Parmeshwar Metal Limited
LISTEDSME IPO · IPO Guide
Issue Price
₹57 – ₹61
Listed On
09 Jan 2025
Listing Price
₹84.50 (+38.52%)
Current Price LIVE
₹84.50
(+38.52%)
Lot Size Calculator
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,22,000 |
| Retail (Max) | 2 | 4,000 | ₹2,44,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,66,000 |
| S-HNI (Max) | 8 | 16,000 | ₹9,76,000 |
| B-HNI (Min) | 9 | 18,000 | ₹10,98,000 |
As per financials, Parmeshwar Metal Limited has shown steady growth, RoNW is 19.40% and P/E is respectively 10.50, 12.93 and 9.55 as per FY23, FY24 and annualized FY25 earnings. So, issue looks fairly priced. Company is engaged in the business of manufacturing of copper wire and copper wire rods by recycling of copper scrap, which is highly competitive and fragmented business segment. Performance of BRLM post listing is good. So, we give rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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