Parmeshwar Metal SME IPO Details, Financials, Valuation & Peers
Explore Parmeshwar Metal IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Parmeshwar Metal Limited is an company engaged in the manufacturing of copper wires and copper wire rods through the recycling of copper scrap. The company's manufacturing facility is located in Gandhinagar, Gujarat, where it produces high-quality copper products suited for diverse applications such as power cables, building wires, transformers, the automotive industry, and household cables. The company focuses on sustainable manufacturing practices, utilizing recycled copper scrap to minimize energy consumption and conserve natural resources. It plans to expand its product portfolio by introducing bunched copper wires, leveraging its state-of-the-art facility and experienced leadership.
Key Points:
- Business Operations:
- Core Products: Copper wire (1.6 mm) and copper wire rods (8 mm and 12.5 mm), tailored to customer specifications.
- Expansion Plans: Introducing bunched copper wires with an additional manufacturing plant at the existing facility.
- Sustainability Focus:
- Recycles copper scrap to produce copper products, significantly reducing energy usage compared to primary production methods.
- Contributes to the conservation of natural resources.
- Industry Applications: Products cater to multiple industries, including:
- Power cables and building wires.
- Transformers and automotive industries.
- Household cables and enamelled wires.
- Manufacturing Excellence:
- Equipped with modern machinery like melting furnaces, rolling mills, oxygen analyzers, and more.
- In-house testing lab ensures high-quality standards for raw materials and finished products.
Objects of the Issue
- Setting up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire
- Funding of capital expenditure for Furnace renovation
- To Meet Working Capital Requirements.
- General Corporate Purpose.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 02 Jan - 06 Jan 2025 |
| IPO Price Band | ₹57 - ₹61 per share |
| Fresh Issue | 40,56,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹24.74 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 02 Jan 2025 |
| IPO Closing Date | 06 Jan 2025 |
| Basis Of Allotment | 07 Jan 2025 |
| Refunds | 08 Jan 2025 |
| Demat Transfer | 08 Jan 2025 |
| IPO Listing Date | 09 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Oct 2024 |
|---|---|---|---|---|
| Total Income | 902.27 | 972.71 | 1,102.46 | 757.31 |
| Total Expenses | 892.82 | 960.80 | 1,092.51 | 749.67 |
| Net Profit/Loss | 6.85 | 8.90 | 7.22 | 5.70 |
| NPM (*) | 0.76 | 0.92 | 0.66 | 0.75 |
| Total Assets | 41.13 | 54.12 | 70.10 | 67.33 |
| Total Liabilities | 20.04 | 24.14 | 32.89 | 24.42 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Oct 2024 |
|---|---|---|---|---|
| EPS | 6.09 | 7.91 | 6.42 | 5.07 |
| ROE (%) | 38.64 | 34.83 | 21.49 | 14.24 |
| ROCE (%) | 21.92 | 22.39 | 17.51 | 11.72 |
| D/E Ratio | 0.66 | 0.55 | 0.59 | 0.34 |
| Current Ratio | 3.30 | 3.11 | 2.04 | 3.09 |
| EBITDA MARGIN (%) | 1.28 | 1.41 | 1.01 | 1.03 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Parmeshwar Metal Limited | 1,100.23 | 9.50 | 6.42 | 19.40 | 33.07 |
| Rajnandini Metal Limited | 1,212.43 | 18.73 | 0.55 | 26.87 | 2.05 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 177.32 |
| Non-Institutional Investor (NII/HNI) | 1202.83 |
| Retail Individual Investor (RII) | 597.09 |
| Total | 607.07 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- 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
Lead Managers
- BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Company Address
Parmeshwar Metal Limited
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
Email: cs@parmeshwarmetal.com
Website: www.parmeshwarmetal.com
FAQs
- What is the issue size of the Parmeshwar Metal SME IPO?The Parmeshwar Metal SME IPO has an issue size of ₹24.74 crore. This includes a fresh issue of 40,56,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Parmeshwar Metal IPO?The price band for the Parmeshwar Metal IPO is ₹57 - ₹61 per share.
- What are the bidding dates for the Parmeshwar Metal IPO?The Parmeshwar Metal IPO will open for bidding on 02 Jan 2025 and close on 06 Jan 2025.
- What is the allotment date for the Parmeshwar Metal IPO?The allotment date for the Parmeshwar Metal IPO is 07 Jan 2025.
- What is the minimum lot size and investment required for the Parmeshwar Metal IPO?The minimum lot size for the Parmeshwar Metal IPO is 2000 shares and the minimum investment required is ₹1,22,000.
- What is the listing date for the Parmeshwar Metal IPO?The listing date for the Parmeshwar Metal IPO is 09 Jan 2025.
- What is the Parmeshwar Metal IPO grey market premium?The grey market premium (GMP) for the Parmeshwar Metal IPO is currently at ₹38, with an expected listing gain of approximately 62.3%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.