Parmeshwar Metal IPO Allotment Status: Check Online, GMP & Subscription Status
Parmeshwar Metal Limited produces copper wires and rods by recycling copper scrap. The company's manufacturing facility is located in Dehgam, Gujarat. Parmeshwar Metal Limited offers a range of copper wire rods in sizes 1.6 mm, 8 mm, and 12.5 mm, customized to meet specific customer requirements.
The company recently came up with an IPO. The bidding for this IPO commenced on January 2, 2025, and concluded on January 6, 2025. The allotment of shares is set to be finalized on Tuesday, January 7, 2025, with the IPO expected to be listed on the BSE SME platform on Thursday, January 9, 2025.
How to Check Parmeshwar Metal IPO Allotment Status Online?
Steps to Check Parmeshwar Metal IPO Allotment Status on BSE
- Go to the IPO Allotment portal of BSE here.
- Keep the issue type as ‘Equity’
- Select ‘Parmeshwar Metal’
- Enter the details (Application no or PAN)
- Enter Captcha
- Click on ‘submit’ button
Steps to Check Parmeshwar Metal IPO Allotment Status on Link Intime
- Visit the IPO allotment page on the Link Intime India website here
- From the dropdown menu, select 'Parmeshwar Metal Ltd' from the list of companies.
- Select any one of PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status.
- Enter the required details.
- Click on 'Submit' to check the allotment status.
Permeshwar Metal IPO GMP & Other Details
The Parmeshwar Metal IPO is a book-built offering consisting entirely of a fresh issue of 40.56 lakh shares valued at ₹24.74 crores. The bidding for this IPO commenced on January 2, 2025, and concluded on January 6, 2025. The price band for the IPO is between ₹57 and ₹61 per share, with a minimum application size of 2,000 shares. Retail investors need to invest at least ₹1,22,000, while High Net-Worth Individuals (HNIs) are required to invest in a minimum of two lots (4,000 shares), amounting to ₹2,44,000. Grey Market Premium (GMP) for the IPO is ₹40 per share (as of January 7, 2025).
Parmeshwar Metal IPO Objectives
The proceeds from the fresh issue will be utilized for several purposes, including setting up a new manufacturing facility at Dehgam, Gujarat, for the production of bunched copper wire and 1.6 MM copper wire rod, renovating furnaces for copper melting, meeting working capital requirements, and addressing general corporate purposes.
Parmeshwar Metal IPO Day 3 Subscription Status
(January 6th 2025, End of Day)
The Parmeshwar Metal IPO witnessed overwhelming demand, achieving a subscription of 607.07 times by 6:19 PM (Day 3) on January 6, 2025. Retail investors showed significant interest, with the retail category subscribed 597.09 times, while the Non-Institutional Investors (NII) category saw an extraordinary subscription of 1,202.83 times. Qualified Institutional Buyers (QIB) also demonstrated strong participation, with a subscription of 177.32 times. Overall, against the 26,96,000 shares offered, a staggering 1,63,66,48,000 shares were bid for, reflecting the keen enthusiasm of 6,58,634 applicants across all categories.
Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market.
Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.