As the new year unfolds, the SME segment is gearing up for two significant IPOs set to launch on January 2, 2025. Investors should be aware of the crucial details regarding the Davin Sons Retail Limited IPO and Parmeshwar Metal IPO, including their price bands, issue sizes, and expected market performance.
Overview of Upcoming IPOs
- Davin Sons Retail Limited IPO
- Opening Date: January 2, 2025
- Closing Date: January 6, 2025
- Issue Size: Approximately ₹8.78 crores
- Price Band: ₹55 per share
- Fresh Shares Offered: 15.96 lakh
- Minimum Lot Size: 2000 shares
- Minimum Investment for Retail Investors: ₹1,10,000
- GMP (Grey Market Premium): As of January 1, 2025, the GMP is reported at ₹0, suggesting a listing price around ₹55.
Davin Sons Retail Limited specializes in manufacturing ready-made clothing such as jeans and denim jackets for various brands. Established in March 2022, the company operates across multiple states including Haryana, Delhi, Punjab, and Rajasthan. The net proceeds from the IPO will be utilized for capital expenditures related to purchasing a warehouse, funding working capital requirements, and supporting general corporate purposes. The company reported a revenue of ₹13.39 crores in 2024 and has experienced significant growth over the past year.
- Parmeshwar Metal IPO
- Opening Date: January 2, 2025
- Closing Date: January 6, 2025
- Issue Size: Approximately ₹24.74 crores
- Price Band: ₹57 to ₹61 per share
- Minimum Lot Size: 2000 shares
- Minimum Investment for Retail Investors: ₹1,22,000
- GMP (Grey Market Premium): As of January 1, 2025, the GMP is also reported at ₹0, indicating a potential listing price of around ₹61.
Parmeshwar Metal focuses on recycling copper to produce copper wires and rods. Incorporated in August 2016, the company has established itself in the market with a diverse product portfolio that includes various sizes of copper rods. The proceeds from this IPO will help enhance its production capacity and expand operations.
Important Dates for Investors
- Both IPOs will open for subscription on January 2 and close on January 6.
- The allotment for both issues will be finalized on January 7.
- Shares are expected to be listed on the BSE SME platform on January 9.
Conclusion
With two promising IPOs hitting the market simultaneously, investors are encouraged to conduct thorough research and consider their investment strategies carefully. The upcoming offerings from Davin Sons Retail and Parmeshwar Metal present unique opportunities in the SME segment as the market continues to evolve in 2025.
Disclaimer
This article is based on information available as of January 1, 2025. For the latest updates regarding these IPOs, including subscription details and performance metrics, please refer to official stock exchange announcements and financial news sources.
