About Parmeshwar Recycling IPO
The Parmeshwar Recycling IPO is a book-built issue comprising a fresh issue of up to 35 lakh equity shares, with a face value of ₹10 each. The company filed its DRHP with SEBI on September 27, 2025.
The price band and official dates of subscription and listing will be announced by the company later. The equity shares of this issue are proposed to be listed on the NSE Emerge platform. The book-running lead manager (BRLM) for this issue is Cumulative Capital Private Ltd., while Cameo Corporate Services Ltd. is acting as the registrar for the offer.
Company Background
Parmeshwar Recycling Ltd. became a private limited company in Gujarat on February 1, 2018. There have been big changes in the business over the last 7 years. At first, it was just a trading company, but now it has grown into a full-service recycling company that deals with non-ferrous metal scraps like brass, aluminum and copper.
To proceed with the journey of public listing, in 2025, Parmeshwar Recycling became a public company. The headquarters of the company is in Gandhinagar, Gujarat, which is close to some of the state's biggest industrial areas. Such proximity helps them always have enough scrap and get processed materials to customers quickly.
Operations and Product Range
The main activity of Parmeshwar Recycling Ltd. is to recycle non-ferrous metals, like metal scraps, sort them, clean them and process them in a way that makes the recycled scrap acceptable to the foundries or manufacturing units that need it. The company's main products that it sells are brass scraps, aluminum ingots and copper scraps. Industries that make auto parts, electrical equipment and construction equipment need these products as their basic materials.
Facilities & Capacity
Parmeshwar Recycling Ltd. primarily focuses its main manufacturing and processing activities at its integrated facility located in the Dehgam region of Gandhinagar, Gujarat. It is the main hub for the collection, storage and primary processing of the scrap materials. It has specialized machinery to shred, sort and melt metals to produce recycled blocks and ingots. The company has planned to increase its present operational capacity to process large quantities of scrap materials generated from various industries for recycling purposes.
Brands & Market Presence
Parmeshwar Recycling Ltd. mostly undertakes business-to-business (B2B) activities under the name of "Parmeshwar Recycling.” This became a well-known brand in the regional industrial chain for its dependability in terms of grading. The company has a very strong presence in the domestic market, particularly in the state of Gujarat, as the region is a hub for metal-based industries. The company's reputation in the market lies in its ability to offer high-grade recycled non-ferrous metals.
Revenue Streams & Business Model
Parmeshwar Recycling Ltd. generates revenue by selling the metals to industries in the U.S. The business model works by adding value to the raw scrap metals by sorting and recycling them into usable grades for industries. The revenue generated from the sale of metals in India reflects the level of demand for cheap recycled metals by industries in the country. The company also generates income by selling the metals to industries and trading high-grade metal scraps.
Management & Shareholding
Parmeshwar Recycling Ltd.'s management and shareholders include Nikhil Goyal, Nikhil Rajendrakumar Shah, Bherulal Sunderlal Chandak, Anitaben Rameshchandra Shah and Parth M. Patel. The company has experience in both the metal trading industry and the industrial sector. The company's promoter and promoter group owned all of the shares before the IPO; however, the promoter group will lose money because the shares are issued to the public during the IPO.
Board & Key Management
The board monitors the operations of Parmeshwar Recycling Limited to align with the strategic objectives. The key management members include MD Nikhil Goyal, who takes care of the business strategy; ED Nikhil Rajendrakumar Shah; CFO Rambhagat Malu, who takes care of the financial planning; and CS Udit Paresh Vora, who takes care of the legal aspects. Independent directors are appointed to ensure compliance with the corporate governance norms.
Parmeshwar Recycling IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,00,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 62,20,000 shares |
| Share Holding Post Issue | 97,20,000 shares |
Parmeshwar Recycling IPO Financial Information
Latest Revenue
151.77
₹ Crore
Profit After Tax
2.98
₹ Crore
Net Worth
8.96
₹ Crore
Total Borrowing
40.96
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 55.36 | 151.77 | 2.98 | 8.96 | 2.74 | 40.96 | |||
| 31 Mar 2024 | 32.26 | 128.76 | 1.01 | 5.47 | 3.97 | 25.09 | |||
| 31 Mar 2023 | 28.87 | 123.56 | 0.01 | 4.46 | 2.96 | 21.89 | |||
| Amount in ₹ Crore | |||||||||
Parmeshwar Recycling Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 41.32% |
| ROCE | 13.21% |
| Debt/Equity | 4.57 |
| RoNW | 33.28% |
| PAT Margin | 1.96% |
| EBITDA Margin | 4.00% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.79 | 3.07 |
| P/E (x) | - | - |
IPO Objectives
The company planned to use the proceeds of the Parmeshwar Recycling IPO for strategic purposes:
- • Funding the working capital requirement
- • Debt repayment (in part or in full)
- • General corporate purposes
Conclusion
The Parmeshwar Recycling IPO marks the change of a small, specialized recycling company into a publicly traded company. The company has built a solid base by focusing on the non-ferrous metal sector, building an integrated facility in Gujarat and using a business model that fits with sustainable industrial practices. This issue aims to fund the working capital and expanding its operations will be key to its plan to meet the growing demand in India's industrial supply chain.
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Diversifying into high-end catering and dining segments brings Foodlink a premium, luxury clientele.
With cross-selling opportunities and diversification across event catering, casual dining and banquet services, this business model is a powerful way to address consumer needs.
The company operates across domestic and international markets (India and the UAE).
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 28/01/2026 | - |
| 2 | Filed with SEBI/Exchange | 27/09/2025 | View DRHP |
Parmeshwar Recycling IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | — | — | |
| Individual investors (Retail) (Max) | — | — | |
| S-HNI (Min) | — | — | |
| S-HNI (Max) | — | — | |
| B-HNI (Min) | — | — |