Parmeshwar Metal Limited IPO Details – Price, Date, GMP & Analysis
Parmeshwar Metal Limited IPO Overview
Company Overview
Parmeshwar Metal Limited, incorporated in August 2016, manufactures copper wire and rods by recycling copper scrap. The manufacturing unit is located in Dehgam, Gujarat. The company is ISO 9001:2015 certified and offers a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods tailored to customer specifications. Its products serve various industries, including power cables, building wires, transformers, automotive, household cables, and bare and enamelled wires. As of December 31, 2023, the company employs a total of 89 employees.
IPO Timeline
Open Date
Thu, Jan 2, 2025
CompletedClose Date
Mon, Jan 6, 2025
CompletedAllotment
Tue, Jan 7, 2025
CompletedRefund Process
Wed, Jan 8, 2025
CompletedCredit to Demat
Wed, Jan 8, 2025
CompletedListing Date
Thu, Jan 9, 2025
CompletedSubscription Status
View Subscription DetailsSubscription data will be available when the IPO opens for bidding.
Grey Market Premium (GMP)
View GMP AnalysisFinancial Information
| 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 |
| Revenue | 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 |
IPO Details
Parmeshwar Metal IPO Details
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | January 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹61 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 40,56,000 shares (aggregating up to ₹24.74 Cr) |
| Fresh Issue | 40,56,000 shares (aggregating up to ₹24.74 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 11,54,000 (28.45%) |
| Market Maker Shares Offered | 2,06,000 (5.08%) |
| QIB 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%) |
Parmeshwar Metal IPO Timeline (Tentative Schedule)
| 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 January 6, 2025 |
Parmeshwar Metal IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,22,000 |
| Retail (Max) | 1 | 2000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Parmeshwar Metal IPO Promoter Holding
| Share Holding Pre Issue | 96.33% |
| Share Holding Post Issue | 70.81% |
Parmeshwar Metal IPO Listing Details
| January 9, 2025 |
| 544330 |
| INE0QQJ01021 |
| ₹61 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹84.50 |
| Low | ₹81.05 |
| High | ₹88.72 |
| Last Trade | ₹88.72 |
How to Apply for Parmeshwar Metal Limited IPO
To apply for the Parmeshwar Metal Limited IPO, you need a demat account with any SEBI-registered broker, PAN card, and UPI or bank account for payment.
Application Process
- Log into your broker's platform or app
- Navigate to IPO section and select Parmeshwar Metal Limited IPO
- Enter bid quantity (minimum 2000 shares)
- Choose cut-off price or enter specific price
- Make payment via UPI or ASBA
- Submit application before January 6
Required Documents
- Active demat account
- PAN card
- Bank account linked to demat
- UPI ID for payment
- Valid mobile number and email
Minimum Investment: ₹122,000(approx. based on lower price band)
Key Dates
Parmeshwar Metal Limited IPO Allotment Details
Allotment Timeline
How to Check Allotment
- • Visit registrar's official website
- • Enter PAN or application number
- • Check through broker's platform
- • Use our universal allotment tracker
Tip: Parmeshwar Metal Limited IPO allotment status will be available approximately 2-3 days after the issue closes. Successful applicants will receive shares in their demat account before listing.