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Parmeshwar Metal IPO
Price Band
₹57.0–61.0
Issue Size
₹24.74 Cr
Lot Size
2,000 shares
Min Investment
₹122,000
GMP
+₹38.0 (62.3%)
Issue Price
₹61.0
Subject to Sauda
₹57800
Paid only if allotted
Parmeshwar Metal IPO AI Summary
- Parmeshwar Metal IPO is listed on BSE SME in the Aluminium, Copper & Zinc Products sector.
- Price band: ₹57.0–₹61.0 per share, lot size 2,000 shares (min. investment ₹122,000).
- Subscription window: 02 Jan–06 Jan 2025, listing on 09 Jan 2025.
- Current GMP is +₹38.0 (62.3%), an estimated listing price of ₹99 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Parmeshwar Metal IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 06 Jan 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Parmeshwar Metal IPO Grey Market Premium (GMP) Today
GMP
+₹38.0
GMP %
+62.3%
Est. Listing
₹99.0
Updated: 25 Jul 2026 14:15
About the Company
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
Company Financials (₹ Cr)
As of 2024-10-31
| 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 |
Key Ratios
EPS
₹6.42
NAV
₹33.07
ROE
21.49%
ROCE
17.51%
RoNW
19.40%
P/B Value
1.84
P/E Ratio
9.51
Market Cap
₹93.37 Cr
PAT Margin
0.66%
Debt/Equity
0.59
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Rajnandini Metal Limited | 2.05 | 26.87% | 18.73 | 0.55 |
| Parmeshwar Metal Limited This IPO | 33.07 | 19.4% | — | 6.42 |
Promoters
Shantilal Kailashchandra Shah, Suchitkumar Maheshbhai Patel, Piyush Giriraj Shah, Radheshayam Jankilal Shah, Parth Maheshbhai Patel, Pratik Radheshyam Shah and Kailashben Radheshyam Shah
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹902.27 Cr in the year ending 31 Mar 2022, increasing to ₹972.71 Cr by 31 Mar 2023, and further rising to ₹1,102.46 Cr by 31 Mar 2024. However, the most recent figure of ₹757.31 Cr as of 31 Oct 2024 is a 9-month figure and not directly comparable to the previous full year.
Profit Trend
Profit After Tax was ₹6.85 Cr in the year ending 31 Mar 2022, rising to ₹8.90 Cr by 31 Mar 2023, before reaching ₹7.22 Cr by 31 Mar 2024. The latest figure of ₹5.70 Cr as of 31 Oct 2024 is also a 9-month figure, making it not directly comparable to the previous full year.
Valuation
Parmeshwar Metal Limited has an EPS of ₹6.42 and is priced at a P/E ratio of 9.51. Comparatively, its peer, Rajnandini Metal Limited, trades at a P/E of 18.73. This implies Parmeshwar's shares are priced at roughly 9.51 trailing earnings, versus peers trading at 18.73.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium of an IPO's shares in the grey market before they are officially listed. A positive GMP suggests that investors anticipate the stock will list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's fundamentals, market conditions, and personal investment goals.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid IPOs like this, which can be more volatile and carry higher risks.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience significant price increases on their first day of trading, others may decline. Factors influencing this include market conditions, investor sentiment, and the company's financial performance.
This evaluation is generated from Parmeshwar Metal's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Parmeshwar Metal IPO GMP today?
Parmeshwar Metal IPO GMP today is +₹38.0 (62.3%), indicating an estimated listing price of ₹99. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Parmeshwar Metal IPO?
The price band of Parmeshwar Metal IPO is ₹57.0–₹61.0 per share.
When does Parmeshwar Metal IPO open and close?
Parmeshwar Metal IPO opens on 02 January 2025 and closes on 06 January 2025.
When does Parmeshwar Metal IPO list on the stock exchange?
Parmeshwar Metal IPO listed on 09 January 2025 at ₹99.0.
What is the lot size for Parmeshwar Metal IPO?
The lot size for Parmeshwar Metal IPO is 2000 shares, requiring a minimum investment of ₹122,000.
What is the price band for the IPO?
The price band for the IPO is ₹57.0 to ₹61.0.
What is the minimum investment required?
The minimum investment required is ₹122,000.
What is the lot size for this IPO?
The lot size for this IPO is 2000 shares.
When does the IPO open and close?
The IPO opens on January 2, 2025, and closes on January 6, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of an IPO's shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
02 Jan 2025
Close
06 Jan 2025
Allotment
07 Jan 2025
Listing
09 Jan 2025
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