PARMESHWAR METAL LIMITED

02 Jan 2025 - 06 Jan 2025 Individual Category SME BSE

Min Investment

₹122000

Price Band

₹57-₹61

Issue Size

29.02 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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02 Jan 2025

Open Date

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06 Jan 2025

Close Date

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07 Jan 2025

Allotment Date

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09 Jan 2025

Listing Date

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

Know Before Investing

Strengths icon

  • Experienced management leads strategic growth since 2016
  • Diverse customer base across automotive and power sectors
  • Customization capabilities in copper wire manufacturing processes

Weaknesses icon

  • Small employee base limits operational scale and expansion
  • Single manufacturing facility creates geographical dependency risk
  • High dependence on recycled copper indicates raw material risks

About Parmeshwar Metal Limited

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.

Founded

2017

Managing Director

Mr Shantilal Kailashchandra Shah

Parent Organization

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.

Company Promoters

Mr Shantilal Kailashchandra Shah

Mr Suchitkumar Maheshbhai Patel

Mr Piyush Giriraj Shah

Mr Radheshayam Jankilal Shah

Mr Parth Maheshbhai Patel

Mr Pratik Radheshyam Shah

Mrs Kailashben Radheshyam Shah

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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IPO Allotment

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