Parmeshwar Metal IPO
Open SmeCurrent GMP
₹38 (+62.30%)
Price Band
₹ 57 – 61
Lot Size
2000
Issue Size
₹24.74 Cr
Minimum Investment
₹244000 (4000 Shares)
Listing Date
09 January 2025
Subscription
607.13x
About the Company
Parmeshwar Metal Limited is an ISO 9001:2015 certified company based in Gujarat, India, specializing in the manufacturing of copper wire and copper wire rods by recycling copper scrap. The company operates a facility located in Dehgam, Gujarat, where it produces copper wire rods in sizes such as 1.6 mm, 8 mm, and 12.5 mm, tailored to meet customer specifications. These wire rods are used in a variety of applications, including power cables, building wires, transformers, automotive industries, and household cables.
The company emphasizes quality control through an in-house testing lab, ensuring both raw materials and finished products meet customer requirements and industry standards. It also prioritizes health and safety, providing safety tools and equipment to its workforce.
Recycling copper scrap is a key part of Parmeshwar Metal’s operations, as it is more energy-efficient and environmentally sustainable than extracting copper from primary sources. The company uses a range of machinery, including melting furnaces, rolling mills, and baling presses, in its manufacturing process.
The business is managed by promoters with over 35 years of experience in the metal industry, who oversee operations, quality control, human resources, and financial management. Their expertise has been instrumental in driving the company's growth and ensuring its profitability.
With a vision to expand its product offerings, Parmeshwar Metal plans to manufacture bunched copper wire by installing additional production facilities at its existing location.
Promoters
- Mr Shantilal Kailashchandra Shah
- Mr Suchitkumar Maheshbhai Patel
- Mr Piyush Giriraj Shah
- Mr Radheshayam Jankilal Shah
- Mr Parth Maheshbhai Patel
- Mr Pratik Radheshyam Shah
- Mrs Kailashben Radheshyam Shah
Promoters Holding
Holding Pre Issue
93.33%
Holding Post Issue
70.81%
Objects of the Issue
FRESH ISSUE
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
Address / Contact Info
Parmeshwar Metal Limited
Survey No. 130 P & 131, State Highway No. 69
Sampa Lavad Road,Village Suja Na Muvada,
Post-Sampa Gandhinagar, Dehgam,
Gujarat-382315
Phone: +91 6357076561
Email: cs@parmeshwarmetal.com
Website: https://www.parmeshwarmetal.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 02 January 2025
IPO Close Date
Monday, 06 January 2025
Basis of Allotment
Tuesday, 07 January 2025
Initiation of Refunds
Wednesday, 08 January 2025
Credit of Shares to Demat
Wednesday, 08 January 2025
Listing Date
Thursday, 09 January 2025 — NSE & BSE
Important Dates
Open Date
02 January 2025
Close Date
06 January 2025
Basis Of Allotment
07 January 2025
Listing Date
09 January 2025
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 7686.32 | 5412.42 | 4112.89 | 3344.67 |
| Revenue | 84069.98 | 97270.61 | 90227.47 | 53833.9 |
| Profit After Tax | 315.26 | 889.53 | 685.16 | 406.45 |
| Net Worth | 3314.15 | 2998.9 | 2109.37 | 1526.21 |
| Reserve & Surplus | 2564.15 | 2248.9 | 1359.37 | 676.21 |
| Total Borrowings | 3281.9 | 1660.02 | 1383.71 | 1206.52 |
EPS Pre
7.91%
EPS Post
2.75%
P/E Pre
7.71
P/E (Post Issue)
22.21x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2023. |
|---|---|
| ROE % | 34.83 |
| ROCE % | 27.15 |
| Debt / Equity | 0 |
| RoNW % | 0 |
| PbW | 0 |
| Pat Margin % | 0.92 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 206000 | 28.45 | 0 |
| Anchor Investors | 1154000 | 5.08 | 0 |
| Qualified Institutions | 770000 | 18.98 | 0 |
| Non-Institutional | 578000 | 14.25 | 0 |
| Retail Investors | 1348000 | 33.23 | 0 |
| Total | 4056000 | 100 | 0 |
Subscription Status ( Mon, 06 Jan 25 01:13 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 770000 | 136534000 | 177.32x |
| Non-Institutional | 578000 | 695414000 | 1203.14x |
| Retail Investors | 1348000 | 804882000 | 597.09x |
| Total | 2696000 | 1636830000 | 607.13x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 122,000.00 |
| Retail (Max) | 1 | 2,000 | 122,000.00 |
| S-HNI (Min) | 2 | 4,000 | 244,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Parmeshwar Metal IPO is a Book-building IPO worth ₹24.74 crores. The price band is ₹57 to 61 per share. The IPO opens on Thu, Jan 2, 2025 and closes on Mon, Jan 6, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Parmeshwar Metal IPO opens on Thu, Jan 2, 2025 and closes on Mon, Jan 6, 2025
Parmeshwar Metal IPO Price Band is ₹57 to 61.
Parmeshwar Metal IPO lot size is 2000, and the minimum amount required for application is ₹244000.
The minimum investment for Parmeshwar Metal IPO is approximately ₹244000 based on the upper price band.
To apply for the Parmeshwar Metal IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Jan 6, 2025. After submission, funds are blocked until the basis of allotment of Parmeshwar Metal IPO is finalised.
Parmeshwar Metal IPO issue size is ₹24.74 crores.
Parmeshwar Metal IPO allotment date is Sat, Jun 27, 2026.
The registrar for Parmeshwar Metal IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Parmeshwar Metal IPO through their official website or helpline.
The Parmeshwar Metal IPO GMP (Grey Market Premium) is ₹38 as of Thu, Jan 9, 2025. Based on the upper price band of ₹61 per share, the estimated Parmeshwar Metal IPO listing price is ₹99, indicating a potential listing gain of approximately 31% over the issue price.