Parmeshwar Metal came to market through an SME IPO that opened on 2 January 2025 and closed on 6 January 2025, and the shares listed on 9 January 2025 on BSE SME. The price band was ₹57 to ₹61 per share and one lot was 2000 shares, so the minimum application was ₹1,22,000. The issue size was ₹24.74 crore. The whole issue was fresh shares, so the money raised went to the company.
Link Intime India Private Ltd was the registrar to the issue, and Beeline Capital Advisors Pvt Ltd was the lead manager.
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Incorporated in August 2016, Parmeshwar Metal Limited is a copper wire and rods manufacturer through the recycling of copper scrap. The manufacturing unit of the company is located in Dehgam, Gujarat. The company is an ISO 9001:2015 certified business with a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each designed according to customer specifications.
The various products of the company are utilized in industries like power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires. As of December 31, 2023, the company employs a total of 89 employees.
As described in the offer document.
Mr Shantilal Kailashchandra Shah, Mr Suchitkumar Maheshbhai Patel, Mr Piyush Giriraj Shah, Mr Radheshayam Jankilal Shah, Mr Parth Maheshbhai Patel, Mr Pratik Radheshyam Shah, Mrs Kailashben Radheshyam Shah.. Promoter holding 96.33% before the issue and 70.81% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Parmeshwar Metal IPO was a ₹24.74 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹57–₹61 per share with a lot size of 2,000 shares (₹1,22,000). The IPO was open from January 2 to January 6, 2025. Shares listed on BSE SME on January 9, 2025 at ₹84.50, a 38.5% premium to the issue price of ₹61. Link Intime India Private Ltd is the registrar.
Beeline Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Parmeshwar Metal IPO is ₹57 to ₹61 per share.
The lot size of Parmeshwar Metal IPO is 2000 shares.
The minimum investment for Parmeshwar Metal IPO is approximately ₹1,22,000 based on the upper price band.
The allotment date of Parmeshwar Metal IPO is Jan 7, 2025.
No GMP quote could be verified as recorded before Parmeshwar Metal IPO listed. A grey-market observation of ₹35 per share was recorded on 9 Jan 2025, 7:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹84.5. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Parmeshwar Metal IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Parmeshwar Metal IPO allotment status on Rupix for quick and easy access.
₹57 to ₹61 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,22,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,22,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 2 January 2025 and closed on 6 January 2025.
The basis of allotment was published on 7 January 2025 by Link Intime India Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 9 January 2025 on BSE SME.
The issue size was ₹24.74 crore. The fresh issue was 40,56,000 shares (aggregating up to ₹24.74 crore).