Parmeshwar Metal Ltd
Parmeshwar Metal Limited, a Gujarat-based manufacturer specializing in copper wires and rods through recycled copper scrap, is set to launch its Initial Public Offering (IPO) on January 2, 2025. This article provides a detailed overview of the IPO, including essential dates, financials, and other pertinent information for potential investors.
Company Overview
Established in August 2016, Parmeshwar Metal Limited operates an ISO 9001:2015 certified manufacturing facility in Dehgam, Gujarat. The company produces a range of copper wire rods, including 1.6 mm, 8 mm, and 12.5 mm variants, tailored to customer specifications. These products serve various industries such as power cables, building wires, transformers, automotive, and household cables.
IPO Timeline
- Open Date: January 2, 2025
- Close Date: January 6, 2025
- Basis of Allotment: January 7, 2025
- Initiation of Refunds: January 8, 2025
- Credit of Shares to Demat Accounts: January 8, 2025
- Listing Date: January 9, 2025
Price Band and Lot Size
- Price Band: ₹57 to ₹61 per equity share
- Face Value: ₹10 per share
- Lot Size: 2,000 shares
- Minimum Investment: ₹1,22,000
Key Dates
| Event | Date |
|---|---|
| IPO Open Date | January 2, 2025 |
| IPO Close Date | January 6, 2025 |
| Basis of Allotment Finalization | January 7, 2025 |
| Initiation of Refunds | January 8, 2025 |
| Credit of Shares to Demat | January 8, 2025 |
| Listing Date | January 9, 2025 |
Financials
| Metric | FY 2022 (₹ in Lakhs) | FY 2023 (₹ in Lakhs) | FY 2024 (₹ in Lakhs) | H1 FY 2025 (₹ in Lakhs) |
|---|---|---|---|---|
| Revenue | 90,227.47 | 97,270.61 | 1,10,246.35 | 75,730.83 |
| Profit After Tax | 685.16 | 889.53 | 721.93 | 570.29 |
| Net Worth | 2,109.37 | 2,998.90 | 3,720.83 | 4,291.13 |
| Total Assets | 4,112.89 | 5,412.42 | 7,010.27 | 6,732.67 |
Strengths
- Experienced Management Team: Led by seasoned promoters with extensive industry experience.
- Customized Product Offerings: Ability to tailor products to specific customer requirements.
- Strong Customer Relationships: Established connections with clients across various industries.
- Diversified Supplier Base: Robust network for sourcing raw materials.
Risks
- Fluctuating Profit Margins: Notable variations in profit after tax over recent financial years.
- Market Competition: Operating in a highly competitive industry with numerous players.
- Dependence on Copper Prices: Susceptibility to volatility in raw material (copper) prices.
IPO Anchor Investors Details
As of the latest available information, specific details regarding anchor investors have not been disclosed.
IPO Promoter Holding
| Promoter Name | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Shantilal Kailashchandra Shah | 96.33 | 70.81 |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Kostak (₹) | Subject to Sauda (₹) |
|---|---|---|---|
| January 1, 2025 | NA | NA | NA |
Note: Grey Market Premium (GMP) is subject to change and may vary based on market conditions.
Final Thoughts
Parmeshwar Metal Limited offers investors an opportunity to participate in the expanding copper manufacturing sector. The company’s strengths, including an experienced management team and customized product offerings, are noteworthy. However, potential investors should carefully consider the associated risks, such as fluctuating profit margins and market competition. Conducting thorough due diligence and consulting with financial advisors is recommended before making investment decisions.