Parmeshwar Metal IPO

Parmeshwar Metal Ltd

₹1,14,000 /2000 sharesMinimum Investment

Parmeshwar Metal IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
2 Jan ‘25 - 6 Jan ‘25₹1,14,0002,000₹57 - ₹61
Issue SizeIPO Doc
24.74Cr
RHP PDF

Subscription rate

As of 03 Jan'25, 06:00 PM
Qualified Institutional Buyers0.98x
Non-Institutional Investor22.20x
Retail Individual Investor76.86x
Total41.96x

About Parmeshwar Metal

Parmeshwar Metal is a manufacturer of copper wires and copper wire rods. The company recycles copper scrap to produce these products. The rods produced are used in power cables, building wires, transformers, the automotive sector, household cables, and bare and enamelled wires. The company's product range includes rods in sizes 1.6 mm, 8 mm, and 12.5 mm.;
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.

Parmeshwar Metal Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Parmeshwar Metal IPO

Apply asPrice bandApply upto
Regular57 - 61₹2 Lakh
High Networth Individual57 - 61₹2 - 5 Lakh
For Parmeshwar Metal IPO, eligible investors can apply as Regular.
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