Incorporated in August 2016, Parmeshwar Metal Limited manufactures copper wire and rods by recycling copper scrap. The company’s manufacturing unit is situated in Dehgam, Gujarat.
The company is an ISO 9001:2015 certified business offering a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each tailored to meet customer specifications.
The company’s products are used in various industries such as power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires.
Competitive Strength
Parmeshwar Metal Limited’s revenue increased by 13% and profit after tax (PAT) dropped by -19% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 6,732.67 | 7,010.27 | 5,412.42 | 4,112.89 | ||||||||||||||||||||||||||||||||||||
| Revenue | 75,730.83 | 1,10,246.35 | 97,270.61 | 90,227.47 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 570.29 | 721.93 | 889.53 | 685.16 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 4,291.13 | 3,720.83 | 2,998.9 | 2,109.37 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 3,166.13 | 2,970.83 | 2,248.9 | 1,359.37 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,468.99 | 2,188.86 | 1,660.02 | 1,383.71 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Parmeshwar Metal IPO is Rs 93.37 Cr.
KPI as of Thu, Mar 28, 2024.
| KPI | Values |
|---|---|
| ROE | 21.49% |
| ROCE | 17.51% |
| Debt/Equity | 0.59 |
| RoNW | 19.40% |
| PAT Margin | 0.66 |
| Price to Book Value | 1.84 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.42 | 6.39 |
| P/E (x) | 9.51 | 9.55 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
| IPO Date | January 2, 2025 to January 6, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹57 to ₹61 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 40,56,000 shares (aggregating up to ₹24.74 Cr) |
| Fresh Issue | 40,56,000 shares (aggregating up to ₹ 24.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,53,06,000 shares |
| Market Maker Portion | 2,06,000 shares |
The Promoters of the company are Mr Shantilal Kailashchandra Shah, Mr Suchitkumar Maheshbhai Patel, Mr Piyush Giriraj Shah, Mr Radheshayam Jankilal Shah, Mr Parth Maheshbhai Patel, Mr Pratik Radheshyam Shah and Mrs Kailashben Radheshyam Shah.
| Share Holding Pre Issue | 96.33% |
| Share Holding Post Issue | 70.81% |
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