Paramount Dye Tec Limited IPO (Paramount Dye Tec IPO) Detail, IPO Date, Price, GMP & Allotment 2024

Paramount Dye Tec Limited IPO Overview

Paramount Dye Tec IPO is a book-built issue worth ₹28.43 crores, consisting entirely of a fresh issue of 24.3 lakh shares. The IPO opened for subscription on September 30, 2024, and closes on October 2, 2024. The price band is set at ₹111 to ₹117 per share, with a minimum lot size of 1200 shares, requiring a retail investment of ₹140,400. HNI investors can apply for a minimum of 2 lots (2,400 shares) with an investment of ₹280,800. Gretex Corporate Services Limited is the  lead manager, and Bigshare Services Pvt Ltd is the registrar. The IPO will list on NSE SME on October 8, 2024, with Gretex Share Broking as the market maker.

Refer to Paramount Dye Tec IPO RHP for detailed information.

Paramount Dye Tec Limited IPO Important dates

Paramount Dye Tec IPO opens on September 30, 2024, and closes on October 2, 2024.

IPO Open Date	Monday, September 30, 2024
IPO Close Date	Wednesday, October 2, 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 2, 2024

Paramount Dye Tec Limited Financial Performance

Financial Information (Restated)	Period Ended 31 Mar 2024	Period Ended 31 Jan 2024
Assets	₹ 55.50 crore	₹ 34.90 crore
Revenue	₹ 23.68 crore	₹ 29.56 crore
Profit After Tax	₹ 3.54 crore	₹ 2.79 crore
Net Worth	₹ 30.32 crore	₹ 0.01 crore
Reserves and Surplus	₹ 30.30 crore	N/A
Total Borrowing	₹ 16.27 crore	₹ 22.48 crore

Paramount Dye Tec Limited IPO Key Performance Indicator

The market capitalization of Paramount Dye Tec IPO is Rs 81.23 Cr. KPI as of March 31, 2024.

Paramount Dye Tec Limited IPO Objectives

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):

1. Setting up of Manufacturing Unit
2. Repayment/Prepayment of Certain Debt Facilities availed by the Company
3. Expenses towards Registration of Land purchased from Promoter
4. General Corporate Purposes

Paramount Dye Tec Limited IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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 Limited IPO Details

IPO Date	September 30, 2024 to October 2, 2024
Listing Date	[October 8, 2024]
Face Value	₹10 per share
Price Band	₹111 to ₹117 per share
Lot Size	1200 Shares
Total Issue Size	2,430,000 shares (aggregating up to ₹28.43 Cr)
Fresh Issue	2,430,000 shares (aggregating up to ₹28.43 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	4,512,651
Share holding post issue	6,942,651
Market Maker portion	122,400 shares

Paramount Dye Tec Limited Company Overview and Services

Established in January 2014, Paramount Dye Tec Limited specializes in producing high-quality yarns by recycling waste synthetic fiber. The company primarily caters to the B2B segment of the textile industry, providing an eco-friendly solution to synthetic fiber waste.

Product Range Paramount Dye Tec offers an extensive range of synthetic fibers and yarns, including:

• Acrylic yarns
• Polyester yarns
• Nylon yarns
• Wool yarns
• Hand-knitting and acrylic blend yarns

These products are renowned for their exceptional quality, durability, and long-lasting performance, meeting the needs of diverse industries.

Manufacturing Facilities The company operates two state-of-the-art manufacturing units located in Village Mangarh and Village Koom Khurd, Punjab, ensuring a streamlined production process with a focus on efficiency and sustainability.

Certifications Paramount Dye Tec is an ISO 9001:2015 certified organization and adheres to Good Manufacturing Practices (GMP), ensuring a robust Quality Management System (QMS) that prioritizes product excellence and customer satisfaction.

Key Products In addition to acrylic cloth, the company deals in a wide variety of products, including:

• Blended yarns
• Nylon yarns
• Polyester yarns
• Acrylic yarns

Competitive Strengths

1. Recycled Raw Material: The company’s use of recycled synthetic waste as raw material reduces environmental impact and provides significant cost advantages.
2. Cost Efficiency: Paramount Dye Tec converts waste into usable fiber and yarn, offering competitive pricing compared to its industry peers.
3. Custom Solutions: The company specializes in providing tailor-made yarn solutions to meet specific customer requirements.
4. Strategic Expansion: By expanding spinning capacity, the company can convert more fiber into yarn, which boosts profitability without substantial increases in expenses.
5. ISO and GMP Certified: Being ISO 9001:2015 and GMP certified highlights the company’s commitment to maintaining high-quality standards.
6. Complete Supply Chain Solutions: Paramount Dye Tec offers a complete solution by producing both fiber and yarn, streamlining the supply chain and delivering added value to its clients.

