Parmeshwar Metal IPO

Parmeshwar Metal's IPO offers 40.56 lakh shares worth ₹24.74 Cr to fund a new unit, renovate a copper furnace, meet working capital, and corporate needs.

Important Details

Open Date : January 2, 2025 Close Date : January 6, 2025 Allotment Date: January 7, 2025 Listing Date: January 9, 2025

Important Details

IPO Price: INR 57-61 per share Lot Size: 2000 Shares Total Issue Size: INR 24.74 crores

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Fundamental Analysis

Parmeshwar Metal IPO shows mixed performance: 1. Stable revenue growth. 2. Improved financial stability. 3. Declining profitability. 4. Lower RoNW raises concerns.

Peer Comparison

Parmeshwar Metal IPO Comparison: 1. Parmeshwar Metal: ₹1,10,022.81 lakhs revenue, ₹6.42 EPS, 19.40% RoNW. 2. Rajnandini Metal: ₹1,21,243.00 lakhs revenue, ₹0.55 EPS, 26.87% RoNW.

Objective

Parmeshwar Metal IPO Objective: 1. ₹2.18 Cr for a new facility. 2. ₹1.86 Cr for furnace renovation. 3. ₹13.92 Cr for working capital. 4. Remaining for corporate growth.

Risks And Challenges

Parmeshwar Metal IPO Risks: 1. Gujarat focus, limited customers. 2. Fragmented competition. 3. Under-utilized capacity risks. 4. Growth and stability challenges.