With a focus on quality, sustainability, and customer-centric solutions, the company is well-positioned for sustained growth. Its strong operational metrics, experienced leadership, and commitment to innovation make it a reliable partner for industries requiring high-quality copper wires and rods.

Parmeshwar Metal Limited IPO's documents

Parmeshwar Metal Limited Contact Details

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: [email protected]
Website: https://www.parmeshwarmetal.com/

Parmeshwar Metal Limited IPO's Promoters

The promoters of the company are 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.

Parmeshwar Metal Limited IPO Registrar

Link Intime India Private Ltd

Phone:

+91-22-4918 6270

Email:

[email protected]

Website:

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