Parmeshwar Metal Ltd shares listed on the BSE SME platform for ₹84.50 per share, representing a 38.52% premium over the IPO price, demonstrating robust investor demand and a positive market response to the listing. The Parmeshwar Metal IPO had an extraordinary reaction during its three-day bidding process, resulting in a subscription of over 563 times. This unprecedented demand reflects substantial investor interest and trust in the company’s prospects on the BSE SME platform.
Parmeshwar Metal IPO Details
The Parmeshwar Metal IPO is a Rs 24.74 crore book-built offering. This is a brand-new 40.56 lakh share offering. Bidding for the Parmeshwar Metal initial public offering (IPO) began on January 2, 2025, and finished on January 6, 2025. On Tuesday, January 7, 2025, the allocation for the Parmeshwar Metal IPO was finalized. On January 9, 2025, the shares were listed on the BSE SME. The pricing range for Parmeshwar Metal’s IPO is ₹57 to ₹61 per share. An application must have a minimum lot size of 2000. For retail investors, a minimum investment of ₹1,22,000 is needed. For HNI, the minimum lot size investment is two lots (4,000 shares), or ₹2,44,000.
Parmeshwar Metal IPO booked 607 times
The IPO period for Parmeshwar Metal was January 2–6. There was no Offer-For-Sale (OFS) component to the ₹24.74-crore SME IPO, which consisted of a new 40.56 lakh share issue. At the end of the bidding period, the IPO had been booked more than 607 times, driven by high demand from retail and non-institutional investors (NIIs). Over 163.65 crore equity shares were bid on in the public offering, out of the 26.96 lakh shares that were issued.
There were 597.1 bookings for the retail segment. Over 80.48 crore shares were purchased on by retail investors out of the 13.48 lakh shares that were available. There were 1,203.1 reservations made for the NIIs category. Out of the 5.78 lakh shares available, applications for 69.54 crore shares were received. The section for Qualified Institutional Buyers (QIBs) received 177 reservations. 7.7 lakh shares were reserved for them, but bids for 136.53 crore shares were received.