Paramount Dye Tec IPO Subscription Status

Paramount Dye Tec's initial public offering (IPO) has garnered moderate investor interest, with subscription rates increasing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a gradual increase in demand, resulting in a 5.05 times oversubscription by 11:07:58 AM on day three. This response indicates a fair market appetite for Paramount Dye Tec's shares and sets the stage for its potential listing.

The IPO, which opened on 30th September 2024, has seen growth in investor participation, primarily driven by Retail Investors. Paramount Dye Tec attracted bids for 81,63,600 equity shares amounting to ₹95.52 crore.

The Retail Investors segment has shown strong demand, followed by moderate interest from Non-Institutional Investors (NII). The Qualified Institutional Buyers (QIB) have shown no participation so far.

Subscription Status of Paramount Dye Tec IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for Paramount Dye Tec IPO as of Day 3 (3rd October 2024, 11:07:58 AM):

Total Applications: 6,007

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• Paramount Dye Tec IPO is currently subscribed 5.05 times, with strong demand from Retail Investors.
• Retail investors have shown significant interest, with a subscription ratio of 8.91 times.
• Non-Institutional Investors (NII) have demonstrated moderate enthusiasm, with a subscription ratio of 2.75 times.
• Qualified Institutional Buyers (QIB) have shown no interest, with a subscription ratio of 0.00 times.
• The overall subscription trend increases day-on-day, indicating growing investor interest towards the issue.

Paramount Dye Tec IPO - Day 2 Subscription at 1.51 Times

Key Highlights:

• On Day 2, Paramount Dye Tec's IPO was subscribed 1.51 times, with strong demand from Retail Investors.
• Retail investors showed increased interest with a subscription ratio of 2.82 times.
• Non-Institutional Investors (NII) showed minimal interest with a subscription ratio of 0.46 times.
• Qualified Institutional Buyers (QIB) showed no interest with a subscription ratio of 0.00 times.
• The overall subscription trend indicated building momentum, with retail category showing significant increased participation.

Paramount Dye Tec IPO - Day 1 Subscription at 0.42 Times

Key Highlights:

• The IPO of Paramount Dye Tec was subscribed 0.42 times on Day 1, with initial demand primarily from Retail Investors.
• Retail investors showed early interest with a subscription ratio of 0.78 times.
• Non-Institutional Investors (NII) showed minimal initial interest with a subscription ratio of 0.13 times.
• Qualified Institutional Buyers (QIB) showed no initial interest with a subscription ratio of 0.00 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Paramount Dye Tec Limited:

Paramount Dye Tec Limited, founded in January 2014, is a manufacturer specializing in the production of yarns by recycling waste synthetic fiber, catering to the B2B segment of the textile industry. The company offers a range of products including acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, known for their quality and durability. With two manufacturing facilities in Punjab, Paramount Dye Tec is ISO 9001:2015 and GMP certified, emphasizing its commitment to quality management. For the financial year ending March 31, 2024, the company reported revenue of ₹23.68 crore and a profit after tax of ₹3.54 crore. Paramount Dye Tec's competitive strengths lie in its use of recycled synthetic waste as raw material, cost-effective production methods, and ability to offer custom yarn solutions. The company's focus on expanding spinning capacity and providing complete fiber-to-yarn solutions positions it well in the growing market for recycled synthetic yarns.

Read more about Paramount Dye Tec IPO

Highlights of the Paramount Dye Tec IPO:

• IPO Date: 30th September 2024 to 3rd October 2024
• Listing Date: 8th October 2024 (Tentative)
• 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
• Book Running Lead Manager: Gretex Corporate Services Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Gretex Share Broking