Parmeshwar Metal manufactures copper wire and copper wire rods by recycling copper scrap. Its product portfolio includes copper wire rods of 1.6 MM, 8 MM, and 12.5 MM, and also customized wires are manufactured as per customer specification. These products are used in various applications, including power cables, transformers, building wires, household cables, the automotive industry, etc. Its manufacturing facility is located at Gandhinagar, Gujarat. And, the company is planning to install an additional manufacturing plant at the existing facility for manufacturing the new product Bunched Copper Wire.
Parmeshwar Metal IPO open date is January 2, 2025 and the IPO will close on January 6, 2025. Parmeshwar Metal IPO price band is ₹57 to ₹61 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Parmeshwar Metal IPO to list on BSE on January 9, 2025. The allotment of Parmeshwar Metal IPO date is January 7, 2025.
The company reported revenue of ₹972.71 crores in 2023 against ₹902.27 crore in 2022. The company reported profit of ₹8.90 crores in 2023 against Profit of ₹6.85 crores in 2022. As per the financials the IPO investors should apply the IPO for a long term.
Parmeshwar Metal IPO Details
| IPO Open Date: | January 2, 2025 |
| IPO Close Date: | January 6, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹57 to ₹61 Per Share |
| Issue Size: | Approx ₹24.74 Crores |
| Fresh Issue: | Approx ₹24.74 Crores |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Parmeshwar Metal IPO Timeline
The Parmeshwar Metal IPO date is January 2 and the close date is January 6. The Parmeshwar Metal IPO allotment will be finalized on January 7 and the IPO listing on January 9.
| IPO Open Date: | January 2, 2025 |
| IPO Close Date: | January 6, 2025 |
| Basis of Allotment: | January 7, 2025 |
| Refunds: | January 8, 2025 |
| Credit to Demat Account: | January 8, 2025 |
| IPO Listing Date: | January 9, 2025 |
Parmeshwar Metal SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹57.00-61.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹122000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹244000 |
Parmeshwar Metal Limited: A Deep Dive into Financial Highlights
Parmeshwar Metal Limited’s revenue increased by 13% and profit after tax (PAT) dropped by -19% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,732.67 | 7,010.27 | 5,412.42 | 4,112.89 |
| Revenue | 75,730.83 | 1,10,246.35 | 97,270.61 | 90,227.47 |
| Profit After Tax | 570.29 | 721.93 | 889.53 | 685.16 |
| Net Worth | 4,291.13 | 3,720.83 | 2,998.9 | 2,109.37 |
| Reserves and Surplus | 3,166.13 | 2,970.83 | 2,248.9 | 1,359.37 |
| Total Borrowing | 1,468.99 | 2,188.86 | 1,660.02 | 1,383.71 |
