Tue Jan 07 08:11:43 UTC 2025: ## Parmeshwar Metal IPO Allotment Announced; Shares to Trade at Premium

**Mumbai, India** – The highly anticipated Parmeshwar Metal IPO allotment is complete, with successful applicants receiving their shares in their demat accounts today. The IPO, which closed on January 6th with an overwhelming subscription of 607.07 times, saw particularly strong interest from retail and non-institutional investors.

Investors can check their allotment status through the registrar, Link Intime India (https://linkintime.co.in/initial_offer/public-issues.html), using their application number, DP ID, or PAN. The BSE website (https://www.bseindia.com/investors/appli_check.aspx) also offers a status check. Refunds for unsuccessful applicants began on January 8th.

The IPO’s grey market premium (GMP) currently stands at ₹40, suggesting a potential listing price of ₹101, significantly higher than the IPO price of ₹61. This indicates strong investor confidence in the company’s prospects. While this GMP reflects positive market sentiment, investors are advised to consult with financial advisors before making any investment decisions. The information provided here is based on publicly available data and expert opinions, and should not be considered investment advice.

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