Parmeshwar Metal IPO GMP Live, Open Date, Close Date, Price Band

Parmeshwar Metal IPO open date is from January 2, 2025 to January 6, 2025. This new IPO is a fixed price issue worth up to Rs 24.74 crores of equity shares. This upcoming IPO is offering entirely a fresh issue of up to 40.56 lakh equity shares.

Parmeshwar Metal IPO price band is Rs 57 – Rs 61 per share. As of now, Parmeshwar Metal IPO live GMP is at 0, indicating neutral sentiment among investors for this IPO.

Parmeshwar Metal IPO lot size is 2000 shares, and the allotment status is finalised on Tuesday, January 7, 2025. The minimum investment for retail investors is 1 lot, which is Rs 1,22,000. The registrar for Parmeshwar Metal IPO is Link Intime India Private Limited. The listing date is Thursday, January 9, 2025.

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Parmeshwar Metal IPO GMP Live

Parmeshwar Metal IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 61 per share. You can check the latest IPO Grey Market Premium today online.

If the subscription is oversubscribed, then Parmeshwar Metal IPO GMP might rise in the coming days. Parmeshwar Metal IPO GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 10% to 15% or above, then the possibility of the oversubscription increases.

However, if the Live IPO GMP quotes is below 10% premium, then most investors tend to lose interest in applying in the IPO and the probability of the under-subscription increases. Here, in Parmeshwar Metal IPO GMP is expected to quote the initial ticks at the 10% or above premium.

Parmeshwar Metal IPO Price Band

Parmeshwar Metal IPO price band is Rs 57 – Rs 61 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,22,000 (61 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,44,000 (61 x 4000 shares).

Parmeshwar Metal Allotment Status

Parmeshwar Metal IPO Allotment status will be available on its registrar Link Intime India Private Limited website on Tuesday, January 7, 2025, once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

Parmeshwar Metal Listing Date

Parmeshwar Metal IPO listing date has been decided on Thursday, January 9, 2025. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Parmeshwar Metal IPO: Listing Date, Lot Size, Issue Size, Price Band

Parmeshwar Metal IPO: About the Company

Parmeshwar Metal Limited incorporated in 2017 at Dahegam, Gujarat, is a one of a key manufacturer of copper wire rods and wires. The company specialises in recycling copper scrap to produce high-quality products for various industries, including power cables, automotive, and building wires.

The company holds an ISO 9001:2015 certification. The firm has developed a world-class integrated production facility that enables it to meet the demands of customers across India efficiently.

As it continues to expand, Parmeshwar Metal remains committed to fostering strong relationships with clients and suppliers while overcoming market challenges effectively. Its growth trajectory positions it as a key player in the metal manufacturing sector.

Parmeshwar Metal IPO Objectives

Parmeshwar Metal IPO objectives include utilising the funding received from the fresh issue for various objectives, including setting up a new manufacturing facility for manufacturing of Bunched copper wire and 1.6 MM copper wire rod at Dehgam Gujrat to meet working capital requirements and general corporate purposes, and furnace renovation for copper melting.

Parmeshwar Metal IPO: Key Dates, Allotment, Listing Date

Parmeshwar Metal IPO Subscription status, IPO Reservation

Parmeshwar Metal IPO subscription reservations are as follows: not more than 50% of the net issue is reserved for QIB (Qualified Institutional Buyers), not less than 35% for the retail investors and not more than 15% for the HNI category is reserved.

Parmeshwar Metal IPO Lot Size Details

Parmeshwar Metal IPO lot size is set at 2000 shares per lot. The minimum funds required for retail investors to participate in this IPO is Rs 1,22,000 (61 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,44,000 (61 x 4000 shares).

Parmeshwar Metal IPO Promoter Holdings

Parmeshwar Metal IPO promoters 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. The promoter's combined shareholdings before the IPO were 96.33%, however post-IPO, their shareholdings will decline to 70.81%.

Parmeshwar Metal Limited Financials (Amt in Lakhs)

Lead Manager and Registrar of Parmeshwar Metal IPO

Parmeshwar Metal, IPO lead manager, is Beeline Capital Advisors Private Limited. The company has appointed Link Intime India Private Limited as the registrar for this public issue.

How to apply to the Parmeshwar Metal IPO

Interested investors who want to apply to the Parmeshwar Metal IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website here. You can also check the details of other upcoming IPO on the Bigul platform.

Parmeshwar Metal IPO FAQs

1. What are the core details available of the Parmeshwar Metal IPO?

Parmeshwar Metal IPO is a book-built issue worth up to Rs 24.74 crores. The price band for this IPO is Rs 57 – Rs 61 per share. This upcoming IPO is entirely a fresh issue of up to 40.56 lakh equity shares.

2. What is the Parmeshwar Metal IPO open date and close date?

Parmeshwar Metal IPO subscription opens on Thursday, January 2, 2025, and closes on Monday, January 6, 2025.

3. What is Parmeshwar Metal IPO GMP Live?

Parmeshwar Metal IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 61 per share. You can check the latest IPO Grey Market Premium today online.

4. How do you check the IPO Allotment status?

Parmeshwar Metal IPO Allotment status is available on its registrar, Link Intime India Private Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who are the registrar and lead managers for Parmeshwar Metal IPO?

Parmeshwar Metal IPO lead manager, is Beeline Capital Advisors Private Limited. The company has appointed Link Intime India Private Limited as the registrar for this public issue.

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