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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 ₹61.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,14,000 (2000 shares). The minimum lot size investment for 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 Date | January 2, 2025 to January 6, 2025 |
| Listing Date | January 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹57 to ₹61 per share |
| Issue Price Final | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,56,000 shares (aggregating up to ₹24.74 Cr) |
| Reserved for Market Maker | 2,06,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.26 Cr) |
| Net Offered to Public | 38,50,000 shares (aggregating up to ₹23.49 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,53,06,000 shares |
Parmeshwar Metal IPO offers total 40,56,000 shares. Out of which 19,24,000 (47.44%) allocated to QIB, 7,70,000 (18.98%) allocated to QIB, 5,78,000 (14.25%) allocated to NII, 13,48,000 (33.23%) allocated to RII and 11,54,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,06,000 (5.08%) |
| QIB Shares Offered | 19,24,000 (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 (14.25%) |
| Retail Shares Offered | 13,48,000 (33.23%) |
| Total Shares Offered | 40,56,000 (100.00%) |
Parmeshwar Metal IPO raises ₹7.04 crore from anchor investors. Parmeshwar Metal IPO Anchor bid date is January 1, 2025. Parmeshwar Metal IPO Anchor Investors list
| Bid Date | January 1, 2025 |
| Shares Offered | 11,54,000 |
| Anchor Portion Size (In Cr.) | 7.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 6, 2025 |
Parmeshwar Metal IPO opens on January 2, 2025, and closes on January 6, 2025.
| IPO Open Date | Thu, Jan 2, 2025 |
| IPO Close Date | Mon, Jan 6, 2025 |
| Tentative Allotment | Tue, Jan 7, 2025 |
| Initiation of Refunds | Wed, Jan 8, 2025 |
| Credit of Shares to Demat | Wed, Jan 8, 2025 |
| Tentative Listing Date | Thu, Jan 9, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 6, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
Parmeshwar Metal Limited's revenue increased by 13% and profit after tax (PAT) dropped by -19% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,732.67 | 7,010.27 | 5,412.42 | 4,112.89 |
| Total Income | 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 | ||||
The market capitalization of Parmeshwar Metal IPO is ₹93.37 Cr.
KPI as of Thu, Mar 28, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 6.42 | 6.39 |
| P/E (x) | 9.51 | 9.55 |
The Company Parmeshwar Metal IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] The company is engaged in the manufacturing and marketing of copper wire/rods etc. It marked steady growth in its top lines for the reported periods. Decline for FY24 profits attributed to highly volatile copper prices. Based on its recent financial performance, the issue appears reasonably priced. The company is operating in high volume/low margin segment. Investors may park funds for long term. Read detail review...
| Listing Date | January 9, 2025 |
| BSE Script Code | 544330 |
| NSE Symbol | |
| ISIN | INE0QQJ01021 |
| Final Issue Price | ₹61 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹84.50 |
| Low | ₹81.05 |
| High | ₹88.72 |
| Last Trade | ₹88.72 |
Parmeshwar Metal Ltd.
Office at Survey No. 130 P & 131
State Highway No. 69 Sampa Lavad Road
Village Suja Na Muvada, Post-Sampa, Dehgam
Gandhinagar, Gujarat, 382315
Phone: +91 6357076561
Email: cs@parmeshwarmetal.com
Website: https://www.parmeshwarmetal.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: parmeshwar.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Parmeshwar Metal IPO is a SME IPO of 40,56,000 equity shares of the face value of ₹10 aggregating up to ₹24.74 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on January 2, 2025, and closes on January 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 January 2, 2025 and closes on January 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 Wednesday, January 8, 2025. Check the Parmeshwar Metal IPO allotment status.
The Parmeshwar Metal IPO listing date is on Thursday, January 9, 2025.
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