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Parmeshwar Metal IPO: Things Smart Investors Need to Know 

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Parmeshwar Metal Limited, incorporated in August 2016, focuses on manufacturing copper wires and rods by recycling copper scrap. The company's operations are based in Dehgam, Gujarat, and it holds an ISO 9001:2015 certification. Its product offerings, including 1.6 mm, 8 mm, and 12.5 mm copper wire rods, cater to industries like power cables, automotive manufacturing, and household wiring.

The company works with a diversified raw material sourcing base and delivers tailored solutions to meet specific customer needs. It has a production team of 89 employees and maintains a product range designed to serve different industrial applications.

For further details, visit the official Parmeshwar Metal IPO page.

Parmeshwar Metal IPO Details and Objectives

IPO Details:

Particulars

Details

IPO Date

January 2, 2025 - January 6, 2025

Listing Date

January 9, 2025

Price Band

₹57 to ₹61 per share

Lot Size

2,000 Shares

Total Issue Size

₹24.74 Crores (40.56 lakh shares)

Type of Issue

Book Built Issue

Listing Exchange

BSE SME

Purpose of the IPO

  • Establishing a manufacturing unit for bunched copper wire and copper wire rods.
  • Upgrading furnace facilities for copper melting.
  • Meeting working capital requirements.
  • General corporate expenses.

Timeline of Parmeshwar Metal IPO

Event

Date

IPO Open Date

Thursday, January 2, 2025

IPO Close Date

Monday, January 6, 2025

Basis of Allotment Finalization

Tuesday, January 7, 2025

Initiation of Refunds

Wednesday, January 8, 2025

Credit of Shares to Demat

Wednesday, January 8, 2025

Listing Date

Thursday, January 9, 2025

UPI Mandate Confirmation Deadline

5 PM, January 6, 2025

Pricing & Lot Size of Parmeshwar Metal IPO

Price Band for the IPO

  • ₹57 to ₹61 per share.

Minimum Lot Size and Application Details

  • Retail Investors: Minimum 1 lot (2,000 shares) = ₹1,22,000.
  • HNI Investors: Minimum 2 lots (4,000 shares) = ₹2,44,000.

How to Apply for the Parmeshwar Metal IPO?

Online Application Process

  • Log in to Your Trading Account

    Access your trading account via the web platform or mobile app.

  • Navigate to the IPO Section

    Go to the IPO section to view active public issues.

  • Select Parmeshwar Metal IPO

    Locate "Parmeshwar Metal IPO" and click on the ‘Apply’ button.

  • Enter Application Details

    Specify the number of lots (minimum lot size: 2000 shares). Confirm the price between ₹57 and ₹61 per share.

  • Provide Your UPI ID

     

    Enter your UPI ID for payment authorization. Ensure sufficient funds are available in your linked account.

  • Review and Submit

    Verify all application details carefully before submission. Approve the UPI mandate before 5 PM on January 6, 2025.

Financial Health and Performance

Key Financial Metrics

  • Revenue: ₹75,730.83 lakhs (as of Oct 31, 2024).
  • Profit After Tax: ₹570.29 lakhs (as of Oct 31, 2024).
  • Debt-to-Equity Ratio: 0.59.

Recent Performance

  • Recorded a 13% increase in revenue from FY23 to FY24.
  • Net profit showed a decline due to fluctuating copper prices.

Investment Risks and Opportunities

Potential Risks

  • Dependency on raw material price variations.
  • Operating in a competitive and low-margin industry segment.

Opportunities

  • Demand for copper-based products in various industrial applications.
  • Potential for increased capacity utilization with planned facility expansion.

Key Performance Indicator (KPI)

KPI

Values

ROE

21.49%

ROCE

17.51%

Debt/Equity

0.59

PAT Margin

0.66%

Price to Book Value

1.84

Parmeshwar Metal IPO Registrar & Lead Managers

Role

Name

Registrar

Link Intime India Private Ltd

Lead Manager

Beeline Capital Advisors Pvt Ltd

Market Maker

Spread X Securities Private Limited

Company Address of Parmeshwar Metal Ltd

Address:
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

Conclusion

Parmeshwar Metal IPO presents an opportunity to invest in a growing copper manufacturing company with a strong track record and competitive advantages. While the sector poses risks due to price fluctuations, the company's strategic initiatives and market positioning offer promising growth prospects.

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Parmeshwar Metal IPO.  

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

Who is the CEO of Parmeshwar Metal Ltd?

Answer Field

The CEO of Parmeshwar Metal Ltd is Mr. Shantilal Kailashchandra Shah. He leads the company with extensive experience in the manufacturing and recycling of copper products, driving its growth in the copper industry.

When will the Parmeshwar Metal IPO open for subscription?

Answer Field

The Parmeshwar Metal IPO will open for subscription on January 2, 2025, and close on January 6, 2025. Investors can apply through their trading accounts during this period.

What is the company’s core business, and how sustainable is its business model in the long term?

Answer Field

Parmeshwar Metal Ltd specializes in manufacturing copper wire rods by recycling copper scrap. Its sustainable model focuses on recycling, ensuring resource optimization, and serving industries like automotive and power cables.

What is the issue size of the Parmeshwar Metal IPO?

Answer Field

The total issue size of the Parmeshwar Metal IPO is ₹24.74 crores, comprising 40.56 lakh equity shares offered as a fresh issue.

What is pre-apply for the Parmeshwar Metal IPO?

Answer Field

'Pre-apply' allows investors to place their IPO application in advance before the IPO opens. It ensures a hassle-free experience when bidding for the Parmeshwar Metal IPO.

When will I know if my Parmeshwar Metal IPO order is placed?

Answer Field

Once you submit your application and approve the UPI mandate, your Parmeshwar Metal IPO order status will be updated immediately in your trading account.

What is the lot size and minimum order quantity of the Parmeshwar Metal IPO?

Answer Field

The lot size for the Parmeshwar Metal IPO is 2000 shares. Retail investors need to apply for a minimum of one lot, amounting to ₹1,22,000 at the upper price band.

What is the allotment date for the Parmeshwar Metal IPO?

Answer Field

The allotment date for the Parmeshwar Metal IPO is January 7, 2025. Investors can check their allotment status online on the registrar’s website.

Who is the registrar of Parmeshwar Metal IPO?

Answer Field

Link Intime India Private Ltd is the registrar for the Parmeshwar Metal IPO. They handle the allotment process and investor communications.

Are there any governance issues or red flags in the company’s leadership or board structure?

Answer Field

There are no publicly known governance issues or red flags reported regarding Parmeshwar Metal Ltd’s leadership or board structure as of now. Investors should review the RHP for detailed governance information.

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