IPO Details

Bidding Dates

01 Jan '25 - 05 Jan '25

Minimum Investment

₹1,22,000 / 1 Lot (2,000 Shares)

Price Range

₹57 - ₹61

Maximum Investment

₹1,22,000 / 1 Lot (2,000 Shares)

Retail Discount

Not Applicable

Issue Size

₹24.74 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Parmeshwar Metal IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jan 1, 2025

IPO Closing Date

Jan 5, 2025

Basis of Allotment

Jan 6, 2025

Initiation of Refunds

Jan 7, 2025

IPO Listing Date

Jan 8, 2025

Parmeshwar Metal IPO Subscription Details

DateQIBNIITotal

Day 1Jan 1, 2025

 0 9.65 13.79

Day 2Jan 2, 2025

 0 13.51 20.17

About Parmeshwar Metal IPO

Parmeshwar Metal IPO is a book-built issue valued at ₹24.74 crore, consisting entirely of a fresh issue of 40.56 lakh shares. The IPO opens for subscription on January 2, 2025, and closes on January 6, 2025. Allotment finalisation is scheduled for January 7, 2025, with listing on the BSE SME platform expected on January 9, 2025.

The price band for the IPO is set at ₹57 to ₹61 per share. Retail investors must apply for a minimum lot size of 2,000 shares, requiring an investment of ₹1,22,000. High Net-Worth Individuals (HNIs) can apply for 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 IPO, with Link Intime India Private Ltd as the registrar. Spread X Securities Private Limited is the designated market maker for the issue.

Industry Outlook

  1. India produces 95 minerals, including 4 fuel, 10 metallic, 23 non-metallic, 3 atomic, and 55 minor minerals, showcasing significant resource diversity.
  2. Metallic mineral production grew from $6.96 billion in FY18 to $12.76 billion in FY23P, reflecting robust growth in India’s mining sector.

Parmeshwar Metal IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Setting up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat, for manufacturing of Bunched copper wire and 1.6 MM Copper Wire (“Proposed project”)
  2. Funding of capital expenditure for Furnace renovation
  3. To Meet Working Capital Requirements.
  4. General Corporate Purpose

About Parmeshwar Metal Limited 

Parmeshwar Metal Limited, established in August 2016 in Dehgam, Gujarat, specialises in manufacturing copper wire and rods from recycled copper scrap. This ISO 9001:2015 certified company offers a diverse product range including 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each customised to meet specific customer needs. 

Parmeshwar Metal's products are integral to various industries such as power cables, building wires, transformers, the automotive sector, and household cables, encompassing both bare and enamelled wires. The facility, equipped with an in-house testing lab, ensures adherence to stringent quality and safety standards. As of December 31, 2023, the company employs 89 individuals. 

Managed by promoters with over 30 years of combined experience in the metal industry, Parmeshwar Metal is committed to operational excellence, continuous improvement, and sustainable practices by leveraging the energy-efficient process of copper recycling.

How To Check the Allotment Status of the Parmeshwar Metal IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Parmeshwar Metal IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Parmeshwar Metal IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Parmeshwar Metal IPO 

Registered office: Survey No. 130 P & 131, State Highway No. 69 Sampa Lavad Road, Village Suja Na Muvada, Post-Sampa Gandhinagar, Dehgam, Gujarat382315, India

Phone: +91 6357076561

E-mail: cs@parmeshwarmetal.com 

Parmeshwar Metal IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50% of the Net Issue

Retail Shares Offered

Not less than 35.00% of the Net Issue

NII (HNI) Shares Offered

Not more than 15% of the Net Issue

Parmeshwar Metal IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

2,000

₹1,22,000

Retail (Max)

1

2,000

₹1,22,000

HNI (Min)

2

4,000

₹2,44,000

Parmeshwar Metal IPO Anchor Investors Details

Bid Date

January 1, 2025

Shares Offered

11,54,000

Anchor Portion Size (In Cr.)

7.04

Anchor lock-in period end date for 50% shares (30 Days)

January 8, 2025

Anchor lock-in period end date for remaining shares (90 Days)

March 9, 2025

Parmeshwar Metal IPO Promoter Holding

The company is promoted by the following individuals: Mr. Shantilal Kailashchandra Shah, Mr. Suchitkumar Maheshbhai Patel, Mr. Piyush Giriraj Shah, Mr. Radheshyam Jankilal Shah, Mr. Parth Maheshbhai Patel, Mr. Pratik Radheshyam Shah, and Mrs. Kailashben Radheshyam Shah.

