{"id":31753,"date":"2025-01-02T17:31:43","date_gmt":"2025-01-02T12:01:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=31753"},"modified":"2025-07-24T12:18:44","modified_gmt":"2025-07-24T06:48:44","slug":"parmeshwar-metal-ipo-key-details","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/parmeshwar-metal-ipo-key-details\/","title":{"rendered":"Parmeshwar Metal IPO: Latest GMP, Opening Date, Key IPO Details\u00a0"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/parmeshwar-metal-ipo-key-details\/#Opening_GMP_Of_Parmeshwar_Metal_Limited\" title=\"Opening GMP Of Parmeshwar Metal Limited\">Opening GMP Of Parmeshwar Metal Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/parmeshwar-metal-ipo-key-details\/#Key_Details_About_Parmeshwar_Metal_IPO\" title=\"Key Details About Parmeshwar Metal IPO&nbsp;\">Key Details About Parmeshwar Metal IPO&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/parmeshwar-metal-ipo-key-details\/#Objective_Of_The_Parsmeshwar_Metal_IPO\" title=\"Objective Of The Parsmeshwar Metal IPO&nbsp;\">Objective Of The Parsmeshwar Metal IPO&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/parmeshwar-metal-ipo-key-details\/#About_Parmeshwar_Metal_Limited\" title=\"About Parmeshwar Metal Limited&nbsp;\">About Parmeshwar Metal Limited&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Opening_GMP_Of_Parmeshwar_Metal_Limited\"><\/span><strong>Opening GMP Of Parmeshwar Metal Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Parmeshwar Metal Limited experienced a strong surge in its Grey Market Premium (GMP) of about 32.72% over the cap price of Rs 61. The premium in the unlisted market on the opening day indicated that investors are optimistic about the offer and the IPO may list with a premium at an expected price of Rs 81 (Cap price + Rs 20 GMP).&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Details_About_Parmeshwar_Metal_IPO\"><\/span><strong>Key Details About Parmeshwar Metal IPO<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2><p>The public offer of Parmeshwar Metal <a href=\"https:\/\/en.wikipedia.org\/wiki\/Initial_public_offering\" rel=\"nofollow noopener\" target=\"_blank\">IPO<\/a> is opened for initial bidding today, i.e. 2nd January 2025. It is entirely a fresh issue of 40.56 lakh shares which aggregates to a total IPO size of\u00a0 24.74 crores. The issue is set to close its bidding on 6th January 2025 and the listing date as per the RHP document is 9th January 2025.\u00a0<\/p><p>The IPO is offered at a price band of Rs 57 to Rs 61. The minimum lot size for the offer is 2000 shares which results in a minimum investment of Rs 1,22,000 for the retail segment and for the HNI segment the the lot size is 4000 shares aggregating to a minimum investment of Rs 2,44,000.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Opening Date&nbsp;<\/td><td>02\/01\/2025<\/td><\/tr><tr><td>Closing Date&nbsp;<\/td><td>06\/01\/2025<\/td><\/tr><tr><td>Basis of Allotment&nbsp;<\/td><td>On or before 07\/01\/2025<\/td><\/tr><tr><td>Refund initiation and Credit of shares<\/td><td>On or before 08\/01\/2025<\/td><\/tr><tr><td>Listing Date&nbsp;<\/td><td>09\/01\/2025<\/td><\/tr><tr><td>Face value&nbsp;<\/td><td>Rs 10&nbsp;<\/td><\/tr><tr><td>Price Band&nbsp;<\/td><td>Rs 57 to Rs 61<\/td><\/tr><tr><td>Lot Size (Retail)&nbsp;<\/td><td>2000<\/td><\/tr><tr><td>Minimum Investment (Retail)<\/td><td>Rs 1,22,000<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Objective_Of_The_Parsmeshwar_Metal_IPO\"><\/span><strong>Objective Of The Parsmeshwar Metal IPO&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ol class=\"wp-block-list\"><li>To set up a manufacturing facility in Gandhinagar, Gujrat to manufacture bunched copper wire and 1.6 MM copper wire.\u00a0<\/li>\n\n<li>To fund capital expenditure of furnace renovation<\/li>\n\n<li>To fund working capital requirement\u00a0<\/li>\n\n<li>General corporate purposes<\/li><\/ol><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Parmeshwar_Metal_Limited\"><\/span><strong>About Parmeshwar Metal Limited&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Parmeshwar Metal Limited is an SME organisation that was formerly established as a private limited company under the provisions of the Companies Act 2013. The organisation is engaged in the manufacturing of copper wire and rods through copper scrap recycling. The products manufactured by Parmeshwar Metal Limited are used in distinct set of applications which include power cables, building wires, transformers, household cables and many <a href=\"https:\/\/univest.in\/screeners\/fundamentally-strong-stocks\">other<\/a>.\u00a0<\/p><p>The current portfolio of Parmeshwar Metal Limited includes 1.6 MM , 8 MM and 12.5 MM Copper Wires rods which are tailored to customer requirements. To enhance and expand its manufacturing capabilities the company plans to use the IPO proceeds to install additional manufacturing fascility in their existing plant in Gandhinagar, Gujarat.<\/p>","protected":false},"excerpt":{"rendered":"<p>Opening GMP Of Parmeshwar Metal Limited Parmeshwar Metal Limited experienced a strong surge in its Grey Market Premium (GMP) of about 32.72% over the cap price of Rs 61. The premium in the unlisted market on the opening day indicated that investors are optimistic about the offer and the IPO may list with a premium<\/p>\n","protected":false},"author":23,"featured_media":31754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[1015,1079,1078],"class_list":["post-31753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ipo","tag-parmeshwar-ipo","tag-parmeshwar-metal-ipo"],"metadata":{"_edit_lock":["1753339725:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["73"],"rank_math_focus_keyword":["parmeshwar metal ipo, parmeshwar metal limited ipo"],"rank_math_title":["Parmeshwar Metal IPO: Latest GMP, Opening Date, Key Details"],"rank_math_description":["Parmeshwar Metal IPO: Find all detail at Univest like 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