The Paramount Dye Tec IPO is a book-built issue aiming to raise ₹28.43 crores through a fresh issue of 24.3 lakh shares.
The IPO will be open for subscription from September 30, 2024, and will close on October 3, 2024. Allotment is expected to be finalized on Friday, October 4, 2024, with the listing on the NSE SME anticipated for Tuesday, October 8, 2024.
The price band for the Paramount Dye Tec IPO is set between ₹111 and ₹117 per share. The minimum application lot size is 1,200 shares, requiring a minimum investment of ₹140,400 for retail investors. High Net-worth Individuals (HNIs) must apply for a minimum of 2 lots (2,400 shares), which amounts to ₹280,800.
Gretex Corporate Services Limited serves as the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd acts as the registrar. Gretex Share Broking is designated as the market maker for the Paramount Dye Tec IPO.
Objectives of the Paramount Dye Tec IPO
The company plans to use the net proceeds from the fresh issue for the following purposes:
Establishing a manufacturing unit
Repaying or prepaying certain debts incurred by the company
Covering expenses related to the registration of land purchased from the promoter
General corporate purposes
Paramount Dye Tec IPO Details
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 3, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹111 to ₹117 Per Share |
| Issue Size: | Approx ₹28.43 Crores |
| Fresh Issue: | Approx ₹28.43 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Paramount Dye Tec IPO Timeline Schedule
The Paramount Dye Tec IPO will open for subscription on September 30, 2024, and will close on October 3, 2024.
| IPO Open Date | Monday, September 30, 2024 |
| IPO Close Date | Thursday, October 3, 2024 |
| Basis of Allotment | Friday, October 4, 2024 |
| Initiation of Refunds | Monday, October 7, 2024 |
| Credit of Shares to Demat | Monday, October 7, 2024 |
| Listing Date | Tuesday, October 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2024 |
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Paramount Dye Tec IPO Lot Size
The minimum lot size for the Paramount Dye Tec IPO is 1,200 shares, which requires an investment of ₹140,400.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,200 | ₹ 1,40,400 |
| Retail Maximum | 1 | 1,200 | ₹ 1,40,400 |
| HNI Minimum | 2 | 2,400 | ₹ 2,80,800 |
Paramount Dye Tec IPO Company Financial Report
| Period Ended | 31-Mar-24 | 31-Jan-24 |
| Assets | 5,549.65 | 3,490.07 |
| Revenue | 2,367.90 | 2,955.91 |
| Profit After Tax | 354.09 | 278.65 |
| Net Worth | 3,032.06 | 1 |
| Reserves and Surplus | 3,029.81 | |
| Total Borrowing | 1,627.37 | 2,247.76 |
Promoters of Paramount Dye Tec IPO
The Paramount Dye Tec IPO is promoted by Mr. Kunal Arora and Ms. Palki Arora.
About Paramount Dye Tec IPO
Paramount Dye Tec Limited is located in Village Mangarh, Machiwara Road, Kohara, Ludhiana – 141112, Punjab, India. The company specializes in manufacturing yarns from recycled synthetic waste, primarily serving the B2B segment of the textile industry. Their diverse product range includes synthetic fibers and yarns such as acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, all recognized for their quality and durability.
Dedicated to environmental sustainability, Paramount Dye Tec employs innovative methods that provide both ecological and economic benefits. The company continually invests in research and development to refine advanced technology that recycles pre-consumer waste into high-quality yarns and fibers. As an ISO 9001:2015 and Good Manufacturing Practice (GMP) certified entity, Paramount Dye Tec adheres to a strict Quality Management System.
Initially focused on trading, the company built a strong market presence, which allowed it to invest in enhancing production processes and improving the quality of its synthetic products. While Paramount Dye Tec is currently focused on expanding its manufacturing capacity, it remains engaged in trading activities, especially to maintain long-term customer relationships and fulfill bulk orders.
Paramount Dye Tec IPO Key Performance Indicator
Check Paramount Dye Tec IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 11.68% |
| ROCE: | 16.53% |
| EBITDA Margin: | 21.88% |
| PAT Margin: | 15.06% |
| Debt to equity ratio: | 0.54 |
| Earning Per Share (EPS): | ₹7.86 (Basic) |
| Price/Earning P/E Ratio: | 14.12 |
| Return on Net Worth (RoNW): | 11.68% |
| Net Asset Value (NAV): | ₹ 67.31 |
Paramount Dye Tec IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Managers aka Merchant Bankers
Gretex Corporate Services Limited
Company Address
- Paramount Dye Tec Limited
- Village Mangarh
- Machiwara Road
- Kohara, Ludhiana – 141112
- Phone: +91 9056855519
- Email: info@paramountdyetec.com
- Website: https://www.paramountdyetec.com/
Paramount Dye Tec IPO FAQs
What is Paramount Dye Tec?
The Paramount Dye Tec is a Small and Medium Enterprises (SME) IPO aiming to raise ₹28.43 crores. The shares are priced between ₹111 and ₹117 each, and the IPO will be listed on the NSE.
When will the Paramount Dye Tec IPO open for subscription?
The IPO will open for subscription on September 30, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and retail investors. It will close on October 3, 2024.
What is the investor portion in the Paramount Dye Tec IPO?
The allocation for investors is as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How to apply for the Paramount Dye Tec IPO?
You can apply for the Paramount Dye Tec IPO online via ASBA through your bank account. You can also use UPI through your stockbroker or fill out an offline form with your stockbroker.
What is the issue size of the Paramount Dye Tec IPO?
The total issue size of the Paramount Dye Tec IPO is ₹28.43 crores.