Paramount Dye Tec IPO will open for subscription from 30 September 2024. The company aims for an issue size of ₹28.43 Cr through this IPO.
Company Overview
| Full name | Paramount Dye Tec Limited |
| Sector | Textile |
| Industry | Textile |
| Company Website | http://www.paramountdyetec.com/ |
About Company
Paramount Dye Tec, based in Ludhiana, Punjab, specializes in producing yarns by recycling synthetic waste fiber, catering to the B2B segment of the textile industry. The company offers diverse products, including acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, all known for their superior quality, refined texture, and lasting durability.
Paramount Dye Tec is an ISO 9001:2015 and Good Manufacturing Practice (GMP) certified company, recognized for its strong Quality Management System. With two manufacturing facilities located in Village Mangarh and Village Koom Khurd, Punjab, the company produces various products, including acrylic cloth, blended yarn, nylon, polyester yarns, and acrylic yarn. As of September 2024, the company has a total of 37 employees on its payroll.
The Objectives of the Issue
- Setting up of Manufacturing Unit
- Repayment/Prepayment of Certain Debt Facilities availed by the Company
- Expenses towards Registration of Land purchased from Promoter
- General Corporate Purposes
Paramount Dye Tec IPO Timetable
| IPO Opening date | 30 September 2024 |
| IPO Closing | 03 October 2024 |
| Basis of Allotment | 04 October 2024 |
| Initiation Refund | 07 October 2024 |
| Credit to Demat Account | 07 October 2024 |
| Listing Date | 08 October 2024 |
Paramount Dye Tec IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹28.43 Cr – 2,430,000 shares |
| Fresh Issue | ₹28.43 Cr – 2,430,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹111 to ₹117 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 122,400 shares |
| Shareholding pre-issue | 4,512,651 |
| Shareholding post-issue | 6,942,651 |
| Listing Exchange | NSE SME |
Paramount Dye Tec IPO Offer Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹140,400 |
| Retail (Max) | 1 | 1200 | ₹140,400 |
| HNI (Min) | 2 | 2,400 | ₹280,800 |
Paramount Dye Tec Offer Documents
Paramount Dye Tec Offer Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 6,91,200 (28.44%) |
| Market Maker Shares Offered | 1,22,400 (5.04%) |
| QIB Shares Offered | 4,60,800 (18.96%) |
| NII (HNI) Shares Offered | 3,46,800 (14.27%) |
| Retail Shares Offered | 8,08,800 (33.28%) |
| Total Shares Offered | 24,30,000 (100%) |
Paramount Dye Tec Financial Performance
| FY 2021* | FY 2022* | FY 2023* | 1 Apr 2023 – 3 Jan 2024* | 4 Jan – 31 Mar 2024 | |
| Revenue | 16.91 | 23.63 | 46.00 | 29.55 | 23.51 |
| Expenses | 16.66 | 23.50 | 40.79 | 25.28 | 18.95 |
| Net income | 0.16 | 0.16 | 3.16 | 2.79 | 3.54 |
Paramount Dye Tec Valuations & Margins
| 4 Jan – 31 Mar 2024 | |
| EPS | 7.86 |
| PE ratio | 14.12 – 14.89 |
| RONW (%) | 11.68 |
| NAV | 67.31 |
| ROCE (%) | 16.53 |
| EBITDA (%) | 21.88 |
| Debt/Equity | 0.54 |
Company Promoters
- Mr. Kunal Arora
- Ms. Palki Arora
Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 64.97% |
Paramount Dye Tec Offer GMP Update
Coming Soon
Paramount Dye Tec IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 4,60,800 | 3,46,800 | 8,08,800 | 16,16,400 |
| 3 Oct 2024 | 10.22 | 135.66 | 36.26 | 50.16 |
| 1 Oct 2024 | 0.00 | 0.79 | 2.73 | 1.54 |
| 30 Sep 2024 | 0.00 | 0.13 | 0.73 | 0.39 |
Paramount Dye Tec IPO Allotment Status
Paramount Dye Tec IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Paramount Dye Tec IPO Listing Details
| Listing Date | 08 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Paramount Dye Tec IPO Lead Manager(s)
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 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 Contact Details
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
Paramount Dye Tec IPO FAQs
What is Paramount Dye Tec offer size?
Paramount Dye Tec offer size is ₹ 26.97 – 28.43 crores.
What is Paramount Dye Tec offer price band?
Paramount Dye Tec public offer price is ₹ 111 – 117 per share.
What is the lot size of Paramount Dye Tec Offer?
Paramount Dye Tec offer lot size is 1,200 shares.
What is Paramount Dye Tec Offer GMP today?
Paramount Dye Tec IPO GMP today is ₹ 5 per share.
What is Paramount Dye Tec kostak rate today?
Paramount Dye Tec kostak rate today is ₹ NA per application.
What is Paramount Dye Tec IPO Subject to Sauda rate today?
Paramount Dye Tec Subject to Sauda rate today is ₹ 4,800 per application.
Final thoughts
Paramount Dye Tec IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
