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Paramount Dye Tec IPO

  • Status: Closed
  • RHP:
  • ₹ 133,200 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    08 Oct 2024

  • Listing Price

    ₹ 109.90

  • Listing Change

    -

  • Last Traded Price

    ₹ 84.00

IPO Details

  • Open Date

    30 Sep 2024

  • Close Date

    03 Oct 2024

  • IPO Price Range

    ₹ 111 to ₹ 117

  • IPO Size

    ₹ 28.43 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    08 Oct 2024

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IPO Timeline

Paramount Dye Tec IPO Subscription Status

Last Updated: 03 October 2024 6:30 PM by 5Paisa

Paramount Dye Tec IPO is set to open on 30 September 2024 and will close on 3 October 2024. Paramount Dye Tec makes yarn by recycling waste synthetic fibers and supplies it to other businesses in the textile industry.

The IPO includes a fresh issue of 24.3 lakh shares aggregating ₹28.43 Cr and does not include OFS. The price range is set between ₹111 - ₹117 per share and the lot size is 1200 shares. 

The allotment is scheduled to be finalized on 4 October 2024. It will go public on NSE SME, with a tentative listing date of 8 October 2024.

Fedex Securities Pvt Ltd is the book running lead manager, while Kfin Technologies Limited is the registrar.
 

Paramount Dye Tec IPO Size

Types Size (₹Cr)
Total IPO Size ₹28.43 Cr
Offer For Sale -
Fresh Issue ₹28.43 Cr

 

Paramount Dye IPO Lot Size

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 IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 10.22 4,60,800 47,08,800 55.093
NII (HNI) 135.31 3,46,800 4,69,26,000 549.034
Retail 36.26 8,08,800 2,93,28,000 343.138
Total 50.09 16,16,400 8,09,62,800 947.265

 

Paramount Dye IPO Anchor Allocation

Anchor Bid Date 27 September, 2024
Shares Offered 691,200
Anchor portion Size (In ₹ Cr.) 8.09
Anchor lock-in period end date for 50% shares (30 Days) 3 November, 2024
Anchor lock-in period end date for remaining shares (90 Days) 2 January, 2024

 

1.Setting up a manufacturing unit  
2. Repayment/Prepayment of company debts  
3. Land registration expenses  
4. General corporate purposes
 

Paramount Dye Tec established in January 2014, makes yarns by recycling waste synthetic fibers for businesses in the textile industry. They offer a variety of products, including acrylic, polyester, nylon, wool, hand knitting and blended yarns, all known for their high quality and durability.

The company operates two manufacturing facilities in Punjab, located in Village Mangarh and Village Koom Khurd. They are ISO 9001:2015 certified and follow Good Manufacturing Practices (GMP) to ensure a strong quality management system.

In addition to acrylic cloth, the company produces blended yarns, nylon, polyester, and acrylic yarns.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 23.68 46 23.67
EBITDA 5.14 6.10 1.16
PAT 3.54 3.16 0.16
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 55.40 18.20  14.58
Share Capital 0.02  5.54 2.59 
Total Borrowings 16.27 9.69 8.98
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 5.11 0.21  -2.02 
Net Cash Generated From / (used in) investing activities -0.42 -0.32 -1.89
Net Cash Generated From / (used in) financing activities 7.45 0.10  3.05 
Net Increase (Decrease) In Cash And Cash Equivalents 12.14  0.09 -0.87


Strengths

1. The company’s focus on recycling synthetic waste to produce yarn gives it an environmentally friendly edge, appealing to sustainability conscious businesses and reducing raw material costs.

2. Paramount Dye Tec offers customized yarn solutions tailored to client needs, giving it a competitive advantage in meeting diverse demands across the textile industry.

3. With ISO 9001:2015 and GMP certifications, the company ensures high quality standards, building trust and credibility with its clients.
 

Risks

1. Although the company uses recycled materials, fluctuations in the availability and cost of waste synthetic fibers may impact production and profitability.

2. The textile industry is highly competitive, with many players offering similar products. Paramount Dye Tec may face challenges in maintaining market share, especially in pricing.

3. As a B2B business, its revenues may be impacted by downturns in the textile industry, with reduced demand from customers during economic slowdowns or changing industry trends.

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FAQs

Paramount Dye Tec IPO opens from 30 September to 3 October 2024.

The size of the Paramount Dye Tec IPO is ₹28.43 Cr.
 

The price of the Paramount Dye Tec IPO is fixed at ₹111 - ₹117 per share. 

To apply for Paramount Dye Tec IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Paramount Dye Tec IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Paramount Dye Tec IPO is 1200 shares and the investment required is ₹1,33,200.
 

The share allotment date of Paramount Dye Tec IPO is 4 October 2024.

The Paramount Dye Tec IPO will be listed on 8 October 2024.

Gretex Corporate Services Limited is the book running lead manager for Paramount Dye Tec IPO.
 

Paramount Dye Tec plans to utilize the raised capital from the IPO for:

1. Setting up a manufacturing unit  
2. Repayment/Prepayment of company debts  
3. Land registration expenses  
4. General corporate purposes