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Parmeshwar Metal IPO

  • Status: Live
  • RHP:
  • ₹ 114,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    02 Jan 2025

  • Close Date

    06 Jan 2025

  • IPO Price Range

    ₹ 57 to ₹ 61

  • IPO Size

    ₹ 24.74 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    09 Jan 2025

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IPO Timeline

Parmeshwar Metal IPO Subscription Status

Last Updated: 03 January 2025 6:56 PM by 5Paisa

Parmeshwar Metal IPO is set to open on 2 January 2025 and will close on 6 January 2025. Parmeshwar Metal manufactures copper wire and rods by recycling copper scrap at its Dehgam, Gujarat facility.

The IPO is an entirely fresh issue of 0.41 Cr shares aggregating to ₹24.74 Cr. The price band is set at ₹57 to ₹61 per share and the lot size is 2,000 shares. 

The allotment is scheduled to be finalised on 7 January 2025. It will go public on BSE SME, with a tentative listing date of 9 January 2025.

Beeline Capital Advisors Pvt Ltd is the book running lead manager, while Link Intime India Pvt Ltd is the registrar. 
 

Parmeshwar Metal IPO Size

Types Size
Total IPO Size ₹24.74 Cr.
Offer For Sale -
Fresh Issue ₹24.74 Cr.

 

 Parmeshwar Metal IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 114,000
Retail (Max) 1 2000 114,000
HNI (Min) 2 4000 228,000

 

 

Parmeshwar Metal IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 0.98 7,70,000 7,54,000 4.60
NII (HNI) 29.76 5,78,000 1,72,00,000 104.92
Retail 76.86 13,48,000 10,36,12,000 632.03
Total** 45.09 26,96,000 12,15,66,000 741.55

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Parmeshwar Metal IPO Anchor Allocation

Anchor Bid Date 1 January, 2025
Shares Offered 11,54,000
Anchor portion Size (In ₹ Cr.) 7.04
Anchor lock-in period end date for 50% shares (30 Days) 8 January, 2025
Anchor lock-in period end date for remaining shares (90 Days) 9 March, 2025

 

1. Setting up a new manufacturing facility at Dehgam, Gujarat.
2. Furnace renovation for copper melting.
3. To Meet Working Capital Requirements.
4. General Corporate Purpose.
 

Parmeshwar Metal Limited manufactures copper wire and rods by recycling copper scrap at its Dehgam, Gujarat facility. ISO 9001:2015 certified, the company offers 1.6 mm, 8 mm, and 12.5 mm copper wire rods. Serving industries like power cables, automotive, and transformers, it employs 89 people as of December 31, 2023. Its strengths include experienced management, customer relationships, and a diverse supplier base.

Established in: 2016
Chairman & MD: Mr.  Shantilal Kailashchandra Shah

Peers

Rajnandini Metal Ltd
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 902.27 972.71 1102.46
EBITDA 11.52 13.66 11.12
PAT 6.85 8.90 7.22
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 41.13 54.12 70.10
Share Capital 7.50 7.50 7.50
Total Borrowings 13.84 16.60 21.89
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 4.65 -2.25 1.28
Net Cash Generated From / (used in) investing activities -2.01 -1.81 -1.64
Net Cash Generated From / (used in) financing activities -0.85 1.05 2.75
Net Increase (Decrease) In Cash And Cash Equivalents 1.79 -3.01 2.39


Strengths

1. Strong experience in copper wire and rod manufacturing.
2. ISO 9001:2015 certified, ensuring product quality.
3. Tailored product offerings meet diverse customer specifications.
4. Strong customer relationships and repeat business.
5. Diverse supplier base ensures consistent raw material sourcing.
 

Risks

1. Dependence on copper scrap for raw material.
2. Limited geographic presence outside Gujarat.
3. High competition in the copper wire industry.
4. Fluctuating copper prices impact profitability.
5. Employee base of only 89 may limit scalability.
 

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FAQs

Parmeshwar Metal IPO opens from 2 January 2025 to 6 January 2025.

The size of Parmeshwar Metal IPO is ₹24.74 Cr.

The price of Parmeshwar Metal IPO is fixed at ₹57 to ₹61 per share. 

To apply for Parmeshwar Metal IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Parmeshwar Metal  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Parmeshwar Metal IPO is 2,000 shares and the investment required is ₹114,000.
 

The share allotment date of Parmeshwar Metal IPO is 7 January 2025

The Parmeshwar Metal IPO will be listed on 9 January 2025.

Beeline Capital Advisors Pvt Ltd is the book running lead manager for Parmeshwar Metal IPO.

Parmeshwar Metal plans to utilise the raised capital from the IPO for:

1. Setting up a new manufacturing facility at Dehgam, Gujarat.
2. Furnace renovation for copper melting.
3. To Meet Working Capital Requirements.
4. General Corporate Purpose.