Parmeshwar Metal IPO Date, Review, Price, Allotment Details
Aditya | January 27, 2025
Parmeshwar Metal IPO opens on January 2, 2025, and closes on January 6, 2025. This is a Book Built Issue IPO. The company aims to raise ₹24.74 crores through the IPO, which consists of a fresh issue of ₹24.74 crores. The IPO price band is ₹57 to ₹61 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. The IPO is set to list on BSE on January 9, 2025. The allotment date for the IPO is January 7, 2025. The company reported a revenue of ₹1,102.46 crores in 2024 compared to ₹972.71 crores in 2023. Parmeshwar Metal posted a profit of ₹7.22 crores in 2024, down from ₹8.90 crores in 2023. As per the financials, this IPO is recommended for long-term investments.
Parmeshwar Metal IPO Details
Field
Value
ipo title
Parmeshwar Metal BSE SME
status
Listed
gain percentage
38.52%
subscription
607.07x
price
61
gmp
38
est listing
99 (62.3%)
ipo size
₹ 24.74 Cr
Parmeshwar Metal IPO Dates
Field
Value
lot
2,000
open
02-Jan
close
06-Jan
boa dt
07-Jan
listing
09-Jan
Parmeshwar Metal IPO Financial Report
In 2024, Parmeshwar Metal reported a revenue of ₹1,102.46 crores compared to ₹972.71 crores in 2023. The company's profit reduced to ₹7.22 crores in 2024, down from ₹8.90 crores in 2023.
Financial Year
2021
2022
2023
2024
Revenue
₹538.34
₹902.27
₹972.71
₹1,102.46
Expense
₹532.98
₹892.82
₹960.80
₹1,092.51
Profit
₹4.07
₹6.85
₹8.90
₹7.22
Total Assets
₹33.45
₹41.13
₹54.12
₹70.10
About Parmeshwar Metal IPO
Parmeshwar Metal Limited, founded in 2017 in Dahegam, Gujarat, specializes in manufacturing copper wire and copper wire rods by recycling copper scrap. They produce various copper wire rods for applications in power cables, building wires, transformers, the automotive industry, household cables, and enameled wires. Their product portfolio includes copper wire rods in sizes like 1.6 MM, 8 MM, and 12.5 MM. The company operates an in-house lab for product quality assurance and offers protective equipment to ensure customer safety.
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: cs@parmeshwarmetal.com
Website: https://www.parmeshwarmetal.com/
Parmeshwar Metal IPO FAQs
What is Parmeshwar Metal IPO?
Parmeshwar Metal IPO is an SME IPO aimed at raising ₹24.74 Crores at a price band of ₹57 to ₹61 per share. The IPO will be listed on BSE.
When will Parmeshwar Metal IPO open for subscription?
The IPO will open on January 2, 2025, and close on January 6, 2025.
What is Parmeshwar Metal IPO Investors' Portion?
The allocation is 50% for QIB, 35% for retail investors, and 15% for HNIs.
How to apply for Parmeshwar Metal IPO?
You can apply for Parmeshwar Metal IPO via ASBA online using your bank account or UPI through your stock brokers. Offline applications via brokers are also available.
What is Parmeshwar Metal IPO Issue Size?
The issue size is ₹24.74 crores.
What is Parmeshwar Metal IPO Price Band?
The price band is ₹57 to ₹61.
What is Parmeshwar Metal IPO Lot Size?
The minimum bid size is 2000 shares, requiring an investment of ₹1,22,000.
What is the Parmeshwar Metal IPO Allotment Date?
The allotment date is January 7, 2025.
What is the Parmeshwar Metal IPO Listing Date?
The IPO will be listed on January 9, 2025, on BSE.
About GMPSHARE
Gmpshare Pvt. Ltd.
4-158/9 5th Cross Road, Sainikpuri, Secunderabad - 500094, TS, IND
