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.
Parmeshwar Metal IPO – Details
| IPO Opening Date | 02 January 2025 |
| IPO Closing Date | 06 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 40,56,000 Shares Worth ₹24.74 Crore Fresh Issue: 40,56,000 Shares Worth ₹24.74 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹57 – ₹61 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| Other Shares Offered | 15% |
Parmeshwar Metal IPO – Date Schedule
| IPO Open Date | 02 January 2025 |
| IPO Close Date | 06 January 2025 |
| Basis of Allotment | 07 January 2025 |
| Initiation of Refund | 08 January 2025 |
| Credit of Shares to Demat Account | 08 January 2025 |
| IPO Listing Date | 09 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 06, 2025 |
Parmeshwar Metal IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,22,000 |
| Retail (Max) | 1 | 2000 | ₹1,22,000 |
| HNI (Min) | 2 | 4000 | ₹2,44,000 |
Competitive Strengths
- Experienced Promoter and Management Team.
- Strong relationship with customers.
- Customized Product Offering.
- Strong and diversified supplier base for sourcing raw materials.
Company Promoters
- Mr Shantilal Kailashchandra Shah
- Mr Suchitkumar Maheshbhai Patel
- Mr Piyush Giriraj Shah
- Mr Radheshayam Jankilal Shah
- Mr Parth Maheshbhai Patel
- Mr Pratik Radheshyam Shah
- Mrs Kailashben Radheshyam Shah
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 538.33 | 532.97 | 4.06 | 12.06 |
| 31 March 2022 | 902.27 | 892.81 | 6.85 | 13.83 |
| 31 March 2023 | 972.70 | 960.79 | 8.89 | 16.60 |
| 31 December 2023 | 840.69 | 836.47 | 3.15 | 32.81 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | – |
| RoNW | – |
| PAT Margin | – |
| Pre IPO | Post IPO | |
| EPS (Rs) | 7.91 | 2.75 |
| P/E (x) | 7.71 | 22.21 |
Object Of The Issue
- 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.
Parmeshwar Metal IPO Promoter Holding
| Pre Issue Share Holding | 96.33% |
| Post Issue Share Holding | – |
Parmeshwar Metal IPO Prospectus
- Parmeshwar Metal IPO DRHP
- Parmeshwar Metal IPO RHP
Company Contact Information
| 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/ |
Parmeshwar Metal IPO Registrar
| Link Intime India Private 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 Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Parmeshwar Metal IPO FAQs
| What is Parmeshwar Metal IPO? Parmeshwar Metal IPO is an SME IPO. The issue is priced at ₹57 – ₹61 per equity share. The IPO is to be listed on BSE SME. |
| When Parmeshwar Metal IPO will open? The IPO is to open on 02 January 2025 for QIB, NII, and Retail Investors. |
| What is Parmeshwar Metal IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, and NII – 15%. |
| How to Apply the Parmeshwar Metal IPO? You can apply Parmeshwar Metal IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Parmeshwar Metal IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Parmeshwar Metal IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Parmeshwar Metal IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Parmeshwar Metal IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Parmeshwar Metal IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Parmeshwar Metal IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Parmeshwar Metal IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Parmeshwar Metal IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Parmeshwar Metal IPO Size? Parmeshwar Metal IPO size is ₹24.74 Crore. |
| What is Parmeshwar Metal IPO Price Band? Parmeshwar Metal IPO Price Band is ₹57 – ₹61. |
| What is Parmeshwar Metal IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2,000 Shares with ₹1,22,000 amount while the maximum bid is 2,000 Shares with ₹1,22,000. |
| What is the Parmeshwar Metal IPO Allotment Date? Parmeshwar Metal IPO allotment date is 07 January 2025. |
| What is the Parmeshwar Metal IPO Listing Date? Parmeshwar Metal IPO listing date is 09 January 2025. The IPO is to be listed on BSE SME. |
