Parmeshwar Metal IPO: Details, Dates, and Financial Insights
The Parmeshwar Metal IPO is set to open for subscription on January 2, 2025, and close on January 6, 2025. The company aims to raise approximately ₹24.74 crores through a Book Built Issue, comprising a fresh issue of the same amount. The price band for the IPO is ₹57 to ₹61 per share, and the shares will be listed on the BSE SME platform. Here’s a comprehensive breakdown of the Parmeshwar Metal IPO details, financials, and more.
Parmeshwar Metal IPO Summary
| Details | Information |
|---|---|
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹57 to ₹61 per share |
| Issue Size | Approx ₹24.74 crores |
| Fresh Issue | Approx ₹24.74 crores |
| Issue Type | Book Built Issue |
| Market Listing | BSE SME |
| Retail Investor Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
Market Lot Details
| Category | Lot Size | Shares | Application Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,22,000 |
| Retail Maximum | 1 | 2,000 | ₹1,22,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,44,000 |
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Allotment Date | January 7, 2025 |
| Refund Initiation | January 8, 2025 |
| Credit to Demat Account | January 8, 2025 |
| Listing Date | January 9, 2025 |
Promoters of Parmeshwar Metal IPO
The IPO is promoted by experienced individuals, including 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.
About Parmeshwar Metal
Established in 2017, Parmeshwar Metal Limited specializes in manufacturing copper wire and copper wire rods by recycling copper scrap. The company produces various copper wire rods, including 1.6 MM, 8 MM, and 12.5 MM sizes, which are widely used in applications like power cables, building wires, transformers, and automotive industries.
The company’s in-house lab ensures product quality and compliance with safety standards. Besides manufacturing, they provide tools and safety equipment, including fire safety helmets, gloves, and goggles.
In FY2023, the company reported a profit of ₹8.90 crores and revenue of ₹972.71 crores, showcasing its robust growth trajectory.
Financial Highlights
| Year | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2021 | 538.34 | 532.98 | 4.07 | 33.45 |
| 2022 | 902.27 | 892.82 | 6.85 | 41.13 |
| 2023 | 972.71 | 960.80 | 8.90 | 54.12 |
| Dec 2023 | 840.70 | 836.48 | 3.15 | 76.86 |
Valuation Metrics (FY2023)
| Metric | Value |
|---|---|
| ROE | 34.83% |
| ROCE | 27.15% |
| EBITDA Margin | 1.40% |
| PAT Margin | 0.92% |
| EPS (Basic) | ₹7.91 |
| Net Asset Value | ₹26.66 |
| Debt-to-Equity Ratio | 0.55 |
Objects of the Issue
The funds raised through the IPO will be used for:
- Setting up a new manufacturing facility at Dehgam, Gujarat, for bunched copper wire and 1.6 MM copper wire rods.
- Renovation of furnaces for copper melting.
- Meeting working capital requirements.
- General corporate purposes.
Company Address
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: Parmeshwar Metal
FAQs
- What is Parmeshwar Metal IPO?
Parmeshwar Metal IPO is an SME IPO aiming to raise ₹24.74 crores through a Book Built Issue priced at ₹57 to ₹61 per share. - When will Parmeshwar Metal IPO open and close?
The IPO opens on January 2, 2025, and closes on January 6, 2025. - What is the minimum investment required?
Investors must apply for at least 1 lot (2,000 shares) amounting to ₹1,22,000. - What is the allotment and listing date?
Allotment will be finalized on January 7, 2025, and shares will be listed on BSE SME on January 9, 2025. - How can I apply for Parmeshwar Metal IPO?
Applications can be made via ASBA through bank accounts or UPI-enabled platforms, as well as offline through stockbrokers.