The Paramount Dye Tec IPO is set to open on September 30, 2024, and will close on October 3, 2024. Specifically, this IPO follows a Book Built format, with the company aiming to raise approximately ₹28.43 crore. Furthermore, the offering consists of a fresh issue of ₹28.43 crore, along with an offer for sale of equity shares, each having a face value of ₹10.
Table of contents
- Paramount Dye Tec IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Paramount Dye Tec IPO GMP (Grey Market Premium)
- Paramount Dye Tec IPO Application Form PDF
- Paramount Dye Tec IPO Subscription Status
- Paramount Dye Tec IPO Allotment Status
- IPO Review
- Paramount Dye Tec IPO Registrar
- Paramount Dye Tec IPO Lead Manager
- Paramount Dye Tec Limited Contact
- FAQs
Paramount Dye Tec IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Paramount Dye Tec Limited |
| Industry | Textile |
| IPO Issue Type | Book Built Issue |
| Open Date | September 30, 2024 |
| Close Date | October 03, 2024 |
| Total Issue Size | ₹28.43 Crores (2,430,000 Equity Shares) |
| Fresh Issue | ₹28.43 Crores (2,430,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹111 to ₹117 per share |
| Listing on | NSE SME |
| Lot Size | 1200 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
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.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 30, 2024 |
| IPO Close Date | October 3, 2024 |
| Basis of Allotment | October 4, 2024 |
| Refunds | October 7, 2024 |
| Credit to Demat Account | October 7, 2024 |
| IPO Listing Date | October 8, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Jan 2024 |
|---|---|---|
| Assets | ₹5,549.65 | ₹3,490.07 |
| Revenue | ₹2,367.9 | ₹2,955.91 |
| Profit After Tax | ₹354.09 | ₹278.65 |
| Net Worth | ₹3,032.06 | ₹1 |
| Reserves and Surplus | ₹3,029.81 | NA |
| Total Borrowing | ₹1,627.37 | ₹2,247.76 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹140,400 |
| Retail (Max) | 1 | 1,200 | ₹140,400 |
| HNI (Min) | 2 | 2,400 | ₹280,800 |
The objective of the Issue
- Firstly, the establishment of a manufacturing facility.
- Additionally, repayment or prepayment of specific debt facilities utilized by the company.
- Moreover, costs associated with the registration of land acquired from the promoter.
- Finally, general corporate expenditures.
Company Promoters
- Mr. Kunal Arora
- Ms. Palki Arora
Paramount Dye Tec IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Paramount Dye Tec IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Paramount Dye Tec Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Paramount Dye Tec IPO Application Form PDF
To download the Paramount Dye Tec IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Paramount Dye Tec IPO Subscription Status
This IPO subscription kicks off on September 30, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Paramount Dye Tec IPO Allotment Status
To check the Paramount Dye Tec IPO allotment status go to the IPO registrar website Bigshare or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Firstly, the utilization of recycled synthetic waste as raw materials.
- Additionally, margin benefits arise from efficient production processes.
- Moreover, we provide customized solutions to meet specific client needs.
- Furthermore, there is value addition through enhanced spinning capacity.
- In addition, our cost-effective products offer competitive pricing.
- Also, we deliver tailored solutions designed for diverse customer requirements.
- Importantly, we ensure quality assurance in all products.
- Finally, our streamlined supply chain facilitates efficient operations.
Risks:
- To begin with, operating within a heavily regulated sector exposes the company to environmental, health, and safety regulations, which could lead to liability, increased operational costs, or heightened compliance obligations, ultimately impacting financial performance.
- Moreover, the majority of our revenue relies on a single business segment—manufacturing fiber and yarns—meaning any decline in product sales could negatively affect overall operations and profitability.
- In addition, our business relies on our manufacturing facility; any loss or shutdown of operations could severely disrupt our business. Furthermore, as we depend on manpower, any shortage of employees or labor disputes may adversely impact cash flow and operational results.
- Additionally, the company relies on a limited number of suppliers for product and service purchases; losing any of these key suppliers could disrupt business operations.
- Finally, we face competition from both organized and unorganized players in the market, which could negatively impact our operational performance and financial stability.
Paramount Dye Tec IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Paramount Dye Tec IPO Lead Manager
GRETEX CORPORATE SERVICES LIMITED
A- 401, Floor 4th, Plot FP-616, (PT), Naman Midtown,
Senapati Bapat Marg, Near Indiabulls, Dadar (W),
Delisle Road, Mumbai – 400013, Maharashtra, India
Phone: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Paramount Dye Tec Limited Contact
PARAMOUNT DYE TEC LIMITED
Village Mangarh, Machiwara Road,
Kohara, Ludhiana – 141112, Punjab, India
Phone: +91 9056855519
E-mail: info@paramountdyetec.com
Website: www.paramountdyetec.com
FAQs
The Paramount Dye Tec IPO will initially open for subscription on September 30, 2024, catering to Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors. Subsequently, it will close on October 3, 2024.
The allocation for investors in the IPO is structured as follows: specifically, 50% for QIBs, 15% for NIIs, and 35% for retail investors.
Investors can apply for the Paramount Dye Tec IPO by using the ASBA method online via their bank accounts. Alternatively, they can also utilize UPI through their stock brokers or fill out an offline application form with their brokers.
Notably, the issue size for Paramount Dye Tec’s IPO is ₹28.43 crores.
Finally, the price band for Paramount Dye Tec’s IPO is set between ₹111 and ₹117 per equity share.
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