Parmeshwar Metal Limited is engaged in the business of manufacturing of copper wire and copper wire rods by recycling of copper scrap. They manufacture copper wire and copper wire rods that are ideally suited for a wide array of applications. These applications include power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires.
Parmeshwar Metal, an Book Built Issue amounting to ₹24.74 Crores, consisting entirely an Fresh Issue of 40.56 Lakh Shares. The subscription period for the Parmeshwar Metal IPO opens on January 02, 2025, and closes on January 06, 2025. The allotment is expected to be finalized on or about Tuesday, January 07, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Thursday, January 9, 2025.
The Share price of Parmeshwar Metal IPO is set at ₹61 per equity share. The Market Capitalisation of the Parmeshwar Metal Limited at IPO price of ₹61 per equity share will be ₹93.36 Crores. The lot size of the IPO is 2,000 shares. Retail investors are required to invest a minimum of ₹1,22,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹2,44,000.
BEELINE CAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager while LINK INTIME INDIA PRIVATE LIMITED is the registrar for the Issue. Spread X Securities Private Limited is Marker Maker for the Parmeshwar Metal IPO.
Parmeshwar Metal Limited IPO GMP Today
The Grey Market Premium of Parmeshwar Metal Limited IPO is expected to be ₹33 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Parmeshwar Metal Limited Day Wise IPO GMP Trend
|
Date |
IPO Price |
Expected Listing Price |
GMP |
Last Updated |
| 04 January 2025 | ₹ 61 | ₹ 94 | ₹33 (54.64%) | 01:00 PM; 04 Jan 2025 |
| 03 January 2025 | ₹ 61 | ₹ 79 | ₹18 (29.51%) | 05:00 PM; 03 Jan 2025 |
| 02 January 2025 | ₹ 61 | ₹ 79 | ₹18 (29.51%) | 05:00 PM; 02 Jan 2025 |
|
01 January 2025 |
₹ 61 |
₹ 73 |
₹ 12 (19.67%) |
07:00 PM; 01 Jan 2025 |
Parmeshwar Metal Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 06 January, 2025, the Parmeshwar Metal IPO live subscription status shows that the IPO subscribed 564.04 times on its Final day of subscription period. Check the Parmeshwar Metal IPO Live Subscription Status Today at BSE.
Parmeshwar Metal IPO Anchor Investors Report
Parmeshwar Metal has raised ₹7.03 Crores from Anchor Investors at a price of ₹61 per shares in consultation of the Book Running Lead Managers. The company allocated 11,54,000 equity shares to the Anchor Investors. Check Full List of Parmeshwar Metal Anchor Investor List.
Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion
Parmeshwar Metal Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Parmeshwar Metal IPO allotment date is 07 January, 2025, Tuesday. Parmeshwar Metal IPO Allotment will be out on 7th January, 2025 and will be live on Registrar Website from the allotment date. Check Parmeshwar Metal IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Parmeshwar Metal Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Parmeshwar Metal Limited IPO
Parmeshwar Metal proposes to utilise the Net Proceeds towards the following objects:
1. ₹218.08 Lakh is required for Setting up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire (“Proposed project”)
2. ₹186.67 Lakh is required for Funding of capital expenditure for Furnace renovation
3. ₹1,392.17 Lakh is required to Meet Working Capital Requirements.
4. General Corporate Purpose.
Refer to Parmeshwar Metal Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
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|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
| 2 | Document Collection – You share invoices and required details digitally. | 1–2 Days |
| 3 | Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC. | 1 Day |
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| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
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| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
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|---|---|---|
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| 2 | Document Collection – Required invoices, returns, and records are gathered. | 1–2 Days |
| 3 | Case Analysis – Detailed examination of discrepancies and legal provisions. | 1 Day |
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Estimated Resolution Time: 2–4 Working Days
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| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Return Type Identification – We identify applicable returns based on your business. | Same Day |
| 2 | Document Collection – You share invoices and required details digitally. | 1–2 Days |
| 3 | Data Review & ITC Reconciliation – Our experts verify data and reconcile ITC. | 1 Day |
| 4 | GST Return Preparation – Accurate preparation of GSTR-1 / GSTR-3B / other returns. | 1 Day |
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|---|---|---|
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| 3 | Case Analysis – Detailed evaluation of discrepancies and legal provisions. | 1 Day |
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| Step | Process | Timeline |
|---|---|---|
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| 2 | Document Collection – Required documents and business details collected. | Same Day |
| 3 | Application Preparation – IEC registration application prepared on DGFT portal. | 1 Day |
| 4 | Online Submission – Application filed on the DGFT website. | Same Day |
| 5 | Verification & Processing – DGFT verifies application details. | 1–2 Days |
| 6 | IEC Certificate Issued – Import Export Code generated and delivered via email. | — |
Estimated Total Duration: 1–3 Working Days
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