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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 ₹117.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,33,200 (1200 shares). The minimum lot size investment for 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 Date | September 30, 2024 to October 3, 2024 |
| Listing Date | October 8, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹111 to ₹117 per share |
| Issue Price Final | ₹117 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,30,000 shares (aggregating up to ₹28.43 Cr) |
| Reserved for Market Maker | 1,22,400 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹1.43 Cr) |
| Net Offered to Public | 23,07,600 shares (aggregating up to ₹27.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 45,12,651 shares |
| Share Holding Post Issue | 69,42,651 shares |
Paramount Dye Tec IPO offers total 24,30,000 shares. Out of which 11,52,000 (47.41%) allocated to QIB, 4,60,800 (18.96%) allocated to QIB, 3,46,800 (14.27%) allocated to NII, 8,08,800 (33.28%) allocated to RII and 6,91,200 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,22,400 (5.04%) |
| QIB Shares Offered | 11,52,000 (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 (14.27%) |
| Retail Shares Offered | 8,08,800 (33.28%) |
| Total Shares Offered | 24,30,000 (100.00%) |
Paramount Dye Tec IPO raises ₹8.09 crore from anchor investors. Paramount Dye Tec IPO Anchor bid date is September 27, 2024. Paramount Dye Tec IPO Anchor Investors list
| Bid Date | September 27, 2024 |
| Shares Offered | 6,91,200 |
| Anchor Portion Size (In Cr.) | 8.09 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 2, 2025 |
Paramount Dye Tec IPO opens on September 30, 2024, and closes on October 3, 2024.
| IPO Open Date | Mon, Sep 30, 2024 |
| IPO Close Date | Thu, Oct 3, 2024 |
| Tentative Allotment | Fri, Oct 4, 2024 |
| Initiation of Refunds | Mon, Oct 7, 2024 |
| Credit of Shares to Demat | Mon, Oct 7, 2024 |
| Tentative Listing Date | Tue, Oct 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 3, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 5,549.65 | 3,490.07 |
| Total Income | 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 | |
| Total Borrowing | 1,627.37 | 2,247.76 |
| Amount in ₹ Lakhs | ||
The market capitalization of Paramount Dye Tec IPO is ₹81.23 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 11.68% |
| ROCE | 16.53% |
| Debt/Equity | 0.54 |
| RoNW | 11.68% |
| PAT Margin | 15.06% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.85 | 5.10 |
| P/E (x) | 14.91 | 22.94 |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
[Dilip Davda] The company is engaged in the business of recycling waster synthetic fiber in to yarn. It specializes in the said business with innovative products at affordable prices. The company posted growth in its top and bottom lines for reported periods. As a public limited entity, it has given just 3 months’ financial performance. Based on FY24 annualized numbers, the issue appears fully priced. Considering bright prospects ahead for this segment with rising demand for recycled synthetic yarn, well-informed investors may park funds for long term. Read detail review...
| 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 |
| Listing Date | October 8, 2024 |
| BSE Script Code | |
| NSE Symbol | PARAMOUNT |
| ISIN | INE0TG801013 |
| Final Issue Price | ₹117 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹117.00 |
| Open | ₹101.70 |
| Low | ₹101.70 |
| High | ₹104.55 |
| Last Trade | ₹101.70 |
Paramount Dye Tec Ltd.
Village Mangarh
Machiwara Road
Kohara
Ludhiana, Punjab, 141112
Phone: +91 9056855519
Email: info@paramountdyetec.com
Website: https://www.paramountdyetec.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Paramount Dye Tec IPO is a SME IPO of 24,30,000 equity shares of the face value of ₹10 aggregating up to ₹28.43 Crores. The issue is priced at ₹117 per share. The minimum order quantity is 1200.
The IPO opens on September 30, 2024, and closes on October 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 September 30, 2024 and closes on October 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 Monday, October 7, 2024. Check the Paramount Dye Tec IPO allotment status.
The Paramount Dye Tec IPO listing date is on Tuesday, October 8, 2024.
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