Paramount Dye Tec IPO subscription status began on Monday, September 30, 2024, and will conclude on October 3, 2024. Notably, the IPO aims to raise approximately ₹28.43 crores. In terms of allocation, the retail quota stands at 35%, while Qualified Institutional Buyers (QIB) will receive 50%, and Non-Institutional Investors (NII) will account for 15%. Furthermore, the price band has been set between ₹111 and ₹117 per equity share.
The IPO consists of a minimum market lot of 1200 Shares requiring an application amount of ₹140,400. Paramount Dye Tec is an SME IPO that will be listed on the NSE.
Also read: Paramount Dye Tec IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Paramount Dye Tec Limited is located in Village Mangarh, Machiwara Road, Kohara, Ludhiana – 141112, Punjab, India. The company specializes in manufacturing yarns by recycling waste synthetic fibers, effectively serving the B2B segment of the textile industry. Moreover, their product range includes synthetic fibers and various types of yarns, such as acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, all known for their quality and durability.
In addition to its diverse offerings, the company is committed to environmental responsibility, with economic benefits stemming from its innovative practices. Through ongoing research and development, Paramount Dye Tec has developed advanced technology to convert pre-consumer waste into high-quality yarn and fiber. As an ISO 9001:2015 and Good Manufacturing Practice (GMP) certified organization, it adheres to a comprehensive Quality Management System.
Furthermore, in its early years, the company focused on trading, which helped establish a strong market presence. Over time, it has invested in enhancing production processes and improving the quality of its synthetic products. Additionally, while aiming to expand its manufacturing capabilities, the company maintains strong relationships with existing customers and responds to bulk orders through its trading activities.
IPOGMP.IN View
We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Paramount Dye Tec IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 10.22 |
| NII | 0.13 | 0.46 | 135.31 |
| RII | 0.78 | 2.82 | 36.26 |
| Total | 0.42 | 1.51 | 50.09 |
Paramount Dye Tec IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Paramount Dye Tec
- May Apply
Paramount Dye Tec IPO Form
To apply for the Paramount Dye Tec IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
Additionally, The IPO subscription begins on September 30, 2024, for QIB, NII, and retail investors.
Investors can choose either ASBA or non-ASBA options. You can apply online through your bank account or download the form and submit it to your broker or bank.
Additionally, you can visit our portal for live IPO subscription numbers, which are updated hourly from official sources.
To apply through Zerodha, log in to the Zerodha Console, go to Portfolio, click on IPO, select “Paramount Dye Tec,” enter your UPI ID, quantity, and price, and submit. Afterward, approve the mandate in your UPI app.
Alternatively, log in to the Upstox app, select the IPO “Paramount Dye Tec,” click on the Bid button, confirm your application, and then approve the mandate in your UPI app.
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