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Open
2 Jan 2025
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Close
6 Jan 2025
3
Allotment
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Listing
Thu, Jan 9, 2025
Price Band
₹57 to ₹61
Issue Size
40,56,000 shares (agg. up to ₹25 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Jan 9, 2025
Latest GMP
₹38
Est. Gain
62.3%
✦ AI Insight
GMP Trend
09-01-2025₹38Est. ₹99+62.3%
08-01-2025₹38Est. ₹99+62.3%
07-01-2025₹41Est. ₹102+67.21%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 425.12x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 67.33 | 70.10 | 54.12 | 41.13 |
| Total Income | 757.31 | 1,102.46 | 972.71 | 902.27 |
| Profit After Tax | 5.70 | 7.22 | 8.90 | 6.85 |
| NET Worth | 42.91 | 37.21 | 29.99 | 21.09 |
| Reserves and Surplus | 31.66 | 29.71 | 22.49 | 13.59 |
| Total Borrowing | 14.69 | 21.89 | 16.60 | 13.84 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sunlite Recycling Industries Ltd. | SME | ₹30.24 Cr | ₹105 | 9.43 | ₹209.45 | +99.48% | ₹427.50 (-2.66%) |
| Rajputana Industries Ltd. | SME | ₹23.88 Cr | ₹38 | 11.81 | ₹75.80 | +99.47% | ₹79.15 (+4.70%) |
| Aluwind Architectural Ltd. | SME | ₹29.70 Cr | ₹45 | 30.41 | ₹47.25 | +5.00% | ₹45.10 (-3.01%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire (Proposed project) | 2.18 |
| 2 | Funding of capital expenditure for Furnace renovation | 1.87 |
| 3 | To meet working capital requirements | 13.92 |
| 4 | General Corporate Purposes | 4.02 |
| 5 | Issue Expenses | 2.75 |
| Total | 24.74 |
About Parmeshwar Metal IPO
Incorporated in August 2016, Parmeshwar Metal Limited manufactures copper wire and rods by recycling copper scrap. The company's manufacturing unit is situated in Dehgam, Gujarat. The company is an ISO 9001:2015 certified business offering a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each tailored to meet customer specifications. The company's products are used in various industries such as power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires. As of December 31, 2023 the company employees a total 89 Employees. Competitive Strength Experienced Promoter and Management Team Strong relationship with customers Customized Product Offering Strong and diversified supplier base for sourcing raw materials + Read More
Contact Details
Parmeshwar Metal Ltd. AddressOffice at Survey No.130 P & 131State Highway No.69 Sampa Lavad RoadVillage Suja Na Muvada, Post-Sampa, DehgamGandhinagar, Gujarat, 382315+91 6357076561cs@parmeshwarmetal.comVisit Website