Parmeshwar Metal IPO Details
| 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 |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Parmeshwar Metal IPO Market Lot
The Parmeshwar Metal IPO minimum market lot is 2000 shares with ₹1,22,000 application amount.
| Application | Lot Size | Shares | 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 |
Parmeshwar Metal IPO Dates
The Parmeshwar Metal IPO date is January 2 and the close date is January 6. The Parmeshwar Metal IPO allotment will be finalized on January 7 and the IPO listing on January 9.
| IPO Open Date: | January 2, 2025 |
| IPO Close Date: | January 6, 2025 |
| Basis of Allotment: | January 7, 2025 |
| Refunds: | January 8, 2025 |
| Credit to Demat Account: | January 8, 2025 |
| IPO Listing Date: | January 9, 2025 |
Promoters of Parmeshwar Metal IPO
The promoters of the company are 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 IPO
Founded in 2017 in Dahegam, Gujarat, Parmeshwar Metal Limited specializes in manufacturing Copper wire and Copper wire rods by using the practice of recycling copper scrap. They are known to manufacture a variety of copper wire rods which are utilized in different applications such as power cables, building wires, transformers, the automotive industry, household cables as well as bare and enameled wires. Parmeshwar Metal Limited’s product portfolio consists of a wide range of copper wire rods such as 1.6 MM, 8 MM, and 12.5 MM copper wire rods, which can be crafted to fulfill our customer’s needs. Their manufacturing facility consists of an in-house lab, where they ensure their raw materials are safe and made to provide quality products to their customers. They provide tools, fire safety helmets, shoes, hand gloves, face visors, welding black goggles, and other items to give their customers safety. The business made Rs. 315.26 lakh in profit after taxes and Rs. 83920.31 lakh in operating revenue in FY2023.
Parmeshwar Metal IPO Company Financial Report
The company reported revenue of ₹972.71 crores in 2023 against ₹902.27 crore in 2022. The company reported profit of ₹8.90 crores in 2023 against Profit of ₹6.85 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 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 |
| December 2023 | ₹840.70 | ₹836.48 | ₹3.15 | ₹76.86 |
Parmeshwar Metal IPO Valuation – FY2023
Check Parmeshwar Metal IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 34.83% |
| ROCE: | 27.15% |
| EBITDA Margin: | 1.40% |
| PAT Margin: | 0.92% |
| Debt to equity ratio: | 0.55 |
| Earning Per Share (EPS): | ₹7.91 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 29.66% |
| Net Asset Value (NAV): | ₹26.66 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Rajnandini Metal Limited | 0.49 | 22.64 | 33.02% | 1.50 | 1,028.88 Cr. |
Objects of the Issue
- 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
Parmeshwar Metal IPO Review
- IPO Watch – May Apply
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Parmeshwar Metal IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
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: [email protected]
Website: https://www.parmeshwarmetal.com/
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