The Parmeshwar Metal IPO offers investors an opportunity to participate in a public issue of shares through an easy online application process. To apply, investors need to log in to their trading accounts via a web platform or mobile app and navigate to the IPO section. The application process involves entering the bid details, selecting the price band, and providing UPI-based payment authorization. Ensuring accurate information and completing all steps is crucial for a successful application.
For step-by-step instructions on the process and additional details about the IPO, visit the official Parmeshwar Metal IPO page on the Bajaj Broking website.
Parmeshwar Metal IPO Application Process
The process for applying to the Parmeshwar Metal IPO is straightforward and can be completed in a few steps using your Bajaj Broking trading platform. Follow these steps carefully to ensure your application is successfully submitted.
Step 1: Login to Your Trading Platform
Log in to your Bajaj Broking account through the official website or mobile application. Ensure your credentials are secure and accurate.
Step 2: Navigate to the IPO Section
Once logged in, locate and click on the IPO section, which displays all the currently active and upcoming IPOs available for application.
Step 3: Select the Open IPO and Click Apply
Search for "Parmeshwar Metal IPO" in the list of active IPOs. Click on the ‘Apply’ button to proceed with your application.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Input the number of lots you wish to apply for, keeping in mind the minimum lot size is 2000 shares. Ensure you calculate your investment amount based on the price band.
Step 5: Provide Your UPI ID
Enter your UPI ID linked to a valid bank account. Make sure sufficient funds are available in the account to cover the investment.
Step 6: Confirm the Application
Review all the entered details carefully, including the quantity, price band, and UPI ID. Submit your application after verifying the details.
Step 7: Complete the Process and Wait for Allotment
Approve the UPI mandate through your payment app to complete the application process. After submission, await the allotment announcement as per the IPO timeline.
How to Check Parmeshwar Metal IPO Allotment Status?
Checking the allotment status of your Parmeshwar Metal IPO application can be done through multiple channels, including the registrar's website, stock exchange platforms, and Bajaj Broking’s platform. Below are the steps for each method:
Step 1: Visit the Official Website of the IPO's Registrar
Go to the website of Link Intime India Private Ltd, the registrar for Parmeshwar Metal IPO.
Step 2: Navigate to the IPO Allotment Status Page
Find the IPO allotment status section, which lists active IPOs for allotment inquiries.
Step 3: Enter Your PAN Number, Demat ID, or Application Number
Provide one of the required details to locate your allotment status. Ensure accuracy while entering the details.
Step 4: Click on 'Submit' or 'Check Status'
Submit the information to display the allotment status.
Step 5: Alternative Check on Stock Exchange Websites
Visit the official websites of BSE or NSE to check your allotment status. Follow similar steps by providing your PAN, application number, or Demat ID.
Step 6: Check via Bajaj Broking Website
Log in to Bajaj Broking’s platform and access the IPO section. Navigate to the IPO Allotment Status page for updates on your application.
About Parmeshwar Metal IPO: Overview and Key Facts
Parmeshwar Metal Limited, incorporated in 2016, focuses on the manufacturing of copper wire rods by recycling copper scrap. The company’s operations are based in Gujarat, and its products cater to industries such as power cables, automotive wiring, and household construction. Its offerings include a variety of wire rods tailored to meet specific customer needs.
The IPO consists of a fresh issue worth ₹24.74 crores, with a price band set between ₹57 and ₹61 per share. Investors can apply for a minimum lot size of 2000 shares, making the minimum investment approximately ₹1,22,000. The IPO opens on January 2, 2025, and closes on January 6, 2025.
The company plans to utilize the proceeds from the IPO for setting up a new manufacturing facility, upgrading existing infrastructure, and meeting working capital requirements. The allotment of shares is scheduled for January 7, 2025, with shares being credited to Demat accounts on January 8, 2025.
Investors can check their allotment results on the registrar’s platform or through the Bajaj Broking website. For more details, visit the Parmeshwar Metal IPO Allotment Status page.