Bookbuilding IPO | ₹25 Cr | Listed at BSE SME | Thu, Jan 2, 2025 - Mon, Jan 6, 2025
Parmeshwar Metal IPO is a book build issue of ₹24.74 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹24.74 crore.
Parmeshwar Metal IPO bidding started from Jan 2, 2025 and ended on Jan 6, 2025. The allotment for Parmeshwar Metal IPO was finalized on Jan 7, 2025. The shares got listed on BSE SME on Jan 9, 2025.
Parmeshwar Metal IPO price band is set at ₹61 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,22,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,44,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Parmeshwar Metal IPO RHP for detailed Information.
IPO Open
Thu, Jan 2, 2025
IPO Close
Mon, Jan 6, 2025
Issue Price
₹61 per share
Market Cap (Pre-IPO)
₹93.37 Cr
| IPO Date | 2 to 6 Jan, 2025 |
| Listed on | Thu, Jan 9, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹61 |
| Issue Price | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 40,56,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 2,06,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 38,50,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 38,50,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,53,06,000 shares |
| BSE Script Code | 544330 |
| ISIN | INE0QQJ01021 |
Parmeshwar Metal IPO comprises a total issue size of 40,56,000 shares. The net offer to the public is 38,50,000 shares, after excluding 2,06,000 shares allotted on a firm basis. Of the Net offer 19,24,000 (49.97%) are allocated to QIB, 5,78,000 (15.01%) allocated to NII 13,48,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 19,24,000 | 49.97% | 47.44% |
| − Anchor Investor Shares Offered | 11,54,000 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 7,70,000 | 18.98% | |
| NII (HNI) Shares Offered | 5,78,000 | 15.01% | 14.25% |
| Retail Shares Offered | 13,48,000 | 35.01% | 33.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,06,000 | 5.08% | |
| Total Shares Offered | 40,56,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Parmeshwar Metal IPO raises ₹7.04 crore from anchor investors. Parmeshwar Metal IPO Anchor bid date is January 1, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jan 1, 2025 |
| Shares Offered | 11,54,000 |
| Anchor Portion (₹ Cr.) | 7.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Feb 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Apr 6, 2025 |
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
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 67.33 | 70.10 | 54.12 | 41.13 |
| Total Income | 757.31 | 1,102.46 | 972.71 | 902.27 |
| Profit After Tax | 5.70 | 7.22 | 8.90 | 6.85 |
| NET Worth | 42.91 | 37.21 | 29.99 | 21.09 |
| Reserves and Surplus | 31.66 | 29.71 | 22.49 | 13.59 |
| Total Borrowing | 14.69 | 21.89 | 16.60 | 13.84 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire (“Proposed project”) | 2.18 |
| 2 | Funding of capital expenditure for Furnace renovation | 1.87 |
| 3 | To Meet Working Capital Requirements | 13.92 |
| 4 | General Corporate Purpose | 4.02 |
| KPI | Mar 28, 2024 |
|---|---|
| ROE | 21.49% |
| ROCE | 17.51% |
| Debt/Equity | 0.59 |
| RoNW | 19.40% |
| PAT Margin | 0.66% |
| Price to Book Value | 1.84 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.42 | 6.39 |
| P/E (x) | 9.51 | 9.55 |
| Promoter Holding | 96.33% | 70.81% |
| Market Cap | ₹93.37 Cr. |
The Parmeshwar Metal IPO is subscribed 607.07 times on January 6, 2025 6:19:07 PM (Day 3). The public issue subscribed 597.09 times in the retail category, 177.32 times in the QIB category, and 1,202.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 177.32 | 7,70,000 | 13,65,34,000 | 103 |
| NII* | 1,202.83 | 5,78,000 | 69,52,36,000 | 36,920 |
| Retail | 597.09 | 13,48,000 | 80,48,78,000 | 4,02,501 |
| Total | 607.07 | 26,96,000 | 1,63,66,48,000 | 6,58,634 |
Total Application : 6,58,634
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLM (including any underwriting commission, brokerage and selling commission) | 1.70 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.02 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expense | 0.10 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.41 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (Three Year | 0.12 |
| 8 | Fess payable for secretarial Work | 0.01 |
| 9 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | 0.37 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹84.50 |
| Low | ₹81.05 |
| High | ₹88.72 |
| Last Trade | ₹88.72 |
Lead Manager Reports
Parmeshwar Metal IPO is a SME IPO of 40,56,000 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jan 2, 2025, and closes on Mon, Jan 6, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Parmeshwar Metal IPO using UPI as a payment gateway. Zerodha customers can apply in Parmeshwar Metal IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Parmeshwar Metal IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Parmeshwar Metal IPO opens on Thu, Jan 2, 2025 and closes on Mon, Jan 6, 2025.
Parmeshwar Metal IPO lot size is 2000, and the minimum amount required for application is ₹1,22,000.
You can apply in Parmeshwar Metal IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Parmeshwar Metal IPO will be done on Tuesday, January 7, 2025, and the allotted shares will be credited to your demat account by Wed, Jan 8, 2025. Check the Parmeshwar Metal IPO allotment status.
The Parmeshwar Metal IPO listing date is on Thu, Jan 9, 2025.
