IPO Issue Details
Issue Price / Price Band₹61 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size40,56,000 shares (aggregating up to ₹24.74 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 02 Jan 2025
Subscription CloseMon, 06 Jan 2025
Anchor AllotmentWed, 01 Jan 2025
Basis of AllotmentTue, 07 Jan 2025
Initiation of RefundsWed, 08 Jan 2025
Credit of Shares to DematWed, 08 Jan 2025
Listing DateThu, 09 Jan 2025
UPI Mandate Deadline2025-01-06
Application & Investment Details
Retail — Min (1 Lots)122000 — 2000 shares
Retail — Max (13 Lots)₹1,586,000 (13 Lots)
HNI — Min (2 Lots)244000 — 4000 shares
EPS (Pre-IPO)₹6.42
EPS (Post-IPO)₹6.39
P/E Ratio (Pre-IPO)9.51x
P/E Ratio (Post-IPO)9.55x
Net Offer to Public38,50,000 shares (aggregating up to ₹23.49 Cr)
Reserved for Market Maker2,06,000 shares (aggregating up to ₹1.26 Cr)
Pre-IPO Promoter Holding1,12,50,000 shares
Post-IPO Promoter Holding1,53,06,000 shares
About Parmeshwar Metal Ltd
Incorporated in August 2016, Parmeshwar Metal Limited manufactures copper wire and rods by recycling copper scrap. The company's manufacturing unit is situated in Dehgam, Gujarat.The company is an ISO 9001:2015 certified business offering a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each tailored to meet customer specifications.The company's products are used in various industries such as power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires.As of December 31, 2023 the company employees a total 89 Employees.Competitive StrengthExperienced Promoter and Management TeamStrong relationship with customersCustomized Product OfferingStrong and diversified supplier base for sourcing raw materials
Objects of the Issue
Parmeshwar Metal Ltd proposes to utilise the net proceeds from the Issue for the following objects:
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”)
2.18
2
Funding of capital expenditure for Furnace renovation
1.87
3
To Meet Working Capital Requirements
13.92
4
General Corporate Purpose
4.02
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,12,50,000 shares
Post-IPO Promoter Holding
1,53,06,000 shares