Paramount Dye Tec IPO Date, Review, Price, Allotment Details

Paramount Dye Tec IPO is opening for subscription on September 30, 2024, and closing on October 3, 2024. This NSE SME IPO aims to raise ₹28.43 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Paramount Dye Tec IPO is fixed at ₹111- ₹117 Per Share, with a market lot of 1200 share.The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Paramount Dye Tec IPO Allotment will done on October 4, 2024, and Paramount Dye Tec IPO listing date is October 8, 2024.

 

Paramount Dye Tec Company Profile

Paramount Dye Tec Limited is based in Village Mangarh, Ludhiana, Punjab. The company specializes in the manufacturing of yarns through recycled synthetic fiber, focusing on the B2B segment of the textile industry. Their product range includes acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn, and acrylic blend yarn.

The company emphasizes environmental responsibility, using innovative technology to recycle synthetic waste into premium yarn and fibers. They are ISO 9001:2015 and GMP-certified, ensuring strong quality management and manufacturing processes.

Over time, Paramount Dye Tec has transitioned from trading to a focus on enhancing production, with plans to expand its manufacturing capacity.

Key Products and Services

The product line of Paramount Dye Tec covers a broad range of yarns and fibers used in various textile applications:

1. Acrylic Yarn: Known for its softness and warmth, widely used in the knitting and garment industry.
2. Polyester Yarn: Offers strength and durability, ideal for clothing and industrial applications.
3. Nylon Yarn: Provides elasticity and resistance, making it a preferred choice for hosiery and fabrics that require stretch.
4. Wool Yarn: Used in crafting high-end garments and textiles that require warmth and luxury.
5. Hand-Knitting Yarn: Specially designed for handcrafting garments, this yarn is used by artisans for high-quality, custom-made knitwear.
6. Acrylic Blend Yarn: A combination of acrylic and other fibers, providing enhanced softness, strength, and durability for diverse applications.

The company not only caters to the Indian market but also serves international clients, thereby broadening its footprint in the global textile market.

Focus on Recycling and Sustainability

Paramount Dye Tec stands out for its environmentally responsible business model. The company is dedicated to using recycled synthetic fibers, specifically those classified as pre-consumer waste. This innovative approach aligns with global sustainability goals by minimizing waste and reusing materials that would otherwise end up in landfills.

Through continuous research and development (R&D), Paramount Dye Tec has developed advanced recycling techniques that enable the company to produce high-quality yarns from synthetic waste without compromising on strength, appearance, or durability. The recycled products offer similar or superior performance compared to virgin fibers, making them a viable option for textile manufacturers seeking sustainable raw materials.

Certifications and Standards

To ensure its commitment to quality and sustainability, Paramount Dye Tec operates under strict compliance with various international standards:

• ISO 9001:2015: This certification attests to the company’s adherence to a robust Quality Management System (QMS). It demonstrates that the company follows a structured and standardized approach to manufacturing, ensuring product quality and process efficiency.
• GMP (Good Manufacturing Practices): The company complies with the GMP standards, which focus on ensuring the safety and quality of the manufacturing processes. This certification helps Paramount Dye Tec maintain consistent product quality while minimizing risks in production.

Business Evolution and Strategy

Paramount Dye Tec began as a trading company in the textile industry, focusing on building strong relationships with customers. Over time, as the company gained a solid foothold in the market, it invested in enhancing its manufacturing capabilities. This shift from trading to manufacturing allowed the company to better control the quality and supply of its products, ensuring timely delivery and consistency across its product lines.

Despite this transition, the company still maintains its trading business to handle bulk orders and fulfill customer needs. This dual focus enables Paramount Dye Tec to cater to both large and small buyers, providing flexibility in meeting diverse market demands.

Expansion Plans and Future Growth

As part of its strategic expansion, Paramount Dye Tec has laid out plans to scale its manufacturing operations. With an eye on increasing production capacity, the company aims to meet the growing demand for sustainable yarns both domestically and internationally.

In addition to expanding production, the company continues to invest in technological advancements. By improving its recycling processes and introducing more efficient production methods, Paramount Dye Tec is well-positioned to capture a larger share of the textile market, particularly as sustainability becomes a key focus in the global industry.

