243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Parmeshwar Metal Limited

Gandhinagar

Date of DRHP : 30 Jun 2024

Issue Type : Book Building Process

IPO Type :
SME IPO

Parmeshwar Metal Basic Details

   Metal

Sub Sector: manufacturing of copper wire and copper wire rods by recycling of copper scrap

Exchange:
BSE Emerge

About the Company

Parmeshwar Metal is ISO 9001:2015 certified company, engaged in the business of manufacturing of copper wire and copper wire rods by recycling of copper scrap. Parmeshwar Metal manufacturing facility is situated at Survey No. 130P, 131, 130/1 & 130/2 State Highway No. 69 Sampa Lavad Road, Village Suja Na Muvada, Post-Sampa Gandhinagar, Dehgam, Gujarat- 382315, India. Parmeshwar Metal manufacture copper wire rods that are ideally suited for a wide array of applications. These applications include power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires. Parmeshwar Metal object is to create consistent value for their customer by delivering good quality products and best services at optimum cost through continue improvement, maintaining integrity and excellence in all the aspects of our operations. Parmeshwar Metal Product Portfolio offers 1.6 MM, 8 MM, and 12.5 MM copper wire rods and each available tailored made to meet customer specifications. At their manufacturing facility, they have an in-house testing lab, for testing our raw materials and finished products to match the quality standards as specified and required by their customers. Parmeshwar Metal  strive to meet the health and safety standards in our manufacturing process by providing safety tools like fire safety helmets, shoes, hand gloves, face visor, welding black goggles etc. Copper is one of the most recycled metals of all the metals. The recycling of copper scrap is gaining importance worldwide simply because of the fact that recovery of copper metal from scrap requires much less energy than its recovery made from primary source. Besides, it enables conservation of natural resources. These industries require usage of various machines such as Chimney, Compressed Air Dryer, Baling Press, Melting Furnace, Weighbridge and Scale, Oxygen Analyzers, DG Set, and Rolling Mill etc. The Company is managed by their Promoters, having combined experience of 35 years in metal industry and they are responsible for quality control, process improvement, Operations & Management, Human Resource & administration. Also, our Promoters are responsible for financial aspects of the company along with marketing, vendor management, business planning and development. Their understanding of the consumer difficulty, intuitive entrepreneurship and involvement in key aspects of their business has helped accelerate and drive our profitable growth. Parmeshwar Metal  believe that the sector-specific experience and expertise of our promoters has contributed significantly in the growth of their Company. The vision of the Company is to manufacture and supply quality products and meet the customers need.

Financial Summary (Annualised Basis)

Revenue :
1118.93 Cr.

PAT :
4.20 Cr.

Parmeshwar Metal IPO Lead Manager(s)

Beeline Capital Advisors Private Limited

Parmeshwar Metal IPO Registrar

Link Intime India Private Limited

Parmeshwar Metal DRHP Details

Objects of issue

  • Setting up a new manufacturing facility at Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire Rod
  • Furnace renovation for copper melting
  • To Meet Working Capital Requirements
  • General Corporate Purpose

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FAQs

Parmeshwar Metal operates in Metal and manufacturing of copper wire and copper wire rods by recycling of copper scrap. The Issue would be listed on SME. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Parmeshwar Metal is Book Building Process and Object of issue is

  • Setting up a new manufacturing facility at Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire Rod
  • Furnace renovation for copper melting
  • To Meet Working Capital Requirements
  • General Corporate Purpose

The DRHP (Draft Red Herring Prospectus) of Parmeshwar Metal IPO was filed on 30 Jun 2024.

No, Parmeshwar Metal IPO is not yet listed. See other upcoming SME IPOs here.

The IPO open date and IPO close date of Parmeshwar Metal are not available now. You can apply in Parmeshwar Metal IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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