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Parmeshwar Metal Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.61.00
Issue Size:
Rs.24.74 Cr
Lot Size:
2000 shares
Open Date:
January 2
Parmeshwar Metal Limited IPO Overview
Bidding Dates
January 2 - January 6
Min Investment
₹122,000
Price Range
₹61.00
Issue Size
₹24.74 Cr
IPO DRHP Doc
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
Opens
Jan 2
Closes
Jan 6
Allotment
Jan 7
Refunds
Jan 8
Shares Credit
Jan 8
Listing
Jan 9
Opens
Jan 2
Closes
Jan 6
Allotment
Jan 7
Refunds
Jan 8
Shares Credit
Jan 8
Listing
Jan 9
Subscription data will be available when the IPO opens for bidding.
Current GMP:
Rs.38
Est. Listing:
Rs.99
Est. Gain:
+62.3%
Star Rating:
★★★★★(5/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹7,010.27 Cr | ₹7,010.27 Cr | ₹5,412.42 Cr | ₹4,112.89 Cr |
| Net Worth | ₹3,720.83 Cr | ₹3,720.83 Cr | ₹2,998.9 Cr | ₹2,109.37 Cr |
| Profit After Tax | ₹721.93 Cr | ₹721.93 Cr | ₹889.53 Cr | ₹685.16 Cr |
| Reserves and Surplus | ₹2,970.83 Cr | ₹2,970.83 Cr | ₹2,248.9 Cr | ₹1,359.37 Cr |
| Revenue | ₹110,246.35 Cr | ₹110,246.35 Cr | ₹97,270.61 Cr | ₹90,227.47 Cr |
| Total Borrowing | ₹2,188.86 Cr | ₹2,188.86 Cr | ₹1,660.02 Cr | ₹1,383.71 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- 30+ years of expertise driving growth
- Long-term partnerships across industries.
- ISO-certified, stringent inspections.
- Tailored wires and rods for diverse needs.
- Sourcing copper locally and globally.
IPO Details
Parmeshwar Metal IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 40,56,000 shares (aggregating up to ₹24.74 Cr) |
| IPO Date | January 2, 2025 to January 6, 2025 |
| Issue Price | ₹61 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | January 9, 2025 |
| Lot Size | 2,000 Shares |
| Share Holding Post Issue | 1,53,06,000 shares |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Total Issue Size | 40,56,000 shares (aggregating up to ₹24.74 Cr) |
Parmeshwar Metal IPO Reservation
Share Reservation Distribution
Retail
1,348,000 shares (33.23%)
Anchor Investors
1,154,000 shares (28.45%)
QIB
770,000 shares (18.98%)
HNI (NII)
578,000 shares (14.25%)
Market Maker
206,000 shares (5.08%)
Parmeshwar Metal IPO Promoter Holding
| Share Holding Post Issue | 70.81% |
| Share Holding Pre Issue | 96.33% |
Parmeshwar Metal IPO Listing Details
| ₹61 per share |
| 544330 |
| INE0QQJ01021 |
| January 9, 2025 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| High | ₹88.72 |
| Last Trade | ₹88.72 |
| Low | ₹81.05 |
| Open | ₹84.50 |
Key Dates
Open Date:January 2
Close Date:January 6
Listing Date:January 9
