Parmeshwar Metal IPO

NiftyTrader • January 1, 2025

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Parmeshwar Metal IPO opens for subscription on January 2, 2025 and closes on January 6, 2025. The allotment for the Parmeshwar Metal IPO is expected to be finalized on Tuesday, January 7, 2025. Parmeshwar Metal IPO will list on BSE SME with tentative listing date fixed as Thursday, January 9, 2025.

Parmeshwar Metal IPO price band is set at ₹57 to ₹61 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,22,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,44,000.

Parmeshwar Metal IPO is a book built issue of Rs 24.74 crores. The issue is entirely a fresh issue of 40.56 lakh shares.

Parmeshwar Metal IPO Details

IPO Date	January 2, 2025 to January 6, 2025
Listing Date	[.]
Face Value	₹10 per share
Price	₹57 to ₹61 per share
Lot Size	2,000 Shares
Total Issue Size	40,56,000 shares (aggregating up to ₹24.74 Cr)
Fresh Issue	40,56,000 shares (aggregating up to ₹ 24.74 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Shareholding pre-issue	1,12,50,000 shares
Share holding post issue	1,53,06,000 shares
Market Maker Portion	2,06,000 shares

Parmeshwar Metal IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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
S-HNI (Min)	2	4000	₹2,44,000

Parmeshwar Metal IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

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

About Parmeshwar Metal

Incorporated in August 2016, Parmeshwar Metal Limited manufactures copper wire and rods by recycling copper scrap. The company’s manufacturing unit is situated in Dehgam, Gujarat.

The company is an ISO 9001:2015 certified business offering a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each tailored to meet customer specifications.

The company’s products are used in various industries such as power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires.

As of December 31, 2023 the company employees a total 89 Employees.

Competitive Strength

Experienced Promoter and Management Team
Strong relationship with customers
Customized Product Offering
Strong and diversified supplier base for sourcing raw materials

Parmeshwar Metal Financial Information

Period Ended	31 Oct 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,732.67	5,234.95	5,412.42	4,112.89
Revenue	75,730.83	1,10,246.35	97,270.61	90,227.47
Profit After Tax	570.29	721.93	889.53	685.16
Net Worth	4,291.13	3,720.83	2,998.9	2,109.37
Reserves and Surplus	3,166.13	2,970.83	2,248.9	1,359.37
Total Borrowing	1,468.99	2,188.86	1,660.02	1,383.71
				Amount in ₹ Lakhs

Parmeshwar Metal IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue

Parmeshwar Metal IPO Timeline (Tentative Schedule)

Parmeshwar Metal IPO opens on January 2, 2025, and closes on January 6, 2025.

IPO Open Date	Thursday, January 2, 2025
IPO Close Date	Monday, January 6, 2025
Basis of Allotment	Tuesday, January 7, 2025
Initiation of Refunds	Wednesday, January 8, 2025
A credit of Shares to Demat	Wednesday, January 8, 2025
Listing Date	Thursday, January 9, 2025
Cut-off time for UPI mandate confirmation	5 PM on January 6, 2025