Bookbuilding IPO | ₹28 Cr | Listed at NSE SME | Mon, Sep 30, 2024 - Thu, Oct 3, 2024
Paramount Dye Tec IPO is a book build issue of ₹28.43 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹28.43 crore.
Paramount Dye Tec IPO bidding started from Sep 30, 2024 and ended on Oct 3, 2024. The allotment for Paramount Dye Tec IPO was finalized on Oct 4, 2024. The shares got listed on NSE SME on Oct 8, 2024.
Paramount Dye Tec IPO price band is set at ₹117 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,40,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,80,800.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Paramount Dye Tec IPO RHP for detailed Information.
IPO Open
Mon, Sep 30, 2024
IPO Close
Thu, Oct 3, 2024
Issue Price
₹117 per share
Market Cap (Pre-IPO)
₹81.23 Cr
| IPO Date | 30 Sep to 3 Oct, 2024 |
| Listed on | Tue, Oct 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹111 to ₹117 |
| Issue Price | ₹117 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 24,30,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 1,22,400 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 23,07,600 shares (agg. up to ₹27 Cr) |
| Net Offered to Public | 23,07,600 shares (agg. up to ₹27 Cr) |
| Share Holding Pre Issue | 45,12,651 shares |
| Share Holding Post Issue | 69,42,651 shares |
| NSE Symbol | PARAMOUNT |
| ISIN | INE0TG801013 |
Paramount Dye Tec IPO comprises a total issue size of 24,30,000 shares. The net offer to the public is 23,07,600 shares, after excluding 1,22,400 shares allotted on a firm basis. Of the Net offer 11,52,000 (49.92%) are allocated to QIB, 3,46,800 (15.03%) allocated to NII 8,08,800 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 11,52,000 | 49.92% | 47.41% |
| − Anchor Investor Shares Offered | 6,91,200 | 28.44% | |
| − QIB (Ex. Anchor) Shares Offered | 4,60,800 | 18.96% | |
| NII (HNI) Shares Offered | 3,46,800 | 15.03% | 14.27% |
| Retail Shares Offered | 8,08,800 | 35.05% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,22,400 | 5.04% | |
| Total Shares Offered | 24,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,40,400 |
| Retail (Max) | 1 | 1,200 | ₹1,40,400 |
| HNI (Min) | 2 | 2,400 | ₹2,80,800 |
Paramount Dye Tec IPO raises ₹8.09 crore from anchor investors. Paramount Dye Tec IPO Anchor bid date is September 27, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 27, 2024 |
| Shares Offered | 6,91,200 |
| Anchor Portion (₹ Cr.) | 8.09 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Nov 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jan 2, 2025 |
Founded in January 2014, Paramount Dye Tec Limited produces yarns by recycling waste synthetic fiber, catering to the B2B segment of the textile industry.
The company offers a range of products, including synthetic fiber and yarns such as acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, known for their quality, durability, and lasting excellence.
The company has two manufacturing facilities situated in Village Mangarh and Village Koom Khurd, Punjab.
The company is ISO 9001:2015 and is a Good Manufacturing Practice (GMP) certified organization for a robust Quality Management System.
The company deals in acrylic cloth as well as other products such as blended yarn, nylon, polyester yarns, and acrylic yarn.
Competitive Strength
| Period Ended | 31 Mar 2024 | 31 Jan 2024 |
|---|---|---|
| Assets | 55.50 | 34.90 |
| Total Income | 23.68 | 29.56 |
| Profit After Tax | 3.54 | 2.79 |
| NET Worth | 30.32 | 0.01 |
| Reserves and Surplus | 30.30 | |
| Total Borrowing | 16.27 | 22.48 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Manufacturing Unit | 16.00 |
| 2 | Repayment/Prepayment of Certain Debt Facilities availed by the Company | 4.50 |
| 3 | Expenses towards Registration of Land purchased from Promoter | 1.00 |
| 4 | General Corporate Purpose | 4.12 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 11.68% |
| ROCE | 16.53% |
| Debt/Equity | 0.54 |
| RoNW | 11.68% |
| PAT Margin | 15.06% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.85 | 5.10 |
| P/E (x) | 14.91 | 22.94 |
| Promoter Holding | 99.97% | 64.98% |
| Market Cap | ₹81.23 Cr. |
The Paramount Dye Tec IPO is subscribed 50.09 times on October 3, 2024 6:19:59 PM (Day 3). The public issue subscribed 36.26 times in the retail category, 10.22 times in the QIB category, and 135.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 10.22 | 4,60,800 | 47,08,800 |
| NII* | 135.31 | 3,46,800 | 4,69,26,000 |
| Retail | 36.26 | 8,08,800 | 2,93,28,000 |
| Total | 50.09 | 16,16,400 | 8,09,62,800 |
Total Application : 24,440
*Market Maker portion is not included to NII/HNI.
| Partnership Firm | Partnership Firm | Partnership Firm | |
| Period Ended | 31 March 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,829.84 | 1,458.4 | 941.64 |
| Revenue | 4,600.23 | 2,367.31 | 1,690.5 |
| Profit After Tax | 316.14 | 15.94 | 15.94 |
| Net Worth | 553.77 | 258.78 | 237.48 |
| Reserves and Surplus | |||
| Total Borrowing | 969.18 | 898.17 | 551.5 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Managers | 0.28 |
| 2 | Underwriting Fees | 1.14 |
| 3 | Market Making Fees | 1.24 |
| 4 | Fees payable to Registrar to Issue | 0.03 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.05 |
| 7 | Fees payable to Regulators including Stock Exchange | 0.03 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 0.01 |
| 10 | Payment to Sponsor Bank | 0.01 |
| 11 | Statutory & Other Reports | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹117.00 |
| Open | ₹109.90 |
| Low | ₹104.40 |
| High | ₹109.90 |
| Last Trade | ₹107.05 |
Lead Manager Reports
Paramount Dye Tec IPO is a SME IPO of 24,30,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹117 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Sep 30, 2024, and closes on Thu, Oct 3, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Paramount Dye Tec IPO using UPI as a payment gateway. Zerodha customers can apply in Paramount Dye Tec IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paramount Dye Tec IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paramount Dye Tec IPO opens on Mon, Sep 30, 2024 and closes on Thu, Oct 3, 2024.
Paramount Dye Tec IPO lot size is 1200, and the minimum amount required for application is ₹1,40,400.
You can apply in Paramount Dye Tec IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Paramount Dye Tec IPO will be done on Friday, October 4, 2024, and the allotted shares will be credited to your demat account by Mon, Oct 7, 2024. Check the Paramount Dye Tec IPO allotment status.
The Paramount Dye Tec IPO listing date is on Tue, Oct 8, 2024.
