Parmeshwar Metal IPO is to open on January 2. Parmeshwar Metal is a SME IPO to raise ₹24.74 crores via IPO. The Parmeshwar Metal IPO price band is fixed at ₹57 to ₹61 with a market lot of 2000 Shares.
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 GMP Live Rates day by day with Kostak rates.
| Date | IPO GMP | GMP Trend | Kostak | Subject to |
| 2 January | ₹20 | – | ₹- | ₹30,000 |
| 1 January | ₹- | – | ₹- | ₹- |
| 31 December | ₹- | – | ₹- | ₹- |
| 30 December | ₹- | – | ₹- | ₹- |
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 Dates
| 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 |
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Disclaimer:
- IPO Grey Market Premium (Parmeshwar Metal IPO GMP) mention is valid for the specific date as mentioned in the header.
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