₹ 122000
₹57- ₹61
2000
₹84
38
6 Jan 2025
Download8 Jan 2025
9 Jan 2025
Application Details
The Parmeshwar Metal IPO is scheduled to open on January 2, 2025, and close on January 6, 2025. The IPO is a Book Built Issue with a price band set between ₹57 and ₹61 per share and a face value of ₹10 per share. Investors are required to bid in lot sizes of 2,000 shares. The total issue size is 40,56,000 shares, aggregating to ₹24.74 crore, entirely comprising a fresh issue. The company will be listed on the BSE SME platform.
The IPO reserves not more than 50% of the net issue for Qualified Institutional Buyers (QIB), not less than 35% for retail investors, and the remaining 15% for Non-Institutional Investors (HNI). Retail investors can apply for a minimum of one lot (2,000 shares) amounting to ₹1,22,000, while HNI investors can bid for at least two lots (4,000 shares) for ₹2,44,000.
Key dates include the basis of allotment finalization on January 7, 2025, initiation of refunds and credit of shares to demat accounts on January 8, 2025, and the listing date on January 9, 2025. Investors must confirm UPI mandates by 5 PM on January 6, 2025, to ensure successful application processing.
About Parmeshwar Metal Limited (SME IPO)
Incorporated in August 2016, Parmeshwar Metal Limited is engaged in the manufacturing of copper wires and rods by recycling copper scrap. The company operates an ISO 9001:2015-certified manufacturing unit located in Dehgam, Gujarat, ensuring adherence to quality standards.
Parmeshwar Metal Limited's product portfolio includes copper wire rods in sizes of 1.6 mm, 8 mm, and 12.5 mm, each designed to meet specific customer requirements. These products find applications across diverse industries, including power cables, building wires, transformers, automotive components, household cables, and bare or enamelled wires.
As of December 31, 2023, the company employed a total of 89 individuals across various roles.
The company's competitive strengths include an experienced promoter and management team, strong customer relationships, and the ability to deliver customized product offerings. Its diversified supplier base for sourcing raw materials further enhances its operational efficiency and reliability.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.