Parmeshwar Metal IPO

About Parmeshwar Metal IPO

Parmeshwar Metal  is a leading manufacturer of high-quality copper wire rods, serving a wide range of industries including power cables, building wires, transformers, automotive, and household cables, among others. The company’s product portfolio includes copper wire rods in various sizes, such as 1.6 mm, 8 mm, and 12.5 mm, which are customized to meet specific customer requirements. With an in-house testing laboratory at its manufacturing facility, Parmeshwar Metal ensures that both raw materials and finished products meet the stringent quality standards demanded by its clients. The company is committed to continuous improvement, maintaining integrity, and delivering optimal value through cost-effective and high-quality products.

The company places a strong emphasis on safety in its manufacturing process, providing essential protective equipment such as fire safety helmets, gloves, shoes, and welding goggles to its workforce. Additionally, Parmeshwar Metal is actively involved in the recycling of copper scrap, a practice that is gaining global importance due to its energy efficiency and conservation of natural resources. The company’s efficient recycling process reduces the environmental impact while ensuring the supply of high-quality copper wire rods with excellent electrical and thermal conductivity, high purity, and good ductility.

Managed by a team of experienced promoters with over 35 years in the metal industry, Parmeshwar Metal benefits from their deep understanding of quality control, operations, human resources, and business management. Their leadership has been pivotal in driving the company’s growth and success. The promoters are directly involved in key aspects of the business, from vendor management to financial planning, ensuring the company stays aligned with market demands and customer needs. The company’s vision is to provide top-notch copper wire rods and products while meeting the evolving needs of industries worldwide.

Looking to further expand its business, Parmeshwar Metal is set to install new manufacturing facilities at its existing site in Gujarat to produce bunched copper wire rods. These new facilities will incorporate advanced machinery such as wire drawing, bunching machines, and rod breakdown machines to improve production capacity. Bunched copper wire, known for its flexibility, compactness, and superior electrical conductivity, is a key product for various applications in the electrical and telecom industries. With a strong focus on innovation and quality, Parmeshwar Metal is poised to enhance its product offerings and increase production capacity, further solidifying its position as a leader in the copper wire manufacturing industry.

Parmeshwar Metal  prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives

1. Setting up a new manufacturing facility at Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire Rod 
2. Furnace renovation for copper melting 
3. To Meet Working Capital Requirements. 
4. General Corporate Purpose.