Parmeshwar Metal Ltd. was incorporated on August 04, 2016. The company specializes in manufacturing copper wire and copper wire rods by recycling copper scrap. These copper wire rods are used in various applications, including power cables, building wires, transformers, automotive industry components, household cables, and both bare and enamelled wires
| Bidding Dates |
|---|
| 02 Jan 2025 - 06 Jan 2025 |
| Subscription |
|---|
| 564.04x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 2000 | 4.1 M | ₹57 - ₹61 | 70.81 % | ₹231.2 M - ₹247.4 M | RHP DOC |
Parmeshwar Metal Ltd. IPO SUBSCRIPTION STATUS
06 Jan '25Parmeshwar Metal Ltd. IPO overall subscription rate was 564.04 times the total available shares
Parmeshwar Metal Ltd. IPO retail subscription rate was 792.44 times in the retail segment
Parmeshwar Metal Ltd. IPO non-institutional investor subscription rate was 1597.58 times in the non-institutional investor category
Parmeshwar Metal Ltd. IPO Qualified Institutional Bidder subscription rate was 94.1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Jan 2025 (Day 3) | 792.44x | 1597.58x | 94.1x |
03 Jan 2025 (Day 2) | 102.01x | 39.99x | 0.52x |
02 Jan 2025 (Day 1) | 31.1x | 12.82x | - |
Parmeshwar Metal Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 7MFY25 | 57.0 | 7,557.6 | 63.0 | 56.2 | 1.0% |
| FY24 | 72.2 | 11,002.3 | 12.8 | -0.6 | 1.0% |
| FY23 | 89.0 | 9,719.4 | -22.5 | -43.0 | 1.4% |
| FY22 | 68.5 | 9,020.4 | 46.5 | 37.5 | 1.3% |
Parmeshwar Metal Ltd. IPO SUBSCRIPTION STATUS DETAILS
Parmeshwar Metal Ltd. had 4.1 M shares on offer
Parmeshwar Metal Ltd. IPO offer price was in the range ₹57 - ₹61
Parmeshwar Metal Ltd. IPO minimum Investment was ₹114000
Parmeshwar Metal Ltd. IPO issue size was ₹ 231.2 M - ₹ 247.4 M
Parmeshwar Metal Ltd. had a minimum lot size of 2000 Shares per application
Parmeshwar Metal Ltd. NUMBER OF SHARES ON OFFER
Parmeshwar Metal Ltd. IPO IMPORTANT DATES
| Issue Open Date | 02 Jan 2025 |
| Issue close Date | 06 Jan 2025 |
| Allotment Date | 07 Jan 2025 |
| Refund Date | 08 Jan 2025 |
| Demat Account Credit Date | 08 Jan 2025 |
| Listing Date | 09 Jan 2025 |
| Listing on Exchange(s) | BSE |
| Parmeshwar Metal Ltd. Allotment Status | Exchange |
Parmeshwar Metal Ltd. IPO subscription opened on 02 Jan 2025, and closed on 06 Jan 2025
IPO allotment for Parmeshwar Metal Ltd. was finalized on Tuesday, 07 Jan 2025
IPO listing for Parmeshwar Metal Ltd. was on BSE on Thursday, 09 Jan 2025
Parmeshwar Metal Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 61.0 |
| Listing Open Price | 84.5 |
| Listing Close Price | 88.7 |
| Listing Gain% | 38.5% |
| Current Gain% | 219.7% |
Parmeshwar Metal Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Parmeshwar Metal Ltd. | 195 | 298.5 | 9.2 | 0 | 0.2 | 31.8 | 23.3 | 1976.2 | 42.7 | 32.5 | 196 | 21.2 | 196 |
| Havells India Ltd. | 1288 | 80750.1 | 49.4 | 3.2 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2717 | 78154.9 | 20.5 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16631 | 66829.5 | 56.6 | 1.7 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1047.2 | 47537.8 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37900 | 33509.3 | 60.8 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
Parmeshwar Metal Ltd. INFORMATION ON IPO ISSUE
About Parmeshwar Metal Ltd.
Parmeshwar Metal Ltd. was incorporated on August 04, 2016. The company specializes in manufacturing copper wire and copper wire rods by recycling copper scrap. These copper wire rods are used in various applications, including power cables, building wires, transformers, automotive industry components, household cables, and both bare and enamelled wires
Object of the Issue
- 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 purposes
Parmeshwar Metal Ltd. - PROMOTERS
| Name |
|---|
| Shantilal Kailashchandra Shah |
| Suchitkumar Maheshbhai Patel |
| Piyush Giriraj Shah |
| Radheshayam Jankilal Shah |
| Parth Maheshbhai Patel |
| Pratik Radheshyam Shah |
| Kailashben Radheshyam Shah |
Parmeshwar Metal Ltd. Lead Manager of the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Parmeshwar Metal Ltd. Registrar to the issue
Link Intime India Private Limited
parmeshwar.smeipo@linkintime.co.in
Parmeshwar Metal Ltd. Strengths
Quality assurance
From raw material procurement to the dispatch of final products, they ensure quality inspection at every stage. Each output is sent to their in-house lab for testing, and any product that does not meet the standards is rejected
Customized product offering
The company customizes its product portfolio to meet customer specifications, offering copper wire rods in 1.6 MM, 8 MM, and 12.5 MM sizes. This capability ensures efficient resource allocation, maximizing profitability, and minimizing waste
Strong and diversified supplier base
The company relies on sourcing copper scrap as a key raw material for its manufacturing facilities, procuring it from various Indian states such as Gujarat, Madhya Pradesh, and Tamil Nadu, along with imports from countries like UAE, Hong Kong, and Singapore
Parmeshwar Metal Ltd. Risks
Concentrated in Gujarat
The company's operations are concentrated in Gujarat, and any adverse developments in the state could negatively impact its business, operations, and financial condition
High volume-low margin business
Due to the nature of the products, the company may struggle to charge higher margins. Therefore, its business model relies on effectively growing turnover and managing key processes such as raw material procurement, timely order execution, and cost control of non-core activities
Quality requirements
The company is subject to strict quality requirements and incurs significant expenses to maintain product quality. Failure to comply with these standards could result in order cancellations, negatively impacting its reputation, financial condition, cash flows, and results of operations
IPO FAQs
The promoters of the company are Shantilal Kailashchandra Shah, Suchitkumar Maheshbhai Patel, Piyush Giriraj Shah, Radheshayam Jankilal Shah, Parth Maheshbhai Patel, Pratik Radheshyam Shah and Kailashben Radheshyam Shah.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 57.0 - 61.0.
The IPO application opens on Jan 02, 2025 and closes on Jan 06, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 122,000.0.
This IPO will be allotted on Jan 07, 2025.
The refund will be credited to your account on Jan 08, 2025.
The allotted shares will be credited to your demat on Jan 08, 2025.
Parmeshwar Metal Ltd.’s shares listed on the stock exchanges on Jan 09, 2025.