The Parmeshwar Metal IPO, open from January 2 to January 6, 2025, garnered a phenomenal response, being subscribed over 607 times overall. With a price band set between ₹57 to ₹61 and a minimum investment of ₹1.22 lakh, it’s clear why this IPO is the talk of the town. The Grey Market Premium (GMP) predicts a listing price of approximately ₹101, promising substantial gains for investors. Share allotment will be finalized on January 7, and trading begins on the BSE SME platform on January 9, 2025. Here’s a detailed look at everything you need to know about the Parmeshwar Metal IPO subscription status, allotment, and pricing.
Parmeshwar Metal IPO Subscription Status
The IPO achieved an overwhelming response across investor categories:
- Qualified Institutional Buyers (QIBs): Subscribed 177.32 times
- Non-Institutional Investors (NIIs): Subscribed 1,202.83 times
- Retail Individual Investors (RIIs): Subscribed 597.09 times
In total, 163.65 crore shares were bid against the available 26.96 lakh shares, reflecting the massive demand for the IPO. This Parmeshwar Metal IPO subscription status showcases the confidence investors have in the company’s future growth potential.
Parmeshwar Metal IPO Allotment
The Parmeshwar IPO allotment status will be finalized on January 7, 2025, and here’s what you need to know:
- Allotment Date: January 7, 2025
- Shares Credited to Demat Accounts: January 8, 2025
- Refunds for Unsuccessful Bids: January 8, 2025
Investors can check their Parmeshwar Metal IPO allotment through the registrar’s website or the BSE platform.
Parmeshwar IPO Price and Investment Details
The Parmeshwar IPO price is set within a band of ₹57 to ₹61 per share. Here are the investment requirements:
- Retail Investors: Minimum lot size is 2,000 shares, requiring an investment of approximately ₹1.22 lakh.
- High Net-Worth Individuals (HNIs): Minimum application of 4,000 shares, costing around ₹2.44 lakh.
The pricing and lot size ensure significant participation across investor categories.
Parmeshwar Metal IPO Review: Why It’s a Big Deal
The Parmeshwar Metal IPO review highlights its strong fundamentals and investor demand. The company’s focus on sustainable copper recycling and its presence in high-growth industries make it an attractive investment opportunity.
Key points include:
- Revenue (FY24): ₹1,10,022 lakh
- EBITDA: ₹1,112.28 lakh
- Profit After Tax (PAT): ₹721.93 lakh
These figures demonstrate the company’s profitability and potential for long-term growth.
What Does the Grey Market Premium Say?
As of January 7, 2025, the Grey Market Premium (GMP) for Parmeshwar Metal IPO stands at ₹40, suggesting a listing price of approximately ₹101. This reflects a potential gain of over 65%, making it a promising investment for both retail and institutional participants.
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Conclusion
The Parmeshwar Metal IPO subscription status indicates massive investor interest, while the Parmeshwar IPO price and strong fundamentals suggest significant returns. Don’t miss this opportunity! Equip yourself with the skills to analyze investments better—join GRM IIT today and become a pro in trading and finance.
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Frequently Asked Questions (FAQs)
Q1: What is the subscription status of Parmeshwar Metal IPO?
The IPO was subscribed a total of 607 times, with QIBs subscribing 177.32 times, NIIs 1,202.83 times, and RIIs 597.09 times.
Q2: What is the price range for Parmeshwar Metal IPO?
The price range is set at ₹57 to ₹61 per share.
Q3: When will the allotment be finalized?
The allotment will be finalized on January 7, 2025.
Q4: What is the Grey Market Premium (GMP) for Parmeshwar Metal IPO?
The GMP is currently at ₹40, suggesting a listing price of approximately ₹101.
Q5: How can I check my IPO allotment status?
You can check the allotment status via the registrar’s website or the BSE portal.