Parmeshwar Metal Share Price

Parmeshwar Metal Limited was originally formed as Parmeshwar Metal Private Limited dated August 04, 2016 with the Central Registration Centre. Subsequently, Company converted from a private limited to public limited company and the name of the Company has been changed to Parmeshwar Metal Limited pursuant to fresh Certificate of Incorporation dated January 04, 2024.The Company specializes in manufacturing copper wire and copper wire rods by recycling of copper scrap. These are oxygen free copper rod having excellent electrical conductivity and purity, high thermal conductivity ductility, less surface oxide, high creep resistance, good weld ability.The manufacturing facility is situated at Village Suja Na Muvada, Dehgam, Gujarat. The Company manufacture copper wire rods that are ideally suited for applications including power cables, building wires, transformers, the automotive industry, household cables as well as bare and enameled wires. These industries require usage of various machines such as Chimney, Compressed Air Dryer, Baling Press, Melting Furnace, Weighbridge and Scale, Oxygen Analyzers, DG Set, and Rolling Mill etc.The Company launched the IPO by issuing 4056000 equity shares of Rs 10 each by raising Rs 24.74 crores funds through fresh issue on January 06, 2025.In the business, furnace plays crucial role as copper wire and copper rod is made from melting copper scraps in furnace. This furnace once started is maintained at higher temperature of 1100 to 1200 Degree throughout the production process, which leads to low useful life of the furnace, so Company needs to maintain one more furnace in factory by renovating existing furnace. Further, Company plans to set up Industrial Shed for establishing proposed manufacturing facility, which requires Shed Fabrication, Erection, Roof sheet fitting and Color Work. Company has identified the plant, machinery and equipment it intends to purchase and install at the Proposed Manufacturing facility i.e. machineries which are Wire Drawing and Bunching Machine and Rod Break down machine Tandem.