Office at Survey No. 130 P & 131
State Highway No. 69 Sampa Lavad Road
Village Suja Na Muvada, Post-Sampa, Dehgam-382315
Phone: +91 6357076561
Email: cs@parmeshwarmetal.com
Website: https://www.parmeshwarmetal.com/
Last updated on 06-Jan-2025 19:01:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 770000 | 136534000 | 177.32 |
| HNIs | 578000 | 695426000 | 1203.16 |
| Retail | 1348000 | 804882000 | 597.09 |
| Total | 2696000 | 1636842000 | 607.14 |
| Total Applications: 661429 | |||
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹14.5 | @8% ₹16.6 | @9% ₹18.7 | @10% ₹20.7 | @11% ₹22.8 | @12% ₹24.9 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹98.5 | @8% ₹112.6 | @9% ₹126.7 | @10% ₹140.8 | @11% ₹154.8 | @12% ₹168.9 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 122000 | 674 |
| HNI | 2 | 4000 | 244000 | 289 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.23% | 1348000 |
| NII (HNI) | 14.25% | 578000 |
| Anchor | 28.45% | 1154000 |
| QIB | 18.98% | 770000 |
| Market Maker | 5.08% | 206000 |
| Total | 100.00% | 4056000 |
Parmeshwar Metal IPO Details
| Issue Size | 40,56,000 shares (aggregating up to ₹24.74 Cr) |
| Fresh Issue | 40,56,000 shares (aggregating up to ₹ 24.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,53,06,000 shares |
| Market Maker Portion | 2,06,000 shares |
| Market Maker | Spread X Securities |
Key Performance Indicator
| KPI | Oct-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 14.24% | 21.49% | 34.83% |
| ROCE | 11.72% | 17.51% | 22.39% |
| RONW | 13.29% | 19.40% | 29.66% |
| D/E | 0.34 | 0.59 | 0.55 |
| EPS (Diluted) | 5.07 | 6.42 | 7.91 |
| P/E Pre IPO | 9.51 | ||
| P/E Post IPO | 9.55 |
Company Financials In Lakhs
| Period Ended | Oct-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 6,733 | 7,010 | 5,412 | 4,113 |
| Revenue | 75,731 | 110,246 | 97,271 | 90,227 |
| Profit After Tax | 570 | 722 | 890 | 685 |
| Net Worth | 4,291 | 3,721 | 2,999 | 2,109 |
| Reserves and Surplus | 3,166 | 2,971 | 2,249 | 1,359 |
| Total Borrowing | 1,469 | 2,189 | 1,660 | 1,384 |
About Company
Parmeshwar Metal Limited, incorporated in August 2016, specializes in manufacturing copper wire and rods by recycling copper scrap. The company operates an ISO 9001:2015 certified manufacturing unit located in Dehgam, Gujarat, producing copper wire rods in sizes of 1.6 mm, 8 mm, and 12.5 mm, tailored to meet specific customer requirements. Its products serve a wide range of industries, including power cables, building wires, transformers, the automotive sector, household cables, and bare and enameled wires. As of December 31, 2023, Parmeshwar Metal Limited employs 89 individuals, reflecting its commitment to quality production and customer satisfaction.
Strength
Experienced Leadership: Led by a skilled promoter and management team with deep industry expertise.
Customer Relationships: Maintains strong, long-term relationships with a diverse customer base.
Tailored Products: Offers customized copper wire rods to meet specific customer needs across various industries.
Weakness
Litigation Risks: Outstanding legal proceedings could negatively impact the company's reputation, operations, and financial performance if resolved unfavorably.
Geographical Concentration: Heavy reliance on operations in Gujarat makes the company vulnerable to region-specific adverse developments.
Low Margin Business: Operating in a high-volume, low-margin industry poses challenges to profitability and financial stability.