 

Paramount Dye Tec IPO GMP

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Paramount Dye Tec IPO Objectives

The funds raised through the IPO will be utilized for:

1. Setting up a Manufacturing Unit
2. Repayment/Prepayment of Certain Debt Facilities
3. Expenses for Land Registration Purchased from Promoters
4. General Corporate Purposes

 

Paramount Dye Tec IPO Key Details

• Paramount Dye Tec IPO Open Date: September 30, 2024
• Paramount Dye Tec IPO Close Date: October 3, 2024
• Paramount Dye Tec IPO Size: Approximately ₹28.43 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Paramount Dye Tec IPO Price Band: ₹111- ₹117 Per Equity Share
• Paramount Dye Tec IPO Listing on: NSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Paramount Dye Tec IPO Timeline

• Paramount Dye Tec IPO Open Date: September 30, 2024
• Paramount Dye Tec IPO Close Date: October 3, 2024
• Basis of Allotment: October 4, 2024
• Refunds: October 7, 2024
• Credit to Demat Account: October 7, 2024
• Paramount Dye Tec IPO Listing Date: October 8, 2024

 

How to Apply for Paramount Dye Tec IPO

Investors can apply for the Paramount Dye Tec IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Paramount Dye Tec Financial Performance (in Crores)

• Jan 2024: Revenue: ₹29.56 Cr, Expense: ₹25.28 Cr, Profit After Tax: ₹2.79 Cr, Assets: ₹34.90 Cr
• Year 2024: Revenue: ₹23.68 Cr, Expense: ₹18.95 Cr, Profit After Tax: ₹3.54 Cr, Assets: ₹55.50 Cr

 

Paramount Dye Tec Valuation FY2024

• Return on Equity (RoE) : 11.68%
• Return on Capital Employed (RoCE) : 16.53%
• EBITDA Margin: 21.88%
• PAT Margin: 15.06%
• Debt to Equity Ratio: 0.54
• Earnings Per Share (EPS): ₹7.86 (Basic)
• Price/Earnings (P/E) Ratio: 14.12
• Return on Net Worth (RoNW): 11.68%
• Net Asset Value (NAV): ₹67.31

 

Paramount Dye Tec Peer Group

• N/A

 

Paramount Dye Tec Company Promoters

• Mr. Kunal Arora
• Ms. Palki Arora

 

Paramount Dye Tec IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Paramount Dye Tec IPO Allotment Status Check

• Check the Paramount Dye Tec IPO allotment status on the Bigshare Serviceswebsite.

 

Paramount Dye Tec IPO Allotment Link

• Check the Paramount Dye Tec IPO allotment on the Check Ipo Allotment website.

 

Paramount Dye Tec IPO Lead Managers (Merchant Bankers)

• Gretex Corporate Services Limited

Paramount Dye Tec Company Address

Village Mangarh,
Machiwara Road, Kohara
Ludhiana,Punjab-141 112 India
Website: https://www.paramountdyetec.com/
Phone: +91 9056855519
Email: info@paramountdyetec.com

Paramount Dye Tec IPO FAQs

What is Paramount Dye Tec IPO?

Paramount Dye Tec IPO is an NSE SME IPO. They are going to raise ₹28.43 Crores via IPO. The issue is priced at ₹111- ₹117 Per equity share. The IPO is to be listed on NSE.

 

When will the Paramount Dye Tec IPO open?

The IPO is to open on September 30, 2024, for NII, and Retail Investors.

 

What is Paramount Dye Tec IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Paramount Dye Tec IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Paramount Dye Tec IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Paramount Dye Tec IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Paramount Dye Tec IPO Size?

Paramount Dye Tec IPO size is ₹28.43 Crores.

 

What is Paramount Dye Tec IPO Price Band?

Paramount Dye Tec IPO Price Band is ₹111- ₹117 Per equity share.

 

What is Paramount Dye Tec IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 share with ₹140,400.

 

What is Paramount Dye Tec IPO Allotment Date?

Paramount Dye Tec IPO allotment date is October 4, 2024.

 

What is Paramount Dye Tec IPO Listing Date?

Paramount Dye Tec IPO listing date is October 8, 2024. The IPO to list on NSE SME IPO.