January 9, 2025
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Parmeshwar Metal listing Review
The shares of this IPO are listed at Rs 84.50 premium of 38.52% over the issue price. The listing is below the expectations of the grey market, which anticipated the listing at Rs. 99.
Parmeshwar Metal IPO allotment Link
Rs. 44
Subscription status of Parmeshwar Metal IPO
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Parmeshwar Metal Limited IPO Price Rs. 61 Lot 2000 shares, Rs. 24.74 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 177.32 | 1202.83 | 597.09 | 607.07 | 6,58,634 |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Parmeshwar Metal IPO?
Parmeshwar Metal Limited, established in August 2016, specializes in manufacturing copper wire and rods through the recycling of copper scrap. The company’s manufacturing facility is located in Dehgam, Gujarat.
Certified with ISO 9001:2015, Parmeshwar Metal Limited offers a diverse range of products, including 1.6 mm, 8 mm, and 12.5 mm copper wire rods, all customized to meet specific customer requirements.
The company’s products are widely used across various sectors, including power cables, building wires, transformers, the automotive industry, household cables, as well as bare and enamelled wires.
As of December 31, 2023, the company employs a total of 89 staff members.
Get more information about the company @ https://www.parmeshwarmetal.com/
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Parmeshwar Metal IPO Details |
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| IPO opens on | 2 January 2025 |
| IPO closes on | 6 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4056,000 Shares / Rs 24.74 Crore |
| * Fresh Issue | 4056,000 Shares / Rs 24.74 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 206,000 Shares |
| Net offer to Public | 3850000 Shares/ Rs.23.49 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 57-61 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1925000 | 11.75 |
| HNI (15%) | 577500 | 3.52 |
| RII (35%) | 1347500 | 8.22 |
| Total Shares | 3850000 | 23.49 |
| Retail portion will be oversubscribed by |
674 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.122000 |
| Min HNI Application | 4000 Shares | Rs. 244000 |
Who are the Promoters of Parmeshwar Metal?
The Promoters of the company are Mr Shantilal Kailashchandra Shah, Mr Suchitkumar Maheshbhai Patel, Mr Piyush Giriraj Shah, Mr Radheshayam Jankilal Shah, Mr Parth Maheshbhai Patel, Mr Pratik Radheshyam Shah and Mrs Kailashben Radheshyam Shah.
What are the Objects of Parmeshwar Metal IPO?
The Offer comprises of fresh issue of shares.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 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
Tentative timetable |
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| IPO opens on | 2 January 2024 |
| IPO Closes on | 6 January 2025 |
| IPO Allotment on | 7 January 2025 |
| Refund Initiation | 8 January 2025 |
| Credit of Shares | 8 January 2025 |
| Listing on | 9 January 2025 |
| Registered Office of the Company 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 |
| Who is the Lead Manager of this IPO? Beeline Capital Advisors Pvt ltd |
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Who is the Registrar to IPO? |
Parmeshwar Metal IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Parmeshwar Metal IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 902.27 | 6.85 | 6.09 | 32.48 |
| 2022-23 | 972.71 | 8.90 | 7.91 | 29.66 |
| 2023-24 9M | 840.70 | 3.15 | 9.51 | |
| Book Value of the Share on 31.12.2023 |
26.61 | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 61 | ||
Key Performance
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| Price/EPS of 23-24 | 4.81 |
| Price/BV Ratio | 2.29 |
| Debt/Equity Ratio | ? |
How Parmeshwar Metal IPO compares with the Peers?
| As on date of RHP | FV | PBV | PE |
| Rs. | Ratio | Ratio of | |
| Parmeshwar Metal | 10 | 4.81 | |
| Rajnandini Metal | 1 | 22.64 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Parmeshwar Metal IPO Review by Paresh Gordhandas, CA & Research Analyst.
Parmeshwar Metal Limited, founded in August 2016, specializes in the production of copper wire and rods through the recycling of copper scrap. The company’s manufacturing facility is located in Dehgam, Gujarat.
Certified with ISO 9001:2015, Parmeshwar Metal Limited offers a wide range of products, including 1.6 mm, 8 mm, and 12.5 mm copper wire rods, all customized to meet specific customer requirements. The plant has demonstrated high capacity utilization and strong profitability over the past three years.
To further expand its operations and establish a new plant, the company is launching an IPO. The shares in this IPO are offered at an attractive valuation, providing significant potential for listing gains and long-term returns. Beeline Capital Services, the lead manager for this IPO, has a proven track record of successful listings.
+ from fundamental angle: Apply
+ from grey market angle:
Quicklinks
Parmeshwar Metal IPO GMP today allotment, review?
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