PARMESHWAR METAL LIMITED
Parmeshwar Metal Limited  is an ISO 9001:2015 certified company based in Gujarat, India. Originally incorporated as Parmeshwar Metal Private Limited in August 2016, it transitioned to a public limited company in January 2024.
The company specializes in manufacturing copper wire and copper wire rods through copper scrap recycling. Its products serve a broad range of industries, including power, construction, automotive, and electrical. With a focus on quality, cost-efficiency, and continuous improvement, Parmeshwar Metal Limited operates from its facility in Suja Na Muvada, Gandhinagar district, Gujarat.
Price Band₹57 - ₹61 |
Dates02 Jan - 06 Jan |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹24.74 Crs |
PARMESHWAR METAL IPO Objects
1.Setting up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire
2.Funding of capital expenditure for Furnace renovation
3.To Meet Working Capital Requirements.
4.General Corporate Purpose
PARMESHWAR METAL IPO Details
Price Band₹57 - ₹61 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹24.74 Cr (0.41 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹24.74 Cr (0.41 Cr Shares) |
Face Value₹10 per equity share |
PARMESHWAR METAL IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
2,000
1,22,000
Maximum
1
2,000
1,22,000
|
|||
| NII |
Minimum
2
4,000
2,44,000
|
|||
PARMESHWAR METAL IPO Subscription
-
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| Total | - | 0 | 0 |
PARMESHWAR METAL IPO GMP
The estimated Grey Market Premium of PARMESHWAR METAL IPO is ₹0 per share (0.00%)
1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of net offer |
| NII | Not less than 15% of net offer |
| Retail | Not less than 35% of net offer |
| Market Maker | 206000 |
PARMESHWAR METAL IPO Financials
| Particulars | Oct-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 755.76 | 1,100.23 | 971.94 | 902.04 |
| Profit after Tax | 5.70 | 7.22 | 8.90 | 6.85 |
| Net Worth | 42.91 | 37.21 | 29.99 | 21.09 |
| Total Borrowing | 14.69 | 21.89 | 16.60 | 13.84 |
| Total Assets | 67.33 | 70.10 | 54.12 | 41.13 |
| NAV per share (in ₹) | 38.14 | 33.07 | 26.66 | 18.75 |
| EPS - Basic (in ₹) | 5.07 | 6.42 | 7.91 | 6.09 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 1.01 |
| PAT | 0.66 |
| ROE | 21.49 |
| ROCE | 17.51 |
| PE Ratio | 9.50 |
| PB Ratio | 1.84 |
| Mkt Cap (in Crs.) | 93.37 |
All Ratios are based on Mar 24
PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
PARMESHWAR METAL IPO Peer Comparision
| Particulars | Co. | Rajnandini Metal |
|---|---|---|
| Revenue from Ops (in Crs.) | 1,100.23 | 1,212.43 |
| PAT (In Crs.) | 7.22 | 15.24 |
| EPS - Basic | 6.42 | 0.55 |
| NAV per share | 33.07 | 2.05 |
| RONW | 19.40 | 26.87 |
| EBITDA | 1.01 | 1.77 |
| PAT Margin | 0.66 | 1.26 |
| Price to earning (PE) | 9.50 | 18.73 |
All the information pertains to FY 2023-24
The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
PARMESHWAR METAL IPO Peer Comparision
| Particulars | Co. |
|---|---|
| Revenue from Ops (in Crs.) | 1,100.23 |
| PAT (In Crs.) | 7.22 |
| EPS - Basic | 6.42 |
| NAV per share | 33.07 |
| RONW | 19.40 |
| EBITDA | 1.01 |
| PAT Margin | 0.66 |
| Price to earning (PE) | 9.50 |
| Rajnandini Metal |
|---|
| 1,212.43 |
| 15.24 |
| 0.55 |
| 2.05 |
| 26.87 |
| 1.77 |
| 1.26 |
| 18.73 |
All the information pertains to FY 2023-24
The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Mr. Suchitkumar Maheshbhai Patel | 15.00% |
| Mr. Shantilal Kailashchandra Shah | 12.47% |
| Mr. Piyush Giriraj Shah | 10.97% |
| Other Promoters | 38.72% |
Management Details
| Name | Designation |
|---|---|
| Mr. Shantilal Kailashchandra Shah | MD |
| Mr. Piyush Giriraj Shah | Chairman |
| Mr. Vijaykumar Shaileshbhai Shah | CFO |
Company Details
Name : PARMESHWAR METAL LIMITED
Address : Survey No. 130 P & 131, State Highway No. 69 Sampa Lavad Road, Village Suja Na Muvada, Post-Sampa Gandhinagar, Dehgam, Gujarat- 382315,India
Number : +91 6357076561
Email : cs@parmeshwarmetal.com
Website : www.parmeshwarmetal.com
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Find answers to common questions that come in your mind related to IPO.
PARMESHWAR METAL IPO is a SME IPO having an issue size of Rs. ₹24.74 Crs. PARMESHWAR METAL IPO is priced at ₹57 - ₹61 per share. The issue opens on 02 Jan 25 and closes on 06 Jan 25.
PARMESHWAR METAL IPO opens on 02 Jan 25 and closes on 06 Jan 25.
The estimated Grey Market Premium of PARMESHWAR METAL IPO is ₹0 per share (0.00%).
The minimum lot size of PARMESHWAR METAL IPO is 2000 shares & the minimum application amount is Rs. 122000.
The allotment date of PARMESHWAR METAL IPO is 07 Jan 25.
The listing date of PARMESHWAR METAL IPO is 09 Jan 25.
PARMESHWAR METAL IPO is subscribed -.
PARMESHWAR METAL IPO is priced at ₹57 - ₹61 per share.
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