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Parmeshwar Metal IPO
585.72xsubscribed

Parmeshwar Metal IPO

Metal - Non Ferrous
listed
₹1.14LMin. investment

Parmeshwar Metal Limited IPO Details

SectorMetal - Non Ferrous
Price range₹57.00 – ₹61.00
IPO type
SME
Lot size2000 shares
Issue size₹24Cr
Red Herring Prospectus
Read
Market cap
₹104.71CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹1,100.22CrLower than sector avg
Growth rate3Y CAGR
6.84%Higher than sector avg

Parmeshwar Metal IPO Subscription Status

Date
QIB
NII
Retail
Total
02-Jan-25
0.0 times (X)
9.59 times (X)
23.44 times (X)
13.77 times (X)
03-Jan-25
0.98X
29.85X
76.86X
45.11X
06-Jan-25
177.32X
1145.36X
579.05X
585.72X

As on 02-Jan-25, 5:30 PM

Parmeshwar Metal IPO Timeline

  1. Pre-apply
    1 Jan 2025
  2. Bid start
    2 Jan 2025
  3. Bid end
    6 Jan 2025
  4. Allotment
    7 Jan 2025
  5. Release of funds
    8 Jan 2025
  6. Demat transfer
    8 Jan 2025
  7. Listing
    9 Jan 2025

About Parmeshwar Metal Limited

Parmeshwar Metal is a leading manufacturer of high-quality copper wire rods, serving industries like power cables, automotive, and transformers. It offers customizable copper rods in various sizes, ensuring top-notch quality through in-house testing. The company focuses on safety, provides protective gear, and recycles copper scrap for environmental sustainability. Managed by experienced promoters, Parmeshwar Metal is expanding with new facilities in Gujarat to produce bunched copper wire rods, enhancing its capacity and product offerings for electrical and telecom industries.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Parmeshwar Metal Limited IPO

Business expansion
The company will use ₹2.18 Cr for setting up a new manufacturing facility at Gandhinagar, Gujarat.
Capital expenditure
The company will use ₹1.86 Cr for Furnace renovation.
Working capital
The company will allocate ₹13.92 Cr from the fresh issue towards working capital.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹1,100.22Cr6.84%₹7.21Cr₹104.71Cr13.230.59
This sector (avg.)₹9,368.76Cr0.01%₹1,021.73Cr₹17,328.86Cr19.690.52
₹1,52,968Cr---₹21,267Cr₹2,66,361.4Cr28.361.82
₹34,083Cr---₹10,353Cr₹2,65,561.3Cr22.530.82
₹2,38,496Cr---₹16,002Cr₹2,15,225.4Cr12.050.53

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Parmeshwar Metal IPO Contact Details

Company NameParmeshwar Metal Limited

How to apply for Parmeshwar Metal IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Parmeshwar Metal Limited IPO FAQs