SME: Parmeshwar Metal Limited IPO opens on 2nd January, 2025

The company aims to raise up to 24.74 cr with shares to be listed on the BSE SME platform

New Delhi: 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 platform. The issue is 40, 56,000 equity Shares equity shares at a face value of 10 each.

The net proceeds from the IPO will be utilised 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 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.

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