Parmeshwar Metal IPO Details
Parmeshwar Metal IPO Summary
Parmeshwar Metal IPO opens for subscription on 02 Jan 2025 and closes on 06 Jan 2025.The IPO will be listed on BSE with the tentative listing date set for 09 Jan 2025.
Parmeshwar Metal IPO price band has been fixed at ₹57 – ₹61 per share. The face value is ₹10 per share with a lot size of 2000.
Parmeshwar Metal IPO total issue size comprises 40,56,000 shares (aggregating up to ₹24.74 Cr). This includes a fresh issue of 40,56,000 shares (aggregating up to ₹24.74 Cr). Pre-issue shareholding stands at 1,12,50,000, which will increase to 1,53,06,000 post-issue.
Parmeshwar Metal IPO carries a ₹38 (62.3%) GMP, reflecting investor sentiment.
Parmeshwar Metal IPO Lot Size :Retail Minimum is 1 lot (2,000 shares) amounting to ₹122,000. Retail Maximum is 1 lot (2,000 shares) amounting to ₹122,000. SHNI Minimum is 2 lots (4,000 shares) amounting to ₹244,000.
The Lead Managers for Parmeshwar Metal IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Beeline Capital Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Spread X Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Parmeshwar Metal Limited RHP.
Parmeshwar Metal IPO Details
Parmeshwar Metal IPO Subscription
Parmeshwar Metal IPO Application Wise Breakup
Parmeshwar Metal IPO Dates
- 02 Jan 2025Opening dateOpen
- 06 Jan 2025Closing dateClose
- 07 Jan 2025Allotment Date Allotment
- 08 Jan 2025Initiation of RefundsRefund
- 08 Jan 2025Credit of SharesCredit
- 09 Jan 2025Listing dateListing
Parmeshwar Metal IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹122,000 |
| Retail Maximum | 1 | 2000 | ₹122,000 |
| SHNI Minimum | 2 | 4000 | ₹244,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Parmeshwar Metal IPO Reservation
Promoter Holding
Documents
Parmeshwar Metal IPO Valuations
Parmeshwar Metal Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 7,686.32 | 5,412.42 | 4,112.89 | 3,344.67 | ||||||||||||||||||||||||||||||||||||
| Revenue | 84,069.98 | 97,270.61 | 90,227.47 | 53,833.9 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 315.26 | 889.53 | 685.16 | 406.45 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,314.15 | 2,998.9 | 2,109.37 | 1,526.21 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 2,564.15 | 2,248.9 | 1,359.37 | 676.21 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 3,281.9 | 1,660.02 | 1,383.71 | 1,206.52 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Parmeshwar Metal IPO
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
Strength Of Parmeshwar Metal IPO
1. Experienced Promoter and Management Team Strong Operational and Financial Performance.
2. Strong relationship with customer.
3. Quality Assurance.
4. Customized Product Offering.
5. Strong and diversified supplier base for sourcing raw materials.
Risk Of Parmeshwar Metal IPO
1. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
2. Its operations are concentrated in the state of Gujarat and any adverse developments affecting Gujarat could have an adverse effect on the company's business, results of operations and financial condition.
3. High volume-low margin business.
4. The company generally do business with its customers on purchase order basis and does not enter into long-term contracts with them.
5. The company is subject to strict quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect its reputation, financial conditions, cash flows and results of operations.
6. The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
7. The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.
8. Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.
9. The company has certain contingent liabilities that have not been provided for in the Company's financials which if materialized, could adversely affect its financial condition.
10. The Company derives entire revenue from manufacturing of copper wire rod and any reduction in the demand of such products could have an adverse effect on the business, results of operations and financial condition.
Objectives Parmeshwar Metal IPO
- 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
Company Contact Details
Parmeshwar Metal Limited
Office at Survey No. 130 P & 131
State Highway No. 69 Sampa Lavad Road
Village Suja Na Muvada, Post-Sampa, Dehgam-382315
Phone: +91 6357076561
Email: cs@parmeshwarmetal.com
Website: https://www.parmeshwarmetal.com/
Registrar Contact Details
Parmeshwar Metal FAQs
The Parmeshwar Metal IPO is a SME public issue comprising 4056000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹24.74 Cr. The issue price has been fixed at ₹61 per equity share, and the minimum application size is 2000 shares.
The IPO opens for subscription on 02 Jan 2025, and closes on 06 Jan 2025.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹38 (62.3%).
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