Price Band
₹57 - ₹61
Lot Size
2000
Issue Size
₹24.74 Cr
GMP
N/A
Subscription
607.07x
Analyzing...
IPO Schedule
1
Open
2 Jan 2025
2
Close
6 Jan 2025
3
Allotment
-
4
Listing
9 Jan 2025
About Parmeshwar Metal
Parmeshwar Metal is an SME engaged in the business of manufacturing and trading of stainless steel products. The company caters to various industries with its diverse product range.
Key Strengths
- Experienced Management Team: The company benefits from the guidance of an experienced management team with a proven track record in the metal industry.
- Established Customer Base: Parmeshwar Metal has cultivated a stable customer base, ensuring consistent demand for its products.
- Strong Financial Performance: The company demonstrates healthy financial performance with consistent revenue growth and profitability.
- High Return on Equity (ROE): An ROE of 21.49% indicates efficient utilization of shareholder equity and strong profitability.
- Competitive Pricing: The IPO is offered at a competitive price range.
Risk Factors
- •Fluctuations in Raw Material Prices: The company's profitability is susceptible to volatility in raw material prices, particularly stainless steel.
- •Intense Competition: The metal industry is highly competitive, which may impact the company's market share and profitability.
- •Dependence on Key Customers: A significant portion of the company's revenue may be derived from a few key customers, posing a concentration risk.
Valuation Analysis
The IPO appears reasonably valued considering a P/E ratio of 9.51, suggesting potential upside for investors, but a thorough assessment of the company's growth prospects and risk factors is recommended.
IPO Details
ExchangeBSE
SegmentSME
ISININE0QQJ01021
Face Value₹10
Lot Size2000
Issue Size₹24.74 Cr
Key Metrics
ROE21.49%
ROCE17.51%
P/E Ratio9.51
Industry P/E20
EPS6.42
PAT Margin0.66%
Debt/Equity0.59
Growth & Quality
ProfitableYes ✓
Subscription
Total13.79x
Documents
RHP not available
Key Dates
Open Date2 Jan 2025
Close Date6 Jan 2025
Listing9 Jan 2025