Parmeshwar Metal IPO Details
The key details of Parmeshwar Metal’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹24.74 Cr |
| Price Range | ₹57 - ₹61 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹1,22,000 |
| Pre IPO Promotor Holding | 96.33% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Parmeshwar Metal IPO Timelines
The IPO process for Parmeshwar Metal includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
02/01/2025
Start Date06/01/2025
End Date08/01/2025
Refund Initiation08/01/2025
Credit of Shares to Demat Ac09/01/2025
Listing DateParmeshwar Metal IPO Lot Size
The Parmeshwar Metal IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹61 per share, requiring ₹122,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹244,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,22,000 |
| Retail Maximum | 1 | 2000 | ₹1,22,000 |
| HNI Minimum | 2 | 4000 | ₹2,44,000 |
Parmeshwar Metal IPO Subscription Status
The subscription status for Parmeshwar Metal IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 177.32x | 1,202.83x | 597.09x | -- | 607.07x |
IPO Performance on Listing Day
On the listing day (January 9, 2025), Parmeshwar Metal made a remarkable debut on the stock exchange. The stock opened at ₹84.50, delivering a strong premium of 38.5% over its issue price of ₹61. Throughout the trading session, the stock maintained bullish momentum, reaching a high of ₹88.72 while staying well supported above ₹81.05. The shares concluded their first trading day at ₹88.72, securing an impressive gain of 45.4% over the issue price, demonstrating robust investor confidence in this metal sector player.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹84.50 | ₹88.72 | ₹88.72 | ₹81.05 |
Parmeshwar Metal IPO Company Financials
Parmeshwar Metal reports robust performance in FY2023 with Total Income of ₹972.71 crores, managing expenses at ₹960.80 crores, and achieving a strong PAT (Profit After Tax) of ₹8.90 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹538.34 | ₹532.98 | ₹4.07 |
| FY 2022 | ₹902.27 | ₹892.82 | ₹6.85 |
| FY 2023 | ₹972.71 | ₹960.80 | ₹8.90 |
| FY 2024 (9 M) | ₹840.70 | ₹836.48 | ₹3.15 |
About Company
Parmeshwar Metal Limited, established in August 2016, specializes in manufacturing copper wire and rods by recycling copper scrap at its facility in Dehgam, Gujarat. The company is ISO 9001:2015 certified, ensuring high-quality production standards. It offers a diverse range of copper wire rods, including 1.6 mm, 8 mm, and 12.5 mm variants, customized to meet specific customer requirements.
The company’s products serve a wide range of industries, including power cables, building wires, transformers, automotive applications, household cables, and both bare and enamelled wires. As of December 31, 2023, Parmeshwar Metal Limited employs a workforce of 89 people, contributing to its operations and growth in the copper manufacturing sector.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2016 | Metal - Non Ferrous | Shantilal Kailashchandra Shah |
Know Before Investing
Parmeshwar Metal IPO Strengths
- The company caters to various industries, including power cables, building wires, and automotive sectors, enhancing market reach.
- Parmeshwar Metal is led by a knowledgeable management team with significant industry experience, which supports strategic growth.
- The company has demonstrated consistent revenue growth, increasing from ₹902.27 crore in 2022 to ₹972.71 crore in 2023.
- Established relationships with customers contribute to repeat business and a stable revenue stream.
- Funds from the IPO will be utilized for setting up a new manufacturing facility and enhancing production capabilities, positioning the company for future growth.
Parmeshwar Metal IPO Risks
- The company reported a decrease in revenue from ₹972.71 crore in FY23 to ₹840.70 crore in December 2023, indicating potential financial instability.
- With a PAT margin of only 0.92%, the company’s profitability is vulnerable to fluctuations in costs and market conditions.
- A debt-to-equity ratio of 0.55 suggests Dependence on debt financing, which could pose risks during economic downturns.
- Revenue concentration among a limited number of clients may expose the company to risks if any major contracts are lost.
- Operating in a competitive metals market may pressure pricing and profit margins, impacting overall financial performance.
Swot Analysis for Parmeshwar Metal IPO
Strengths
Established Manufacturing, Strong Growth Potential, Recycling Focus, Diverse Client Base
Weaknesses
Limited Brand Recognition, Dependence on Specific Markets, Financial Performance Concerns
Opportunities
Growing Demand for Copper Products, Expansion Opportunities, Government Initiatives
Threats
Intense Competition, Economic Volatility, Regulatory Compliance Risks
Company Details
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/
IPO Registar Details
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
FAQs
The key objectives of Parmeshwar Metal IPO are:
- Setting up a new manufacturing facility in Dehgam, Gujarat for bunched copper wire and 1.6 mm copper wire rod production.
- Renovation of furnace for copper melting.
- Working capital requirements.
- General corporate purposes.
Beeline Capital Advisors Pvt Ltd is the book-running lead managers for the Parmeshwar Metal IPO.