Parmeshwar Metal shares list at 38.5% premium on BSE SME platform

Parmeshwar Metal's shares debuted at a 38.5% premium on BSE SME, opening at Rs 84.5 per share compared to the issue price of Rs 61. The IPO, which involved a fresh equity sale, was overwhelmingly subscribed 600 times. Funds will support a new manufacturing facility, refurbishments, working capital, and general corporate purposes.