The Parmeshwar Metal IPO will open for subscription on January 2, 2025, and close on January 6, 2025. The allotment of shares for this IPO is expected to be finalized on January 7, 2025, with the listing scheduled on the BSE SME platform on January 9, 2025.
The IPO is a fresh issue of 40.56 lakh shares, raising a total of Rs 24.74 crores. The price band for the shares is set between ₹57 and ₹61 per share, with a minimum lot size of 2,000 shares. For retail investors, the minimum investment required is ₹1,22,000, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots (4,000 shares) amounting to ₹2,44,000. This IPO presents an opportunity for both retail and HNI investors to participate in the growth of Parmeshwar Metal.
Overview of Contents
Parmeshwar Metal IPO Overview
| IPO Details | Information |
|---|---|
| IPO Opening Date | January 2, 2025 |
| IPO Closing Date | January 6, 2025 |
| Listing Date | January 9, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹61 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 40,56,000 shares (aggregating up to ₹24.74 Crore) |
| Fresh Issue | 40,56,000 shares (aggregating up to ₹24.74 Crore) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Pre-Issue Shareholding | 1,12,50,000 shares |
| Post-Issue Shareholding | 1,53,06,000 shares |
| Market Maker Portion | 2,06,000 shares |
| Minimum Investment for Retail | ₹1,22,000 (for 2,000 shares) |
| Minimum Investment for HNI | ₹2,44,000 (for 4,000 shares) |
| Application Mode | Online and Offline |
| Allotment Date | January 7, 2025 (Tentative) |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click here |
Parmeshwar Metal IPO Lot Size
Retail investors can apply for a minimum of 1 lot, which equates to 2,000 shares, with an investment of ₹1,10,000. High-net-worth individuals (HNIs) are required to apply for a minimum of 2 lots, which amounts to 4,000 shares, with a total investment of ₹2,20,000.
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Parmeshwar Metal IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Thursday, January 2, 2025 |
| IPO Close Date | Monday, January 6, 2025 |
| Basis of Allotment | Tuesday, January 7, 2025 |
| Initiation of Refunds | Wednesday, January 8, 2025 |
| Credit of Shares to Demat Account | Wednesday, January 8, 2025 |
| Listing Date | Thursday, January 9, 2025 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on January 6, 2025 |
| Mode of Application | Online and Offline |
| Allotment Status | Available on the Registrar's website after the allotment process |
| IPO Issue Size | ₹24.74 Crore |
Parmeshwar Metal IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Parmeshwar Metal IPO Promoter Holding
The promoters of Parmeshwar Metal are a group of experienced individuals, including Mr. Shantilal Kailashchandra Shah, Mr. Suchitkumar Maheshbhai Patel, Mr. Piyush Giriraj Shah, Mr. Radheshyam Jankilal Shah, Mr. Parth Maheshbhai Patel, Mr. Pratik Radheshyam Shah, and Mrs. Kailashben Radheshyam Shah.
These promoters bring a wealth of industry knowledge and expertise to the company, having played a significant role in its growth and development. Currently, the promoters hold a substantial shareholding of 96.33% in the company, and this percentage will change post-IPO once the fresh issue of shares is completed, providing the company with new capital for further expansion. Their involvement and leadership are crucial in driving the future prospects of Parmeshwar Metal.
| Shareholding Details | Pre-Issue | Post-Issue |
|---|---|---|
| Promoters Shareholding | 96.33% | 70.81% |
About Parmeshwar Metal IPO
Incorporated in August 2016, Parmeshwar Metal Limited specializes in manufacturing copper wire and rods by recycling copper scrap. Located in Dehgam, Gujarat, the company operates an ISO 9001:2015 certified facility. Parmeshwar Metal offers a diverse product portfolio, including 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each customized to meet specific customer requirements.
The company’s products cater to a wide range of industries, including power cables, building wires, transformers, the automotive industry, household cables, and both bare and enamelled wires. As of December 31, 2023, Parmeshwar Metal employs a dedicated team of 89 individuals. The company’s competitive strengths include an experienced promoter and management team, strong relationships with customers, a tailored product offering, and a robust and diversified supplier base for sourcing raw materials.
