Parmeshwar Metal IPO

Parmeshwar Metal IPO is a book-built issue valued at ₹24.74 crore, consisting entirely of a fresh issue of 40.56 lakh shares. The IPO opens for subscription on January 2, 2025, and closes on January 6, 2025. Allotment finalisation is scheduled for January 7, 2025, with listing on the BSE SME platform expected on January 9, 2025.

The price band for the IPO is set at ₹57 to ₹61 per share. Retail investors must apply for a minimum lot size of 2,000 shares, requiring an investment of ₹1,22,000. High Net-Worth Individuals (HNIs) can apply for at least two lots (4,000 shares), amounting to ₹2,44,000.

Beeline Capital Advisors Pvt Ltd serves as the book-running lead manager for the IPO, with Link Intime India Private Ltd as the registrar. Spread X Securities Private Limited is the designated market maker for the issue.

Industry Outlook

1. India produces 95 minerals, including 4 fuel, 10 metallic, 23 non-metallic, 3 atomic, and 55 minor minerals, showcasing significant resource diversity.
2. Metallic mineral production grew from $6.96 billion in FY18 to $12.76 billion in FY23P, reflecting robust growth in India’s mining sector.

Parmeshwar Metal IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

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. Funding of capital expenditure for Furnace renovation
3. To Meet Working Capital Requirements.
4. General Corporate Purpose

About Parmeshwar Metal Limited 

Parmeshwar Metal Limited, established in August 2016 in Dehgam, Gujarat, specialises in manufacturing copper wire and rods from recycled copper scrap. This ISO 9001:2015 certified company offers a diverse product range including 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each customised to meet specific customer needs. 

Parmeshwar Metal's products are integral to various industries such as power cables, building wires, transformers, the automotive sector, and household cables, encompassing both bare and enamelled wires. The facility, equipped with an in-house testing lab, ensures adherence to stringent quality and safety standards. As of December 31, 2023, the company employs 89 individuals. 

Managed by promoters with over 30 years of combined experience in the metal industry, Parmeshwar Metal is committed to operational excellence, continuous improvement, and sustainable practices by leveraging the energy-efficient process of copper recycling.

How To Check the Allotment Status of the Parmeshwar Metal IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Parmeshwar Metal IPO online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Parmeshwar Metal IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Parmeshwar Metal IPO 

Registered office: Survey No. 130 P & 131, State Highway No. 69 Sampa Lavad Road, Village Suja Na Muvada, Post-Sampa Gandhinagar, Dehgam, Gujarat382315, India

Phone: +91 6357076561

E-mail: cs@parmeshwarmetal.com 

Parmeshwar Metal IPO Reservation

Parmeshwar Metal IPO Lot Size

Parmeshwar Metal IPO Anchor Investors Details

Parmeshwar Metal IPO Promoter Holding

The company is promoted by the following individuals: Mr. Shantilal Kailashchandra Shah, Mr. Suchitkumar Maheshbhai Patel, Mr. Piyush Giriraj Shah, Mr. Radheshyam Jankilal Shah, Mr. Parth Maheshbhai Patel, Mr. Pratik Radheshyam Shah, and Mrs. Kailashben Radheshyam Shah.

Key Performance Indicators for Parmeshwar Metal IPO

As of March 31, 2024, the market capitalisation of Parmeshwar Metal's IPO is ₹93.37 crore. Here are the KPIs of Parmeshwar Metal:

Price Metrics

Parmeshwar Metal IPO Prospectus

• Parmeshwar Metal IPO RHP
• Parmeshwar Metal IPO DRHP

Parmeshwar Metal IPO Registrar and Lead Managers

Parmeshwar Metal IPO Lead Managers

• Beeline Capital Advisors Pvt Ltd

Registrar for Parmeshwar Metal IPO

Link Intime India Private Ltd

• Contact Number: +91-22-4918 6270
• Email Address: parmeshwar.smeipo@linkintime.co.in

Website: Parmeshwar Metal IPO Registrar

Financial Performance of Parmeshwar Metal Limited

Know before investing

Strengths

1. Experienced Promoters with 30+ years in the metal industry.

2. ISO 9001:2015 certified products ensure top-notch quality assurance.

3. Customised copper wires meet diverse client specifications efficiently.

4. Strong, diversified supplier base ensures consistent raw material availability.

5. Focus on customer satisfaction builds long-term client relationships.

6. Forward integration adds value and boosts operational efficiency.

7. In-house testing lab ensures quality at every production stage.

8. Geographical expansion strategy strengthens national market presence.

9. Cost efficiency focus increases profit margins for sustainable growth.

10. Experienced management complements promoters, driving company’s steady growth.

11. Leverages market expertise and relationships for competitive advantage.

12. Recycles copper scrap, promoting sustainable and eco-friendly operations.

Risks

1. Outstanding litigation of ₹4,221.80 Lakhs may impact financials.

2. 53.94% revenue concentration in Gujarat poses geographical risk.

3. Dependency on high-volume, low-margin sales affects profitability stability.

4. No long-term contracts with customers increase revenue unpredictability.

5. Quality non-compliance risks cancellation of orders and reputation.

6. Top 10 customers contribute 47.73% revenue; customer loss critical.

7. Top 10 suppliers contribute 44.61%; supplier dependency poses risk.

8. Negative cash flow in FY 2022-23 could impact growth.

9. Related party transactions may involve conflicts of interest.

10. Fluctuating copper scrap prices directly affect production costs.

11. ₹404.75 Lakhs capital expenditure unconfirmed; project delays possible.

12. Promoter conflicts with group company may affect business opportunities.

Parmeshwar Metal Limited Peer Details Comparison