Parmeshwar Metal Limited has announced its IPO, open for subscription from January 2 to January 6, 2025. This IPO is entirely a fresh issue of 40,56,000 shares, amounting to a total issue size of ₹24.74 crores.
The price band for the IPO is ₹57 to ₹61 per share, with a minimum lot size of 2,000 shares. The allotment details are expected to be finalised by January 7, 2025, and the shares are scheduled for listing on BSE SME on January 9, 2025.
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Parmeshwar Metal IPO Timeline (Tentative)
| Event | Date |
| IPO Opening Date | January 2, 2025 |
| IPO Closing Date | January 6, 2025 |
| Allotment Date | January 7, 2025 |
| Face Value | 10.00 |
| Tick Size | 1.00 |
| Market Lot | 2000 |
| Minimum Bid Quantity | 2000 |
| Maximum Bid Quantity for QIIs | 3850000 |
| Maximum Bid Quantity for NIIs | 1926000 |
| Refund Initiation | January 8, 2025 |
| Shares Credited | January 8, 2025 |
| Listing Date | January 9, 2025 |
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About Parmeshwar Metal Limited
Parmeshwar Metal Limited was founded in August 2016. The company specializes in recycling copper scrap to produce copper wires and rods. Its manufacturing unit is located in Dehgam, Gujarat.
Parmeshwar Metal is ISO 9001:2015 certified, which means it follows high-quality standards in production. The company offers copper wire rods.
These products are used in many industries, such as:
- Power cables and building wires
- Transformers and the automotive sector
- Household cables
- Bare and enamelled wires
Parmeshwar Metal IPO Key Details
- Parmeshwar Metal Limited IPO Open Date: January 2, 2025
- Parmeshwar Metal Limited IPO Close Date: January 6, 2025
- Parmeshwar Metal Limited IPO Price Band: ₹57 to ₹61 per share
- Parmeshwar Metal Limited IPO Lot Size: 2,000 shares
- Book Running Lead Manager: Beeline Capital Advisors Pvt. Ltd.
- Market Maker: Spread X Securities Private Limited
- Registrar: Link Intime India Pvt. Ltd.
- Parmeshwar Metal Limited IPO GMP- ₹10, as of Jan 1st 2025 02:29 PM
Parmeshwar Metal Limited: Financial Overview
Parmeshwar Metal Limited has shown steady growth in its revenues over the years. However, its profits dropped in the financial year 2024 compared to 2023, mainly due to fluctuating copper prices.
| Year Ending | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) | Net Worth (₹ Lakhs) | Reserves & Surplus (₹ Lakhs) | Total Borrowing (₹ Lakhs) |
| 31 Mar 2022 | 4,112.89 | 90,227.47 | 685.16 | 2,109.37 | 1,359.37 | 1,383.71 |
| 31 Mar 2023 | 5,412.42 | 97,270.61 | 889.53 | 2,998.9 | 2,248.9 | 1,660.02 |
| 31 Mar 2024 | 7,010.27 | 1,10,246.35 | 721.93 | 3,720.83 | 2,970.83 | 2,188.86 |
| 31 Oct 2024 | 6,732.67 | 75,730.83 | 570.29 | 4,291.13 | 3,166.13 | 1,468.99 |
Parmeshwar Metal IPO FAQs
Parmeshwar Metal Limited is a Gujarat-based company manufacturing copper wires and rods from recycled copper scrap.
The IPO opens on January 2, 2025, and closes on January 6, 2025.
The minimum lot size is 2,000 shares.
The IPO allotment is expected to be finalised on January 7, 2025.
The price band is ₹57 to ₹61 per share.
The shares are expected to list on BSE SME on January 9, 2025.
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