Parmeshwar Metal Ltd - IPO

Parmeshwar Metal Ltd IPO Details

Initial public issue of upto 4056000 equity shares of face value of Rs. 10/- each of Parmeshwar Metal Limited (PML or the Company or the Issuer) for cash at a price of Rs. 61/- per equity share including a share premium of Rs. 51/- per equity share (the Issue Price) aggregating to Rs. 24.74 crores (The Issue), of which 206000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 61/- per equity share including a share premium of Rs. 51/- per equity share aggregating to Rs. 1.26 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 385000 equity shares of face value of Rs. 10/- each at a price of Rs. 61/- per equity share ncluding a share premium of Rs. 51/- per equity share aggregating to Rs. 23.48 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.50% and 25.15%, respectively, of the post issue paid up equity share capital of the company.

Objective of issue

Setting up a new mfg facility at. Funding of capital expenditure for furance renovation. To meet working capital requirements. General corporate purposes.

Parmeshwar Metal Ltd Contact Details

Parmeshwar Metal Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@parmeshwarmetal.com

Website - www.parmeshwarmetal.com