The Parmeshwar Metal IPO minimum market lot is 2,000 shares with ₹1,22,000 application amount. The Parmeshwar Metal IPO is a SME IPO, and it is to be listed on BSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Parmeshwar Metal IPO Subscription Status – Day 2
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.98 | 0.00 |
| NII | 19.19 | 29.76 | 0.00 |
| RII | 54.19 | 76.86 | 0.00 |
| Total | 31.21 | 45.09 | 0.00 |
Parmeshwar Metal IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Parmeshwar Metal IPO Review and Rating
- May Apply
Parmeshwar Metal IPO Form
How to apply for the Parmeshwar Metal IPO? You can apply for Parmeshwar Metal IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Parmeshwar Metal IPO in the Invest section. The other option is you can apply for Parmeshwar Metal IPO via IPO forms downloaded online. Check out the Parmeshwar Metal forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
