The Parmeshwar Metal IPO is a Rs 24.74 crore book-built offering. This is a brand-new 40.56 lakh share offering.Bidding for the Parmeshwar Metal initial public offering (IPO) began on January 2, 2025, and finished on January 6, 2025.
On Tuesday, January 7, 2025, the allocation for the Parmeshwar Metal IPO is anticipated to be finalized. The proposed listing date for the Parmeshwar Metal IPO is set for Thursday, January 9, 2025, on the BSE SME.
The pricing range for Parmeshwar Metal’s IPO is ₹57 to ₹61 per share. An application must have a minimum lot size of 2000. For retail investors, a minimum investment of ₹1,22,000 is needed.
The Parmeshwar Metal IPO’s book running lead manager is Beeline Capital Advisors Pvt Ltd, while the issue’s registrar is Link Intime India Private Ltd.Spread X Securities Private Limited is the market maker for the Parmeshwar Metal IPO.
Parmeshwar Metal IPO Details
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹61 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 40,56,000 shares |
| Fresh Issue | 40,56,000 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,53,06,000 shares |
| Market Maker Portion | 2,06,000 shares Spread X Securities Private Limited |
Concerning Parmeshwar Metal Ltd.
Parmeshwar Metal Limited was established in August 2016 and uses copper scrap to make copper wire and rods. The manufacturing facility of the company is located at Dehgam, Gujarat.
Offering 1.6 mm, 8 mm, and 12.5 mm copper wire rods that are all customized to match customer requirements, the company is an ISO 9001:2015 certified enterprise.
Power cables, building wires, transformers, the automobile industry, household cables, and bare and enameled wires are just a few of the industries that employ the company’s goods.
The company employed 89 people as of December 31, 2023.