Share Holding Pre-Issue

96.33%

Share Holding Post Issue

70.81%

Key Performance Indicators for Parmeshwar Metal IPO

As of March 31, 2024, the market capitalisation of Parmeshwar Metal's IPO is ₹93.37 crore. Here are the KPIs of Parmeshwar Metal:

KPI

Value

ROE (%)

21.49%

ROCE (%)

17.51%

Debt to Equity Ratio (x)

0.59

Price to Book Value (x)

1.84

RoNW (%)

19.40%

PAT Margin (%)

0.66%

Price Metrics

Metric

Pre-IPO

Post-IPO

P/E (x)

6.42

6.39

EPS (₹)

9.51

9.55

Parmeshwar Metal IPO Prospectus

Parmeshwar Metal IPO Registrar and Lead Managers

Parmeshwar Metal IPO Lead Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar for Parmeshwar Metal IPO

Link Intime India Private Ltd

  • Contact Number: +91-22-4918 6270
  • Email Address: parmeshwar.smeipo@linkintime.co.in

Website: Parmeshwar Metal IPO Registrar

Financial Performance of Parmeshwar Metal Limited

Particulars For period ended October 31, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 75,576.41 1,10,022.81 97,194.01 90,204.45
Profit After Tax (PAT) (in ₹ lakh) 570.29 721.93 889.54 685.16
Total Borrowings (in ₹ lakh) 1,468.99 2,188.86 1,660.02 1,383.71
Net Worth (in ₹ lakh) 4,291.13 3,720.83 2,998.90 2,109.37
Return on Equity (%) 14.24% 21.49% 34.83% 38.64%
Return on Capital Employed (%) 11.72% 17.51% 22.39% 21.92%
Operating Cash Flows (₹ in lakh) 629.64 128.43 (224.79) 464.66
Earning Per Share (EPS)-in absolute ₹ 5.07 6.42 7.91 6.09

Know before investing

Strengths

9

  1. Experienced Promoters with 30+ years in the metal industry.

  2. ISO 9001:2015 certified products ensure top-notch quality assurance.

  3. Customised copper wires meet diverse client specifications efficiently.

  4. Strong, diversified supplier base ensures consistent raw material availability.

  5. Focus on customer satisfaction builds long-term client relationships.

  6. Forward integration adds value and boosts operational efficiency.

  7. In-house testing lab ensures quality at every production stage.

  8. Geographical expansion strategy strengthens national market presence.

  9. Cost efficiency focus increases profit margins for sustainable growth.

Risks

9

  1. Outstanding litigation of ₹4,221.80 Lakhs may impact financials.

  2. 53.94% revenue concentration in Gujarat poses geographical risk.

  3. Dependency on high-volume, low-margin sales affects profitability stability.

  4. No long-term contracts with customers increase revenue unpredictability.

  5. Quality non-compliance risks cancellation of orders and reputation.

  6. Top 10 customers contribute 47.73% revenue; customer loss critical.

  7. Top 10 suppliers contribute 44.61%; supplier dependency poses risk.

  8. Negative cash flow in FY 2022-23 could impact growth.

  9. Related party transactions may involve conflicts of interest.

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Parmeshwar Metal Limited Peer Details Comparison

Company Name EPS (Basic) (₹) NAV (per share) (₹) RoNW (%) P/BV Ratio
Parmeshwar Metal Limited 6.42 33.07 19.4 1.85
Rajnandini Metal Limited 0.55 2.05 26.87 5.5

Parmeshwar Metal IPO FAQs

What is the Parmeshwar Metal IPO?

Parmeshwar Metal IPO is a book-built issue IPO. It will be open from January 2, 2025, to January 6, 2025.

When will Parmeshwar Metal IPO be allotted?

The Basis of Allotment will happen on Tuesday, January 7, 2025.

When will Parmeshwar Metal IPO open for subscription?

The IPO subscription window will open on January 2, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.

When will Parmeshwar Metal Limited list on exchanges?

The listing date for Parmeshwar Metal Limited is Thursday, January 9, 2025.

What is the issue size of the Parmeshwar Metal IPO?

The issue size of the Parmeshwar Metal IPO is up to ₹24.74 crore, with a complete fresh issue of ₹24.74 crore.

What are the open and close dates of the Parmeshwar Metal IPO?

The open and close dates for Parmeshwar Metal IPO are from January 2, 2025, to January 6, 2025.

What would be the listing gains on the Parmeshwar Metal IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Parmeshwar Metal IPO allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.
2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Parmeshwar Metal IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Parmeshwar Metal Limited using one PAN?

You can submit only one application using your PAN card.

How to read Parmeshwar Metal Limited's financial statements?

To read Parmeshwar Metal’s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for Parmeshwar Metal Limited IPO?

Pre-apply allows investors to apply for the Parmeshwar Metal IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Parmeshwar Metal Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Parmeshwar Metal Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Parmeshwar Metal IPO?

Link Intime India Private Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Parmeshwar Metal IPO getting listed?

Parmeshwar Metal Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).