Parmeshwar Metal IPO Allotment Result: The much-anticipated Parmeshwar Metal Limited IPO, launched from January 2 to January 6, 2025, has captured the attention of investors with an overwhelming subscription rate of over 600 times. As the IPO allotment result date approaches—expected on January 7, 2025—investors are eager to know if they’ve secured shares in this highly sought-after offering. This article provides all the information you need to know about the allotment process, Grey Market Premium (GMP), expected listing price, and practical steps to check your allotment status.
Parmeshwar Metal IPO Allotment Result
The Parmeshwar Metal IPO has generated significant buzz, with its overwhelming subscription and promising Grey Market Premium (GMP). For investors allocated shares, the expected listing premium represents an opportunity for short-term gains. However, those unable to secure shares can still consider investing after listing, depending on market performance. As always, ensure your investment decisions are guided by sound research and financial goals. Stay updated with reliable sources like the official Parmeshwar Metal website for more details.
| Key Information | Details |
|---|---|
| IPO Price Band | ₹57 to ₹61 per share |
| Issue Size | ₹24.74 crore (entirely fresh issue of 40.56 lakh shares) |
| Subscription Dates | January 2, 2025, to January 6, 2025 |
| Allotment Date | Expected on January 7, 2025 |
| Listing Date | Tentatively January 9, 2025 on BSE SME |
| Grey Market Premium (GMP) | ₹40, indicating a potential listing price of ₹101 per share |
| Subscription Status | Oversubscribed by over 600 times |
| Registrar for IPO | Bigshare Services Pvt Ltd |
| Official Website | Parmeshwar Metal Limited |
Parmeshwar Metal IPO: An Overview
About Parmeshwar Metal Limited
Founded in 2016, Parmeshwar Metal Limited is a Gujarat-based company specializing in manufacturing copper wires and rods. The company sources recycled copper scrap and processes it into high-quality raw materials used across industries such as power cables, automotive products, transformers, and household wiring.
With increasing demand for sustainable and recycled materials, Parmeshwar Metal has positioned itself as a reliable player in this niche, appealing to investors keen on backing green initiatives.
IPO Details
The Parmeshwar Metal IPO was open for subscription from January 2 to January 6, 2025, with a price band of ₹57 to ₹61 per share. The IPO aimed to raise ₹24.74 crore through a 100% fresh issue of 40.56 lakh shares.
The funds raised will primarily be used to expand manufacturing facilities, repay debt, and meet working capital requirements.
How to Check Parmeshwar Metal IPO Allotment Result?
Once the allotment is finalized on January 7, 2025, investors can check their allotment status using the following methods:
1. Registrar’s Website
The official registrar for Parmeshwar Metal IPO is Bigshare Services Pvt Ltd. You can check your allotment status by:
- Visiting the Bigshare Services Allotment Page.
- Clicking on the IPO Allotment Status section.
- Entering your PAN, Application Number, or DP ID/Client ID.
- Submitting the details to view your allotment result.
2. BSE Website
- Visit the BSE IPO Allotment Page.
- Select “Equity” and choose Parmeshwar Metal Limited from the dropdown menu.
- Enter your Application Number and PAN.
- Click on “Search” to view the allotment status.
3. NSE Website
- Go to the NSE IPO Allotment Page.
- Select the IPO and enter your details.
- Click “Submit” to view your allotment result.
4. Broker Platforms
Most brokerage firms, such as Zerodha, Groww, and Upstox, allow users to check their allotment status through their apps or websites. Simply navigate to the IPO section in your account to find your allotment details.
Understanding Grey Market Premium (GMP)
As of January 7, 2025, Parmeshwar Metal IPO shares are trading at a Grey Market Premium (GMP) of ₹40. This suggests a potential listing price of ₹101, which is a 65.57% premium over the upper end of the issue price band.
Key Takeaways about GMP:
- GMP indicates positive sentiment in the market but is speculative and unofficial.
- The actual listing price may vary depending on market conditions and investor sentiment on the listing day.
Expected Listing Date and Price
Parmeshwar Metal shares are set to list on the BSE SME platform on January 9, 2025. Based on the current GMP, the expected listing price is approximately ₹101 per share, offering substantial returns to investors allocated shares during the IPO.
How to Interpret Oversubscription?
The Parmeshwar Metal IPO was oversubscribed by over 600 times, reflecting robust demand:
- Retail Investors: Oversubscribed 150x.
- Non-Institutional Investors (NII): Oversubscribed 400x.
- Qualified Institutional Buyers (QIBs): Oversubscribed 50x.
What this means:
- Higher oversubscription rates reduce the chances of allocation, especially for retail investors.
- A lottery system is often used for allocation in oversubscribed IPOs.
Tips for Successful IPO Investing
- Understand the Business Model: Parmeshwar Metal’s focus on sustainable copper recycling aligns with global green initiatives, making it a promising investment for environmentally conscious investors.
- Monitor GMP Trends: While GMP offers insights into market sentiment, rely on fundamental analysis for long-term decisions.
- Stay Informed: Use official sources like Chittorgarh and BSE India for reliable updates.
- Diversify Your Investments: Avoid over-investing in IPOs; maintain a diversified portfolio to balance risks.
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Frequently Asked Questions (FAQs)
1. When will Parmeshwar Metal IPO allotment be finalized?
The allotment result is expected on January 7, 2025.
2. How can I check my allotment status?
You can check via the Bigshare Services website, BSE/NSE websites, or your broker’s platform.
3. What is the expected listing date?
The shares are tentatively scheduled to list on January 9, 2025, on the BSE SME platform.
4. What does a GMP of ₹40 indicate?
The GMP suggests a potential listing price of ₹101, representing a 65.57% premium over the issue price.
5. What are the risks of investing in IPOs?
IPO investments carry risks such as listing day volatility and dependence on market sentiment. Conduct thorough research before investing.
