Parmeshwar Metal Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,924,000 (47%) | — | ₹1,174 Cr |
| NII (HNI) | — | 578,000 (14%) | — | ₹353 Cr |
| Retail | — | 1,348,000 (33%) | — | ₹822 Cr |
| Market Maker | — | 206,000 (5%) | — | ₹13 Cr |
| Σ Total | — | 4,056,000 (100%) | — | ₹24,742 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹122,000 |
| Retail (Max) | 13 | 26,000 | ₹1,586,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,708,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,174,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 75,731 | 110,246 | 97,271 |
| Profit After Tax | 570 | 722 | 890 |
| Net Worth | 4,291 | 3,721 | 2,999 |
| Total Assets | 6,733 | 7,010 | 5,412 |
| Reserves & Surplus | 3,166 | 2,971 | 2,249 |
| Total Borrowing | 1,469 | 2,189 | 1,660 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
- Funding of capital expenditure for Furnace renovation – 1.87
- To Meet Working Capital Requirements – 13.92
- General Corporate Purpose – 4.02
Company Overview
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 Strength
- Experienced Promoter and Management Team
- Strong relationship with customers
- Customized Product Offering
- Strong and diversified supplier base for sourcing raw materials