Parmeshwar Metal IPO Financial Information
Parmeshwar Metal Limited has demonstrated consistent growth in recent years, as evidenced by its financial performance across various periods. The company’s assets, revenue, and profits have shown an upward trajectory, highlighting its expanding operations and market presence.
| Financials | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets (₹ in Lakhs) | 7,686.32 | 5,412.42 | 4,112.89 | 3,344.67 |
| Revenue (₹ in Lakhs) | 84,069.98 | 97,270.61 | 90,227.47 | 53,833.90 |
| Profit After Tax (₹ in Lakhs) | 315.26 | 889.53 | 685.16 | 406.45 |
| Net Worth (₹ in Lakhs) | 3,314.15 | 2,998.90 | 2,109.37 | 1,526.21 |
| Reserves & Surplus (₹ in Lakhs) | 2,564.15 | 2,248.90 | 1,359.37 | 676.21 |
| Total Borrowing (₹ in Lakhs) | 3,281.90 | 1,660.02 | 1,383.71 | 1,206.52 |
Parmeshwar Metal IPO Valuation – FY2023
| KPI | Values |
|---|---|
| ROE: | 34.83% |
| ROCE: | 27.15% |
| EBITDA Margin: | 1.40% |
| PAT Margin: | 0.92% |
| Debt to equity ratio: | 0.55 |
| Earning Per Share (EPS): | ₹7.91 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 29.66% |
| Net Asset Value (NAV): | ₹26.66 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Rajnandini Metal Limited | 0.49 | 22.64 | 33.02% | 1.50 | 1,028.88 Cr. |
Objects of the Issue
The proceeds from the Parmeshwar Metal IPO will be used for the following purposes:
- Setting up a new manufacturing facility at Dehgam, Gujarat, for manufacturing of Bunched copper wire and 1.6 MM Copper Wire Rod
- Furnace renovation for copper melting
- To Meet Working Capital Requirements.
- General Corporate Purpose
Parmeshwar Metal Limited Contact Details
Parmeshwar Metal Limited
Office at Survey No. 130 P & 131
State Highway No. 69 Sampa Lavad Road
Village Suja Na Muvada, Post-Sampa, Dehgam-382315
Phone: +91 6357076561
Email: cs@parmeshwarmetal.com
Website: https://www.parmeshwarmetal.com/
Parmeshwar Metal IPO FAQs
What is the Parmeshwar Metal IPO?
The Parmeshwar Metal IPO is a book-built issue offering 40.56 lakh shares, aggregating up to ₹24.74 crores. The issue opens on January 2, 2025, and closes on January 6, 2025.
What is the price band of Parmeshwar Metal IPO?
The price band for the Parmeshwar Metal IPO is set at ₹57 to ₹61 per share.
What is the minimum lot size for the IPO?
The minimum lot size for the Parmeshwar Metal IPO is 2,000 shares, with a minimum investment of ₹1,10,000 for retail investors.
What is the listing date for Parmeshwar Metal IPO?
The Parmeshwar Metal IPO is expected to list on the BSE SME on January 9, 2025.
How will the IPO proceeds be used?
The proceeds from the IPO will be used for setting up a new manufacturing facility, furnace renovation for copper melting, working capital requirements, and general corporate purposes.
Who are the promoters of Parmeshwar Metal?
The promoters of Parmeshwar Metal are Mr. Shantilal Kailashchandra Shah, Mr. Suchitkumar Maheshbhai Patel, Mr. Piyush Giriraj Shah, Mr. Radheshyam Jankilal Shah, Mr. Parth Maheshbhai Patel, Mr. Pratik Radheshyam Shah, and Mrs. Kailashben Radheshyam Shah.
What is the financial performance of Parmeshwar Metal?
As of December 31, 2023, Parmeshwar Metal has reported a revenue of ₹84,069.98 lakhs, with a profit after tax of ₹315.26 lakhs. The company has shown consistent growth over the years.
How can I apply for the Parmeshwar Metal IPO?
Investors can apply for the Parmeshwar Metal IPO through online platforms or via offline applications through brokers. The IPO will be available from January 2, 2025, to January 6, 2025.