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.