Parmeshwar Recycling Receives Exchange Approval for IPO Launch

Parmeshwar Recycling has received approval from the exchange to proceed with its Initial Public Offer (IPO) as of January 28, 2026. The company will now begin the next stages required for launching the issue, subject to market conditions and additional regulatory approvals.

The approval granted by the exchange will remain valid for a period of 12 months from the date of issuance. With this clearance, the company moves closer to listing on the NSE SME platform.

IPO Structure and Listing Details

The proposed IPO of Parmeshwar Recycling is a Book Build Issue consisting solely of a fresh issue of up to 0.35 crore equity shares. According to the filing, the equity shares are proposed to be listed on the NSE SME platform.

Cumulative Capital Pvt. Ltd. has been appointed as the book running lead manager for the offering. Cameo Corporate Services Ltd. will serve as the registrar to the issue, while details such as price band, lot size and issue dates will be announced in due course.

Company Background and Business Operations

Parmeshwar Recycling Limited was incorporated in 2018 and operates in the manufacturing and supply of aluminium‑based products. Its product range includes high‑purity aluminium ingots of about 98%, aluminium alloy ingots composed of aluminium, silicon and copper, and various forms of aluminium de‑oxidisers such as notch bars, cubes and shots.

These products are primarily used in steel and alloy manufacturing processes. The company also engages in trading non‑ferrous metal scrap, including aluminium, copper and magnesium.

Raw Material Sourcing and Production Footprint

The primary raw material used by the company is aluminium scrap sourced domestically and through imports. Key import origins include the United States, the United Kingdom, Europe, Italy, Singapore and select Middle Eastern countries.

The company’s manufacturing facility and registered office are located in Lavad, Gandhinagar, Gujarat. The facility spans an area of approximately 8,870 square metres, supporting both production and administrative operations.

Sectoral Context and Growth Considerations

Parmeshwar Recycling operates in a segment linked closely to industrial, infrastructure and manufacturing demand. Aluminium ingots and de‑oxidisers are critical inputs for steelmaking and alloy production, supporting multiple downstream sectors.

The company's ability to source raw materials globally strengthens its operational resilience. The upcoming IPO may enable expansion of manufacturing capabilities and supply chain enhancements.

Read More: Canara Robeco Mutual Fund Files Draft with SEBI for Banking and Financial Services Fund.

Conclusion

The exchange approval marks a significant milestone for Parmeshwar Recycling as it moves toward its proposed NSE SME listing. The Book Build Issue, comprising only fresh shares, positions the company to raise growth capital upon launch.

With its established manufacturing base and diversified product portfolio, the firm is preparing for its next phase of expansion. Final IPO details will become available as the company progresses through regulatory and market‑related steps.

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