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Parmeshwar Metal IPO
Parmeshwar Metal Ltd
₹1,14,000 /2000 sharesMinimum Investment
Parmeshwar Metal IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹61.00 | ₹84.50 | ₹23.50 (38.52%) |
Parmeshwar Metal IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 2 Jan ‘25 - 6 Jan ‘25 | ₹1,14,000 | 2,000 | ₹57 - ₹61 |
| Issue Size | IPO Doc |
|---|---|
| 24.74Cr | RHP PDF |
Subscription rate
As of 06 Jan'25, 05:00 PM
| Qualified Institutional Buyers | 177.32x |
| Non-Institutional Investor | 1,200.52x |
| Retail Individual Investor | 560.86x |
| Total | 546.68x |
About Parmeshwar Metal
Founded in
2016
Managing director
Mr. Shantilal Kailashchandra Shah
Parent organisation
Parmeshwar Metal Ltd
Strengths & Financials of Parmeshwar Metal
Strengths
Risks
Parmeshwar Metal is ISO 9001:2015 certified for quality management systems.
The company operates an in-house testing laboratory at its manufacturing facility to ensure that both raw materials and finished products meet the quality standards specified by its customers.
The company states that it has maintained strong relationships with key customers. This has enabled it to retain many long-term customers, ensuring consistent product supply and fostering business growth.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 538.28 crore in FY21 to Rs 902.04 crore in FY22 to Rs 971.94 crore in FY23. PAT increased from Rs 4.06 crore in FY21 to Rs 6.85 crore in FY22 to Rs 8.89 crore in FY23.
The company's operations are concentrated in Gujarat. Any adverse developments in the business environment of the state could negatively affect its operations and finances.
The company is operating in a highly competitive industry with very low entry barriers. This poses a challenge for its sustained profitability and growth.
A major portion of the company’s sales is dependent on a limited number of customers. The top 10 customers contributed 44.17%, 46.78%, 40.78%, and 38.03% of total sales for the period ending December 31, 2023, and FY23, FY22, and FY21, respectively. A loss of any of these customers or a decline in business from any of them could adversely affect the company’s operations and financial performance.
The company has contingent liabilities amounting to Rs 8.37 crore as of December 31, 2023. These liabilities have not been accounted for by the company. If these liabilities materialise they could negatively affect the company’s finances.
Parmeshwar Metal generates its entire revenue from manufacturing copper wire rods. A decline in demand for these products could adversely affect the company's business.
Parmeshwar Metal is involved in certain pending legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of December 31, 2023, the company has an outstanding debt of Rs 32.82 crore. Any inability to repay or service these loans could adversely affect the company’s financial position.
Parmeshwar Metal Financials
*All values are in Rs. Cr
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Application Details of Parmeshwar Metal IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹57 - 61 | ₹2 - 5 Lakh |
| High Networth Individual | ₹57 - 61 | ₹2 - 5 Lakh |
For Parmeshwar Metal IPO, eligible investors can apply as Regular.