Parmeshwar Metal IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 02 to Jan 06 2025
Price Band
₹57 - 61
Current GMP
₹84.5(38.52%)
Subscription
607.06 times
IPO Details
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | Thursday, January 9, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹61 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 40,56,000 shares (aggregating up to ₹24.74 Cr) |
| Fresh Issue | 40,56,000 shares (aggregating up to ₹ 24.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,53,06,000 shares |
| Market Maker Portion | 2,06,000 sharesSpread X Securities Private Limited |
IPO Date
January 2, 2025 to January 6, 2025
Listing Date
Thursday, January 9, 2025
Face Value
₹10 per share
Price Band
₹57 to ₹61 per share
Lot Size
2,000 Shares
Total Issue Size
40,56,000 shares (aggregating up to ₹24.74 Cr)
Fresh Issue
40,56,000 shares (aggregating up to ₹ 24.74 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share Holding Pre Issue
1,12,50,000 shares
Share Holding Post Issue
1,53,06,000 shares
Market Maker Portion
2,06,000 sharesSpread X Securities Private Limited
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 177.32 |
| Non-Institutional Buyers*** | 1,202.79 |
| Retail Investors | 597.09 |
| Total ** | 607.06 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
177.32
Non-Institutional Buyers***
1,202.79
Retail Investors
597.09
Total **
607.06
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jan 2, 2025 | 0 | 9.65 | 23.44 | 13.79 |
| Day 2 Jan 3, 2025 | 0.98 | 29.76 | 76.86 | 45.09 |
| Day 3 Jan 6, 2025 | 177.32 | 1,202.79 | 597.09 | 607.06 |
DayDay 1
Jan 2, 2025
QIB0
NII*9.65
Retail23.44
Total13.79
DayDay 2
Jan 3, 2025
QIB0.98
NII*29.76
Retail76.86
Total45.09
DayDay 3
Jan 6, 2025
QIB177.32
NII*1,202.79
Retail597.09
Total607.06
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 09-01-2025 | 61.00 | 38(62.3%) | 99 |
| 08-01-2025 | 61.00 | 38(62.3%) | 99 |
| 07-01-2025 | 61.00 | 41(67.21%) | 102 |
| 06-01-2025 | 61.00 | 40(65.57%) | 101 |
| 05-01-2025 | 61.00 | 40(65.57%) | 101 |
| 04-01-2025 | 61.00 | 40(65.57%) | 101 |
| 03-01-2025 | 61.00 | 40(65.57%) | 101 |
| 02-01-2025 | 61.00 | 35(57.38%) | 96 |
| 01-01-2025 | 61.00 | 20(32.79%) | 81 |
| 31-12-2024 | 61.00 | 0(0%) | 61 |
| 30-12-2024 | 61.00 | 0(0%) | 61 |
Date09-01-2025
Price61.00
GMP38(62.3%)
Estimate List Price99
Date08-01-2025
Price61.00
GMP38(62.3%)
Estimate List Price99
Date07-01-2025
Price61.00
GMP41(67.21%)
Estimate List Price102
Date06-01-2025
Price61.00
GMP40(65.57%)
Estimate List Price101
Date05-01-2025
Price61.00
GMP40(65.57%)
Estimate List Price101
Date04-01-2025
Price61.00
GMP40(65.57%)
Estimate List Price101
Date03-01-2025
Price61.00
GMP40(65.57%)
Estimate List Price101
Date02-01-2025
Price61.00
GMP35(57.38%)
Estimate List Price96
Date01-01-2025
Price61.00
GMP20(32.79%)
Estimate List Price81
Date31-12-2024
Price61.00
GMP0(0%)
Estimate List Price61
Date30-12-2024
Price61.00
GMP0(0%)
Estimate List Price61
IPO Important Dates
| IPO Open Date | Thursday, January 2, 2025 |
| IPO Close Date | Monday, January 6, 2025 |
| Basis of Allotment | 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 6, 2025 |
IPO Open Date
Thursday, January 2, 2025
IPO Close Date
Monday, January 6, 2025
Basis of Allotment
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
Cut-off time for UPI mandate confirmation
5 PM on January 6, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,22,000 |
| Retail (Max) | 1 | 2000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹1,22,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹1,22,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹2,44,000
Financial Information
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 6,732.67 | 7,010.27 | 5,412.42 |
| Revenue | 75,730.83 | 1,10,246.35 | 97,270.61 |
| Profit After Tax | 570.29 | 721.93 | 889.53 |
| Net Worth | 4,291.13 | 3,720.83 | 2,998.9 |
| Reserves and Surplus | 3,166.13 | 2,970.83 | 2,248.9 |
| Total Borrowing | 1,468.99 | 2,188.86 | 1,660.02 |
Period EndedPeriod Ended
31 Oct 202431 Oct 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Oct 20246,732.67
31 Mar 20247,010.27
31 Mar 20235,412.42
Period EndedRevenue
31 Oct 202475,730.83
31 Mar 20241,10,246.35
31 Mar 202397,270.61
Period EndedProfit After Tax
31 Oct 2024570.29
31 Mar 2024721.93
31 Mar 2023889.53
Period EndedNet Worth
31 Oct 20244,291.13
31 Mar 20243,720.83
31 Mar 20232,998.9
Period EndedReserves and Surplus
31 Oct 20243,166.13
31 Mar 20242,970.83
31 Mar 20232,248.9
Period EndedTotal Borrowing
31 Oct 20241,468.99
31 Mar 20242,188.86
31 Mar 20231,660.02
IPO Reservation
| Anchor Investor Shares Offered | 11,54,000 (28.45%) |
| Market Maker Shares Offered | 2,06,000 (5.08%) |
| QIB Shares Offered | 7,70,000 (18.98%) |
| NII (HNI) Shares Offered | 5,78,000 (14.25%) |
| Retail Shares Offered | 13,48,000 (33.23%) |
| Total Shares Offered | 40,56,000 (100%) |
Anchor Investor Shares Offered
11,54,000 (28.45%)
Market Maker Shares Offered
2,06,000 (5.08%)
QIB Shares Offered
7,70,000 (18.98%)
NII (HNI) Shares Offered
5,78,000 (14.25%)
Retail Shares Offered
13,48,000 (33.23%)
Total Shares Offered
40,56,000 (100%)
Information about company
Incorporated in August 2016, Parmeshwar Metal Limited manufactures copper wire and rods by recycling copper scrap. The company's manufacturing unit is situated in Dehgam, Gujarat.
The company is an ISO 9001:2015 certified business offering a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each tailored to meet customer specifications.
The company's products are used in various industries such as power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires.
As of December 31, 2023 the company employees a total 89 Employees.
Competitive Strength
Experienced Promoter and Management Team
Strong relationship with customers
Customized Product Offering
Strong and diversified supplier base for sourcing raw materials
Objectives of IPO
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
Disclaimer
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