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Unlisted shares of Parmeshwar Metal Ltd are buying and selling at Rs 96 apiece within the gray market, which is a 57.38 per cent premium over the higher IPO worth of Rs 61. It signifies a powerful itemizing acquire for traders on January 9.
Parmeshwar Metal IPO.
Parmeshwar Metal IPO: The preliminary public supply (IPO) of Parmeshwar Metal Ltd, which was opened for public subscription on Thursday, has thus far obtained a powerful subscription. The worth of the Rs 24.74-crore BSE SME IPO has been mounted within the vary of Rs 57 to Rs 61 per share. Till 10:29 am on the second day of bidding on Friday, the IPO obtained a 19.27 instances subscription receiving bids for five,19,48,000 shares in opposition to 26,96,000 shares on supply.
So far, the non-institutional traders (NII) class has obtained a 13.15 instances subscription, whereas the quota for retail traders obtained subscribed by 32.9 instances.
The IPO will likely 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 96 apiece within the gray market, which is a 57.38 per cent premium over the higher IPO worth of Rs 61. It signifies a powerful itemizing acquire for traders on January 9.
Parmeshwar Metal IPO: More Details
The Parmeshwar Metal IPO is solely a recent concern of 40.56 lakh shares. Its worth band has been mounted 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 mounted as Thursday, January 9, 2025.
For traders, the minimal lot measurement for an utility is 2,000. The minimal quantity of funding required by retail traders is Rs 1,22,000. The minimal lot measurement funding for HNI is 2 tons (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 difficulty.The market maker for Parmeshwar Metal IPO is Spread X Securities Private Limited.
