Parmeshwar Metal IPO Price and GMP Explained

Parmeshwar Metal IPO is set to open on 02 January 2025, making it an exciting opportunity for investors interested in SME IPOs. The issue will close on 06 January 2025, with the shares expected to list on 09 January 2025. Let’s explore the key details of the Parmeshwar Metal IPO Date, including its price, GMP, and allotment dates.

About Parmeshwar Metal Limited

Established in August 2016, Parmeshwar Metal Ltd specializes in recycling copper scraps into high-quality copper rods and wires. The company’s products cater to industries like power cables, transformers, building wires, and the automotive sector. Its manufacturing unit is in Dehgam, Gujarat, and it is an ISO 9001:2015 certified organization.

Parmeshwar Metal IPO Highlights

• IPO Opening Date: 02 January 2025

• IPO Closing Date: 06 January 2025

• IPO Price: ₹57 to ₹61 per share

• Lot Size: 2000 shares

• Issue Size: ₹24.74 crore (40.56 lakh shares)

• Listing Exchange: BSE, SME

• Registrar: Link Intime India Private Ltd

Financial Overview

The company reported a revenue growth of 13% for FY2024, though its PAT declined by 19% compared to FY2023. As of 31 October 2024, Parmeshwar Metal’s total assets stood at ₹6,732.67 lakh, with a net worth of ₹4,291.13 lakh.

Parmeshwar Metal IPO GMP Today

As of 31 December 2024, the Grey Market Premium (GMP) for Parmeshwar Metal IPO has not yet started. Keep an eye on IPO news for the latest updates.

IPO Timetable (Tentative)

• Allotment Date: 07 January 2025

• Refund Initiation: 08 January 2025

• Listing Date: 09 January 2025

Investment Insights

The IPO is attractively priced with a P/E ratio of 9.50x, lower than the industry average of 18.73x, indicating potential undervaluation. However, risks like high debt levels and raw material price volatility must be considered.

Conclusion

The Parmeshwar Metal IPO offers an opportunity to invest in a growing SME in the copper recycling industry. With experienced management and a diversified product portfolio, the company shows promise. However, investors should review the financials and market conditions before making a decision.