With a focus on sustainability, innovation, and quality, Paramount Dye Tec Limited is poised to grow as a leader in the recycled yarn industry.

Paramount Dye Tec Limited IPO SWOT Analysis

Strengths:

1. Sustainable Practices: Utilizes recycled synthetic waste as raw material, promoting environmental sustainability and reducing waste in the textile industry.
2. Diverse Product Range: Offers a variety of yarns and fibers, including acrylic, polyester, nylon, and blended yarns, catering to different customer needs.
3. Quality Certifications: ISO 9001:2015 and Good Manufacturing Practice (GMP) certified, ensuring a robust quality management system and product reliability.
4. Cost Advantages: Ability to convert waste into usable fibers and yarns provides a competitive edge by reducing raw material costs compared to competitors.
5. Custom Solutions: Provides tailor-made yarn solutions, enhancing customer satisfaction and loyalty.

Weaknesses:

1. Dependence on Raw Material Availability: Reliance on the consistent availability of recycled synthetic materials may pose risks if supply chains are disrupted.
2. Limited Brand Recognition: As a relatively new player in the industry, brand recognition may be lower compared to established competitors.
3. Financial Volatility: The company has experienced fluctuations in revenue, indicating potential instability in financial performance.

Opportunities:

1. Growing Demand for Sustainable Products: Increasing awareness and demand for eco-friendly products present a significant market opportunity for recycled yarns.
2. Expansion of Manufacturing Capacity: Plans to expand spinning capacity to convert more fiber into yarn, which can lead to increased profitability and market share.
3. Rising Textile Industry: The overall growth in the textile industry, driven by fashion and textile consumption, can provide substantial growth prospects.
4. Export Potential: Expanding into international markets can enhance revenue streams and diversify risks associated with the domestic market.

Threats:

1. Intense Competition: The textile industry is highly competitive, with numerous players vying for market share, which can pressure margins.
2. Economic Downturns: Economic fluctuations can affect consumer spending on textiles, impacting the company’s sales and profitability.
3. Regulatory Changes: Changes in environmental regulations or textile industry standards may impose additional costs or operational challenges.
4. Market Volatility: Fluctuations in raw material prices can impact production costs and overall profitability.

Paramount Dye Tec Limited IPO GMP Details

Paramount Dye Tec SME IPO last GMP is ₹0, last updated Oct 1st 2024. With the price band of 117.00, Paramount Dye Tec SME IPO’s estimated listing price is ₹117 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.

Stay with us to know the daily price trend of Paramount Dye Tec SME IPO GMP with expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
01-10-2024	117.00	₹0	—	₹117 (0%)	1-Oct-2024
30-09-2024 Open	117.00	₹0	—	₹117 (0%)	30-Sep-2024
29-09-2024	117.00	₹0	—	₹117 (0%)	29-Sep-2024
28-09-2024	117.00	₹0	—	₹117 (0%)	28-Sep-2024
27-09-2024	117.00	₹0	—	₹117 (0%)	27-Sep-2024
26-09-2024	117.00	₹0	—	₹117 (0%)	26-Sep-2024

Paramount Dye Tec Limited IPO subscription status 

Total Application : 966

Note:

• *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

• **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

• ***: Market Maker portion is not included to NII/HNI.

Paramount Dye Tec Limited IPO Allotment status 

The allotment status of Paramount Dye Tec IPO is expected to be available on October 4, 2024.

Paramount Dye Tec IPO allotment status is not available at this time. Paramount Dye Tec IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Paramount Dye Tec Limited IPO allotment status.

To check Paramount Dye Tec IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact  Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.

Paramount Dye Tec Limited Contact Details

Paramount Dye Tec Limited
Village Mangarh
Machiwara Road
Kohara, Ludhiana – 141112
Phone: +91 9056855519
Email: info@paramountdyetec.com
Website: https://www.paramountdyetec.com/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.