PARMESHWAR METAL LIMITED
PARMESHWAR METAL LIMITED
Price Band
₹57 - ₹61
Total Issue
₹24.74 Cr
Bid Dates
02 Jan - 06 Jan
Subscription
x
Est. GMP
₹0 (0.00%)
Tentative Timetable
Business Overview
Parmeshwar Metal Limited  is an ISO 9001:2015 certified company based in Gujarat, India. Originally incorporated as Parmeshwar Metal Private Limited in August 2016, it transitioned to a public limited company in January 2024.
The company specializes in manufacturing copper wire and copper wire rods through copper scrap recycling. Its products serve a broad range of industries, including power, construction, automotive, and electrical. With a focus on quality, cost-efficiency, and continuous improvement, Parmeshwar Metal Limited operates from its facility in Suja Na Muvada, Gandhinagar district, Gujarat.
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Individual (Min) | 1 | 2,000 | ₹1,22,000 |
| Individual (Max) | 1 | 2,000 | ₹1,22,000 |
| S-HNI (Min) | 2 | 4,000 | ₹2,44,000 |
| S-HNI (Max) | 8 | 16,000 | ₹9,76,000 |
| B-HNI (Min) | 9 | 18,000 | ₹10,98,000 |
Issue Size
Objects of Issue
1.Setting up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire
2.Funding of capital expenditure for Furnace renovation
3.To Meet Working Capital Requirements.
4.General Corporate Purpose
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|
PARMESHWAR METAL IPO Peer Comparison
(Rs. in crores)
| Particulars | Co. | Rajnandini Metal |
|---|---|---|
| Revenue from Ops (in Crs.) | 1,100.23 | 1,212.43 |
| PAT (In Crs.) | 7.22 | 15.24 |
| EPS - Basic | 6.42 | 0.55 |
| NAV per share | 33.07 | 2.05 |
| RONW | 19.40 | 26.87 |
| EBITDA | 1.01 | 1.77 |
| PAT Margin | 0.66 | 1.26 |
| Price to earning (PE) | 9.50 | 18.73 |
All the information pertains to FY 2023-24
The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2024 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Oct-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 755.76 | 1,100.23 | 971.94 | 902.04 |
| Profit after Tax | 5.70 | 7.22 | 8.90 | 6.85 |
| Net Worth | 42.91 | 37.21 | 29.99 | 21.09 |
| Total Borrowing | 14.69 | 21.89 | 16.60 | 13.84 |
| Total Assets | 67.33 | 70.10 | 54.12 | 41.13 |
| NAV per share (in ₹) | 38.14 | 33.07 | 26.66 | 18.75 |
| EPS - Basic (in ₹) | 5.07 | 6.42 | 7.91 | 6.09 |
KPIs
EBITDA
1.01
PAT
0.66
ROE
21.49
ROCE
17.51
PE Ratio
9.50
PB Ratio
1.84
Mkt Cap (in Crs.)
93.37
All Ratios are based on Mar 24
PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Shareholding
Promoter
38.72%
Public
61.28%
Management
Subscription Status
Updated as on Last updated time: N/A
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| Total | - | 29,02,000 |
Frequently Asked Questions
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How to apply PARMESHWAR METAL IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply PARMESHWAR METAL IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply PARMESHWAR METAL IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select PARMESHWAR METAL IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date