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Parmeshwar Metal IPO

Listed Listed stocks

Parmeshwar Metal IPO Details

  • Bidding Date

    02-Jan-2025 to
    06-Jan-2025

  • Issue Size

    ₹24.74 Cr

  • Price Band

    ₹57 to ₹61

  • Allotment date

    07-Jan-2025

  • Listing date

    09-Jan-2025

  • Lot size

    2000

  • No. of shares

    40,56,000

  • Fresh issue/OFS

    ₹24.74 Cr /--

About Parmeshwar Metal Company

Parmeshwar Metal Limited was incorporated on August 4, 2016. Headquartered in Ahmedabad, Gujarat, with a manufacturing facility in Gandhinagar, the company is engaged in the production of copper wire and copper wire rods through the recycling of copper scrap. Its products cater to diverse applications, including power cables, transformers, building wires, the automotive industry, and household cables, emphasizing quality, cost efficiency, and sustainability. The company's product portfolio includes oxygen-free copper wires and rods in sizes such as 1.6 mm, 8 mm, and 12.5 mm, known for their excellent electrical conductivity, high thermal properties, and weldability. Primarily serving the domestic market (99.95% of revenue), Parmeshwar Metal Limited has also made strides in exports.

Subscription Status

  • Category

    Status

  • QIBs

    177.3x

  • NIIs

    885.1x

  • Retail

    561.5x

  • Others

    --

  • Total

    547x

Parmeshwar Metal Financials

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FAQs for Parmeshwar Metal IPO.

The issue size of Parmeshwar Metal is ₹24.74 Cr.

Parmeshwar Metal falls into Metal Processing industry.

The Parmeshwar Metal IPO will be listed on NSE.

The open and close dates for the Parmeshwar Metal are 02-Jan-2025 & 06-Jan-2025.

The price band for the Parmeshwar Metal ipo is ₹57 to ₹61

The listing date of Parmeshwar Metal IPO is 09-Jan-2025.

The purpose of this IPO is to raise fresh capital.

Parmeshwar Metal total subscription ratio is 547X.

Key financial of the Parmeshwar Metal are:


Parmeshwar Metal FY-24 FY-23 FY-22
Revenue (₹ Cr) 1100.22 971.94 902.04
EBIT (₹ Cr) 9.93 12.86 10.84
Proft after Tax (₹ Cr) 7.13 8.9 6.85
Debt (₹ Cr) 21.89 16.6 13.84
Net Worth (₹ Cr) 37.32 29.99 21.09
RoE (%) 19.1 29.66 32.48

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