Parmeshwar Metal IPO, one of the upcoming IPOs, allotment status is set for today, January 7, 2025. You can check the allotment status on the registrar’s website, Link Intime India Private Ltd, as well as on the BSE website.
Successful bidders can expect the shares to be credited to their demat accounts on Wednesday, January 8, 2025. Those who did not receive an allotment will likely receive refunds on the same day.
Parmeshwar Metal IPO was opened from January 2, 2025, to January 6, 2025. As of January 6, 2025, 6:19 PM, the IPO achieved an overall subscription of 607.07 times. The qualified institutional buyers (QIB) category was subscribed 177.32 times, while the non-institutional investor (NII) and retail investor portions saw subscriptions of 1,202.83 times and 597.09 times, respectively.
Parmeshwar Metal IPO is a book-built issue totalling ₹24.74 crore. It includes a fresh issue of 40.56 lakh shares.
The price band for the IPO was set between ₹57 to ₹61 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,22,000.
Parmeshwar Metal shares are scheduled to be listed on the BSE SME platform on Thursday, January 9, 2025.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 7, 2025, 8:46 AM IST
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