Parmeshwar Metal IPO Allotment Result – Check Allotment Status, GMP Today, Listing Price

The Parmeshwar Metal IPO Allotment Result has generated significant buzz among investors, both seasoned professionals and newcomers. As one of the most awaited public offerings, Parmeshwar Metal’s IPO closed its subscription on January 6, 2025, following an enthusiastic response from investors. If you’ve applied for shares in this IPO, you’re likely eager to know whether you’ve been allotted shares, the expected listing price, and the latest Grey Market Premium (GMP).

To simplify this process, we’ve compiled all the details you need, from checking the allotment status to understanding the listing and GMP dynamics. This guide is tailored for both first-time investors and seasoned experts, ensuring that every detail is presented in an approachable yet professional manner.

Parmeshwar Metal IPO Allotment Result: Key Points

The Parmeshwar Metal IPO has captured the attention of investors with its strong fundamentals and impressive subscription numbers. Whether you’re a first-time investor or a seasoned professional, understanding the allotment process, GMP trends, and listing dynamics is crucial. By following the steps outlined above, you can easily check your allotment status and plan your next move.

Understanding the Parmeshwar Metal IPO

Parmeshwar Metal Limited is a growing player in the manufacturing of copper wires and rods, which are essential components in various industrial applications. The company’s IPO aimed to raise ₹24.74 crore to fund expansion, working capital, and other corporate needs. Retail investors, institutional buyers, and High Net-Worth Individuals (HNIs) showed strong interest, resulting in an oversubscription of over 600 times, making this IPO one of the most competitive offerings of the year.

Why the Buzz?

1. Strong Industry Demand: Copper products are vital in sectors like construction, electricals, and telecommunications.
2. Healthy Financials: Parmeshwar Metal’s consistent revenue growth and profitability make it an attractive investment opportunity.
3. Affordable Pricing: With a price band of just ₹57-₹61, the IPO is accessible to small investors.

How to Check Your Parmeshwar Metal IPO Allotment Status

1. Through the Registrar’s Website

• Step 1: Visit the Link Intime India Private Ltd. website.
• Step 2: Navigate to the “IPO Allotment Status” section.
• Step 3: Select “Parmeshwar Metal IPO” from the dropdown list.
• Step 4: Enter your PAN number, application number, or DP Client ID.
• Step 5: Click “Submit” to view your allotment status.

2. Through the BSE Website

• Step 1: Go to the BSE India website.
• Step 2: Under the “Investors” tab, select “Status of Issue Application.”
• Step 3: Choose “Equity” as the issue type and “Parmeshwar Metal” as the issue name.
• Step 4: Provide your application number and PAN number.
• Step 5: Click “Search” to view your allotment status.

3. Through Your Broker’s Portal

• Log in to the platform where you applied for the IPO (e.g., Zerodha, Upstox, Angel Broking).
• Navigate to the “IPO” section or “Order History.”
• Check the status of your application.

What is Grey Market Premium (GMP), and Why Does It Matter?

The Grey Market Premium (GMP) is the price at which IPO shares are traded in the unofficial market before they are listed on the stock exchange. As of January 7, 2025, Parmeshwar Metal’s shares are trading at a GMP of ₹40 per share. This indicates an expected listing price of approximately ₹101 per share, a 65.57% premium over the issue price.

Factors Influencing GMP

1. Market Sentiment: Positive news and high demand can drive up GMP.
2. Company Fundamentals: Strong financial performance and future growth prospects attract premium valuations.
3. Subscription Numbers: Oversubscription, as seen in Parmeshwar Metal’s IPO, often boosts GMP.

Parmeshwar Metal IPO Allotment Important Date

What to Do Post-Allotment

If Allotted Shares

• Verify Shares in Demat: Check your Demat account on January 8, 2025, to confirm the credit of shares.
• Plan Your Strategy: Decide whether to hold or sell shares based on your investment goals.
• Monitor the Listing Day: Keep an eye on market conditions on January 9, 2025, for the best opportunity to sell (if that aligns with your strategy).

If Not Allotted Shares

• Refunds: The blocked amount will be unblocked or refunded to your account by January 8, 2025.
• Look for Upcoming IPOs: Explore other public offerings to diversify your portfolio.

Frequently Asked Questions (FAQs)

1. What is an IPO?

An Initial Public Offering (IPO) is when a company offers its shares to the public for the first time to raise funds for expansion, debt repayment, or other purposes.

2. How is the IPO allotment decided in case of oversubscription?

In oversubscribed IPOs, like Parmeshwar Metal’s, allotment to retail investors is conducted via a computerized lottery system to ensure fairness.

3. What happens if I don’t get shares in the IPO?

If you’re not allotted shares, the amount blocked in your bank account will be unblocked or refunded. You can consider investing in the stock after it’s listed or look for other IPO opportunities.

4. What is GMP, and how accurate is it?

The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price. While it’s a helpful guide, the actual listing price may vary based on market dynamics.

5. Is Parmeshwar Metal IPO a good investment?

The company’s strong financials, industry demand, and positive GMP suggest good prospects. However, it’s essential to consider your risk tolerance and investment goals before making a decision.