Parmeshwar Metal IPO is a book-built issue amounting to ₹24.74 crores. The offering consists entirely of a fresh issue of 40.56 lakh shares.
The IPO will open for subscription on January 2, 2025, and close on January 6, 2025. The allotment of shares is expected to be finalized on Tuesday, January 7, 2025. The IPO is scheduled to list on the BSE SME platform, with a tentative listing date of Thursday, January 9, 2025.
Parmeshwar Metal Limited operates in the manufacturing sector, specifically focusing on the production of copper wires and copper wire rods. They recycle copper scrap to manufacture these products, which are used in various applications such as power cables, building wires, transformers, automotive sector, household cables, and more.
The price band for Parmeshwar Metal IPO is set between ₹57 and ₹61 per share. Retail investors must apply for a minimum lot size of 2,000 shares, requiring a minimum investment of ₹1,22,000. High Net-worth Individuals (HNIs) need to invest in at least two lots (4,000 shares), amounting to ₹2,44,000.
Beeline Capital Advisors Pvt Ltd serves as the book-running lead manager for the issue, while Link Intime India Private Ltd is the registrar. Spread X Securities Private Limited is the market maker for the Parmeshwar Metal IPO.
Parmeshwar Metal IPO Details:
| Company Name | Parmeshwar Metal Limited |
| Sector | Manufacturing |
| IPO Type | SME |
| IPO Open date | 02nd Jan 2025 |
| IPO Close date | 06th Jan 2025 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Parmeshwar Metal IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,22,000 |
| HNI (Min) | 2 | 4000 | 2,44,000 |
Parmeshwar Metal IPO Timeline:
| IPO Open Date | 02nd Jan 2025 |
| IPO Close Date | 06th Jan 2025 |
| Basis of Allotment | 07th Jan 2025 |
| Refund Initiation Date | 08th Jan 2025 |
| Shares Credit to Demat | 08th Jan 2025 |
| Listing Date | 09th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Parmeshwar Metal’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Parmeshwar Metal and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
