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Unlisted shares of Parmeshwar Metal Ltd are trading at Rs 101 each in the grey market, which is a 65.57 percent costs over the top IPO rate of Rs 61. It shows a solid listing gain for capitalists on January 9.
Parmeshwar Metal IPO.
Parmeshwar Metal IPO: The first public deal (IPO) of Parmeshwar Metal Ltd, which was opened up for public registration on Thursday, has actually up until now obtained a solid registration. The rate of the Rs 24.74-crore BSE SME IPO has actually been taken care of in the series of Rs 57 to Rs 61 per share. Till 5:00 pm on the 2nd day of bidding process on Friday, the IPO obtained a 45.09 times registration obtaining proposals for 12,15,66,000 shares versus 26,96,000 shares available.
So much, the non-institutional capitalists (NII) classification has actually obtained a 29.76 times registration, while the allocation for retail capitalists obtained subscribed by 76.86 times. The QIB classification has actually been subscribed by 0.98 times.
The IPO will certainly be shut on Monday, January 6.
Parmeshwar Metal IPO GMP Today
According to market viewers, unpublished shares of Parmeshwar Metal Ltd are trading at Rs 101 each in the grey market, which is a 65.57 percent costs over the top IPO rate of Rs 61.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 totally a fresh concern of 40.56 lakh shares. Its rate band has actually been taken care of at Rs 57 to Rs 61 per share.
The IPO will certainly continue to be opened up for registration in between January 2, 2025, and January 6, 2025. The part for the Parmeshwar Metal IPO is anticipated to be settled on Tuesday, January 7, 2025. Parmeshwar Metal IPO will certainly detail on BSE SME with tentative listing day taken care of 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 concern.The market manufacturer for Parmeshwar Metal IPO is Spread X Securities Private Limited.
