Parmeshwar Metal IPO: Subscription Details, Price Range, and Key Information
Parmeshwar Metal IPO is open until January 6, 2025. Learn about the subscription status, price range, grey market premium, and key details about this IPO, aiming to raise Rs 24.74 crore.
The company wants to raise Rs 24.74 crore.
The Parmeshwar Metal IPO started on Thursday and will be open until January 6, 2025.
The company wants to raise Rs 24.74 crore. The price range for the IPO is Rs 57 to Rs 61 per share. Many investors are showing interest, and the grey market is also reacting positively.
Subscription Status:
As of the second day, the IPO was subscribed 36.26 times.
The retail part was subscribed 67.35 times, and the NII part was subscribed 18.42 times.
IPO Details:
1. Grey Market Premium: Shares are trading at a Rs 20 premium.
2. Price Range: Rs 57 to Rs 61 per share.
3. Bidding Dates: The IPO is open until 5:00 PM on January 6, 2025.
4. Total Size: The IPO aims to raise Rs 24.74 crore.
5. Lot Size: Each lot has 2,000 shares.
6. Allotment Date: January 7, 2025.
7. Registrar: Link Intime India Private Limited is the registrar.
Financial Information:
Parmeshwar Metal makes copper wires and rods. For the fiscal year 2024, the company saw a 13% increase in revenue. The market value of the IPO is Rs 93.37 crore.
Note: Please consult professionals before making any investment decisions.
