Parmeshwar Metal IPO will be open for bidding on 2nd Jan 2025 and the bidding close on 6th Jan 2025. The issue size of Parmeshwar Metal is ₹25 Cr. The price range from ₹57(Min) to ₹61(Max). The minimum lot size will be 2000 and according to this, the minimum investment amount will become ₹1,22,000 (considering ₹61 for bidding price – ₹61*2000 = ₹122000).
Allotment of the share will begin on 7th Jan 2025 and the refund, and share credit date will be on 8th Jan 2024. The listing date for Parmeshwar Metal IPO is on 9th Jan 2025. This will be the second IPO for which bidding will open in the New Year, the first IPO of 2025 is Leo Dry Fruits and Spices Limited. In this blog, you will get to know about Parmeshwar Metal IPO GMP price, overview, valuation, objective, and many more.
Parmeshwar Metal GMP trends
| Date | GMP Price | Trend | Kostak | Subject to Sauda |
|---|---|---|---|---|
| 06-Jan 2025 (Closed) | ₹40 | – | – | 60800 |
| 05-Jan 2025 | ₹40 | – | – | 60800 |
| 04-Jan 2025 | ₹40 | 📈 | – | 60800 |
| 03-Jan 2025 | ₹35 | 📈 | – | 53200 |
| 02-Jan 2025 | ₹20 | 📈 | – | 30400 |
| 01-Jan 2025 | ₹10 | 📈 | – | 2000 |
| 31-Dec 2024 | – | – | – | – |
Parmeshwar Metal Overview
Parmeshwar Metal Limited manufactures, trades, and distributes the rods, and wire of the copper metal by recycling it. Founded in Aug 2016, Parmeshwar Metal was in business in metal scraping and was IOS 9001:2015 certified. Which means it is globally certified for quality management(QMS). Parmeshwar Metal manufactures copper wire rods of width 8MM, 12MM, and 1.6MM with high quality and fined wire.
The manufacturing facility of Parmeshwar Metal was located in Gandhinagar, Gujarat which handles copper scraping, metal sorting, copper melting, and finishing. Their manufacturing capacity is 10,500 MT(Matric Ton). Parmeshwar Metal’s majority business was present in India only with states like Gujarat, Maharastra, Rajasthan, Madhya Pradesh, and Tamil Nadu. Gujarat and Madhya Pradesh contribute maximum revenue with a combined 81.79% of total revenue. Where Gujarat contributes around 53.92% of total revenue followed by Madhya Pradesh(MP) 27.85 of total revenue.
Parmeshwar Metal IPO Objective
- The primary objective of Parmeshwar Metal IPO is to utilize funds for setting up its new manufacturing facility, which will contribute approximately 8.81% of the IPO fund.
- The second objective is to utilize funds for the purpose of furnace renovation, which typically depends on various factors such as the type of furnace, scope of work, and many more. The fund used to renovate the furnace will be around ₹1.86Cr which will be around 7.51% of total issued funds.
- For the working capital, it will be around ₹13.92Cr. Which will be around 56.23%.
- last objective is to utilize the capital for General corporate purposes, which will be around ₹6.78Cr (27.45%).
Parmeshwar Metal IPO Details
| Stock Symbol | PARMESHWAR |
| Industry | Metal Scalping |
| Issue Size | ₹25 Cr |
| Lot Size | 2000 |
| Price Range | ₹57 – ₹61 |
| Bid Start Date | 02nd Jan 2025 |
| Bid End Date | 06th Jan 2025 |
| Allotment Date | 07th Jan 2025 |
| Refund and Share Credit Date | 08th Jan 2025 |
| Listing Date | 09th Jan 2025 |
| Mandate End Date | 21st Jan 2025 |
| Lock-in end Date | 07th Apr 2025 |
| Prospectus | Download |
| Address | Survey No. 130P, 131 S/H No. 69, Sampa-Lavad Road, Village Sujana Muvada, Post: Sampa, Ta. Dahegam-382315, Dist. Gandhinagar, Gujarat, India |
| Email Id | info@parmeshwarmetal.com |
| Phone No | +91 63570 76570 +91 63570 76569 |
Parmeshwar Metal Valuation
All the valuations are in crores(Cr) INR. The source of the information is from Screener. If you want to see more detail on the IPO then follow my blog here.