Parmeshwar Metal
CLOSEDIPO Date: 2 Jan - 6 Jan 2025
Listing Date: 9 Jan 2025
Price Range
₹57 – ₹61 per share
Issue Size
25 Cr
Min Investment
₹1,14,000
Lot Size
2000 Shares
Schedule of Parmeshwar Metal
Issue open date
2 Jan 2025
Issue close date
6 Jan 2025
UPI mandate deadline
6 Jan 2025 (5 PM)
Allotment finalization
7 Jan 2025
Share credit
8 Jan 2025
Listing date
9 Jan 2025
Mandate end date
21 Jan 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 25 Cr |
| Fresh Issue | 24.74 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 7 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 9 Jan 2025 | ₹61 | ₹38 | ₹99 (62.3%) |
| 8 Jan 2025 | ₹61 | ₹38 | ₹99 (62.3%) |
| 7 Jan 2025 | ₹61 | ₹41 | ₹102 (67.21%) |
| 6 Jan 2025 | ₹61 | ₹40 | ₹101 (65%) |
| 4 Jan 2025 | ₹61 | ₹40 | ₹101 (65%) |
| 3 Jan 2025 | ₹61 | ₹40 | ₹101 (65%) |
| 2 Jan 2025 | ₹61 | ₹35 | ₹96 (57%) |
| 1 Jan 2025 | ₹61 | ₹20 | ₹81 (32.79%) |
Performance Parmeshwar Metal
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹57 – ₹61 per share | ₹ 89 (45.44%) | ₹ 54.05 | -11.39% |
About Parmeshwar Metal
Established in 2016, Parmeshwar Metal Limited, formerly Parmeshwar Metal Pvt. Ltd., is ISO 9001:2015 certified and specializes in manufacturing copper wires and rods from recycled copper scrap. With over 30 years of promoter expertise, the company serves diverse industries like power, automotive, and household wiring. Its Gujarat-based facility emphasizes quality, sustainability, and safety, aiming to expand with a new bunched copper wire production unit.
| Founded in | 2016 |
| Managing director | Mr. Shantilal Kailashchandra Shah |
| Parent organization | Parmeshwar Metal Ltd |
Financial Overview
Strengths
- 30+ years of expertise driving growth
- Long-term partnerships across industries
- ISO-certified, stringent inspections
- Tailored wires and rods for diverse needs
- Sourcing copper locally and globally
Risks
- Ongoing litigation may impact business and reputation
- Operations concentrated in Gujarat; regional issues may affect performance
- Loss of key customers could harm revenue and profits
- Reliance on few suppliers; loss may disrupt operations
- Lenders have claims over company assets for finance provided
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 177 |
| Non-Institutional Investors (NIIs) | 1202.83 |
| Retail Individual Investors (RIIs) | 597.09 |
| Employee | N/A |
| Total | 607.07 |