What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Parmeshwar Metal Limited IPO allotment date?

The basis of allotment for Parmeshwar Metal Limited IPO is scheduled to be finalized on 7 Jan 2025.

Where can I check Parmeshwar Metal Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 8 Jan 2025.

IPO GreyPremiumLIVE

Grey Market Intelligence

Parmeshwar Metal Limited

ListedSME

Manufacturing / Industrial Goods · BSE

Incorporated in August 2016, Parmeshwar Metal Limited specializes in manufacturing copper wire and rods by recycling copper scrap. Operating from its ISO 9001:2015 certified facility in Dehgam, Gujarat, the company produces copper wire rods in sizes of 1.6 mm, 8 mm, and 12.5 mm to meet diverse customer requirements. Its products cater to industries such as power cables, building wires, transformers, automotive, household cables, and enameled wires. As of December 31, 2023, Parmeshwar Metal Limited employed 89 individuals, emphasizing quality production and customer satisfaction.

Price Band

₹57 – ₹61

Issue Size

₹24.74 Cr

Lot Size

2000 shares

GMP

₹38

+62.3%

Est. Listing

₹99

at current GMP

Subscribed

607.14x

overall

Open

2 Jan 2025

6 Jan 2025

Allotment

7 Jan 2025

Refund

8 Jan 2025

Demat Credit

9 Jan 2025

Listing

9 Jan 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Parmeshwar Metal Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

7 Jan 2025

Basis finalization

Refunds Initiate

8 Jan 2025

Mandate release

Demat Credit

9 Jan 2025

Shares in demat

Listing Debut

9 Jan 2025

Trading begins

About Parmeshwar Metal Limited Public Issue & Market Profile

Parmeshwar Metal Limited is bringing an initial public offering (IPO) in the Manufacturing / Industrial Goods sector with an aggregate issue size of ₹24.74 Crores. The shares are offered at a price band of ₹57 to ₹61 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2025-01-06, the basis of allotment is scheduled to be finalized on 2025-01-07. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.

Parmeshwar Metal Limited

Parmeshwar Metal Limited Allotment Status

How to Check Parmeshwar Metal Limited IPO Allotment Status

About Parmeshwar Metal Limited Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?