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Unlisted shares of Parmeshwar Metal Ltd are buying and selling at Rs 81 apiece within the gray market, which is a 32.79 per cent premium over the higher IPO worth of Rs 61. It signifies a robust itemizing acquire for buyers on January 9.
Parmeshwar Metal IPO.
Parmeshwar Metal IPO: The preliminary public supply (IPO) of Parmeshwar Metal Ltd has been opened for public subscription on Thursday. The worth of the Rs 24.74-crore BSE SME IPO has been fastened within the vary of Rs 57 to Rs 61 per share. Till 11:39 am on the primary day of bidding on Thursday, the IPO acquired a 1.85 occasions subscription receiving bids for 56,09,93,253 shares towards 84,70,000 shares on supply.
So far, the non-institutional buyers (NII) class has obtained an 2.06 occasions subscription, whereas the quota for retail buyers acquired subscribed by 2.81 occasions.
The IPO shall be closed on Monday, January 6.
Parmeshwar Metal IPO GMP Today
According to market observers, unlisted shares of Parmeshwar Metal Ltd are buying and selling at Rs 81 apiece within the gray market, which is a 32.79 per cent premium over the higher IPO worth of Rs 61. It signifies a robust itemizing acquire for buyers on January 9.
Parmeshwar Metal IPO: More Details
The Parmeshwar Metal IPO is fully a recent challenge of 40.56 lakh shares. Its worth band has been fastened at Rs 57 to Rs 61 per share.
The IPO will stay opened for subscription between January 2, 2025, and January 6, 2025. The allotment for the Parmeshwar Metal IPO is anticipated to be finalised on Tuesday, January 7, 2025. Parmeshwar Metal IPO will checklist on BSE SME with tentative itemizing date fastened as Thursday, January 9, 2025.
For buyers, the minimal lot dimension for an utility is 2,000. The minimal quantity of funding required by retail buyers is Rs 1,22,000. The minimal lot dimension funding for HNI is 2 heaps (4,000 shares) amounting to Rs 2,44,000.
Beeline Capital Advisors Pvt Ltd is the e book working lead supervisor of the Parmeshwar Metal IPO, whereas Link Intime India Private Ltd is the registrar for the problem.The market maker for Parmeshwar Metal IPO is Spread X Securities Private Limited.
