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TMI BlogParmeshwar Metal Limited IPO Opens on 2nd January, 2025X X X X Extracts X X X X X X X X Extracts X X X X ..... Parmeshwar Metal Limited IPO Opens on 2nd January, 2025 - PTI News Dated:- 1-1-2025 PTI - News - Parmeshwar Metal Limited IPO Opens on 2nd January, 2025 - - - Dated:- 1-1-2025 - New Delhi [India], January 01: Parmeshwar Metal Limited has announced its plan to go public with an Initial Public Offering (IPO) on January 2, 2025, aiming to raise up to ?24.74 Cr with shares to be listed on the BSE SME ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... platform. The issue is 40, 56,000 equity Shares equity shares at a face value of ?10 each. Equity Share Allocation: QIB Anchor Portion: Not more than 11,54,000 Equity Shares Qualified Institutional Buyer: Not more than 7,70,000 Equity Shares Non-Institutional Investors: Not less than 5,78,000 Equity Shares Retail Investors: Not less than 13,48,000 Equity shares Market Maker: 2,06,000 Equ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ity shares The net proceeds from the IPO will be utilized to set up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat, for manufacturing Bunched copper wire and 1.6 MM Copper Wire for funding capital expenditure for Furnace renovation to meet working capital requirements and general corporate purpose. The anchor bidding will open on January 01, 2025, and the issue will close on January ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 06, 2025. Beeline Capital Advisors Private Limited is the book-running lead manager, and Link Intime India Private Ltd is the registrar for the issue. Key Highlights: Total Issue Size 40,56,000 Lakhs Equity Shares of ?10 each Issue Size 24.74 Crs. (At Upper Price Band) Price Band ? 57- ?61 Per Equity Share Lot Size 2000 Equity Shares About Parmeshwar Metal Limited: It is an ISO 900 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1:2015 certified company engaged in the manufacturing of copper wire and copper wire rods by recycling copper scrap. The companys manufacturing facility is situated at Dehgam, Gujarat. The company manufactures 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and bare and enamelled wires. The Company offers 1.6 MM, 8MM, and 12.5 MM copper wire rods, each of which is tailored to meet customer specifications. They have an in-house testing lab for testing raw materials and finished products to match the quality standards specified and required by its customers. The company is expanding its business by manufacturing a new product, Bunched Copper Wire. Fina ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncials In FY24, The Company Achieved a Revenue of ? 1,10,022.81 Lakhs, EBITDA of ? 1,112.28 Lakhs, & PAT of ? 721.93 Lakhs As Of October 2024, The Company Achieved a Revenue of ?75,576.41 Lakhs, EBITDA of ? 779.88 Lakhs, & PAT of ? 570.29 Lakhs. Disclaimer: Certain statements in this release that are not historical facts are forward-looking statements. Such forward-looking statements are subje ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icly update these forward-looking statements to reflect subsequent events or circumstances. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax - News - Press relea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax
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