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Unlisted shares of Parmeshwar Metal Ltd are trading at Rs 96 each in the grey market, which is a 57.38 percent costs over the top IPO rate of Rs 61. It shows a solid listing gain for capitalists on January 9.
IPOs in 2025
Parmeshwar Metal IPO: The preliminary public deal (IPO) of Parmeshwar Metal Ltd was opened up for public membership onThursday The rate of the Rs 24.74-crore BSE SME IPO has actually been dealt with in the variety of Rs 57 to Rs 61 per share. Till 6:54 pm on the initial day of bidding process on Thursday, the IPO got a 13.79 times membership obtaining proposals for 3,71,72,000 shares versus 26,96,000 shares available.
So much, the non-institutional capitalists (NII) classification has actually gotten a 9.65 times membership, while the allocation for retail capitalists obtained subscribed by 23.44 times.
The IPO will certainly be shut on Monday, January 6.
Parmeshwar Metal IPO GMP Today
According to market onlookers, non listed shares of Parmeshwar Metal Ltd are trading at Rs 96 each in the grey market, which is a 57.38 percent costs over the top IPO rate of Rs 61. It shows a solid listing gain for capitalists on January 9.
Parmeshwar Metal IPO: More Details
The Parmeshwar Metal IPO is completely a fresh problem of 40.56 lakh shares. Its rate band has actually been dealt with at Rs 57 to Rs 61 per share.
The IPO will certainly continue to be opened up for membership in between January 2, 2025, and January 6, 2025. The allocation for the Parmeshwar Metal IPO is anticipated to be settled on Tuesday, January 7, 2025. Parmeshwar Metal IPO will certainly note on BSE SME with tentative listing day dealt with as Thursday, January 9, 2025.
For capitalists, the minimal great deal dimension for an application is 2,000. The minimal quantity of financial investment called for by retail capitalists is Rs 1,22,000. The minimal great deal dimension financial investment for HNI is 2 whole lots (4,000 shares) totaling up to Rs 2,44,000.
Beeline Capital Advisors Pvt Ltd is guide running lead supervisor of the Parmeshwar Metal IPO, while Link Intime India Private Ltd is the registrar for the problem.The market manufacturer for Parmeshwar Metal IPO is Spread X Securities Private Limited.
