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28 September 2024

Paramount Dye Tec Limited IPO, GMP, Details, Price, And Review

Paramount Dye Tec Limited, a Punjab-based company, was founded in January 2014. The company produces yarns using recycled waste synthetic fibre, thereby catering to the textile industry’s B2B segment. ISO 9001:2015 and GMO-certified PDTL have 2 manufacturing facilities situated in Village Koom Khurd and Mangarh. They use synthetic waster fibres as the primary raw material, thereby delivering quality yarn. The company’s portfolio offers wide products, including yarns and synthetic fibres such as nylon, acrylic, polyester, nylon, wool and hand-knitting yarns. They offer finer impact with quality and lasting excellence.

Paramount Dye Tec IPO Overview:

● Issue Size: ₹28.43 crores
● Type: Fresh issue
● Total Shares Offered: 24.3 lakh shares
● Price Band: ₹111 to ₹117 per share
● Minimum Lot Size: 1,200 shares (₹133,200 to ₹140,400 per lot)

Subscription Details

● Open Date: September 30, 2024
● Close Date: October 3, 2024

Key Participants

● Book Running Lead Manager: Gretex Corporate Services Limited
● Registrar: Bigshare Services Pvt Ltd
● Market Maker: Gretex Share Broking

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Paramount Dye Tec Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
08-10-2024	117	5 (4.27%)	08-Oct-2024 12:30
07-10-2024	117	5 (4.27%)	07-Oct-2024 12:15
04-10-2024	117	5 (4.27%)	04-Oct-2024 12:27
03-10-2024	117	5 (4.27%)	03-Oct-2024 12:50

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Paramount Dye Tec IPO Overview

Detail	Description
IPO Date	September 30, 2024 to October 3, 2024
Listing Date	[.]
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
Shareholding pre issue	4,512,651
Shareholding post issue	6,942,651
Market Maker portion	122,400 shares

Paramount Dye Tec IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Monday, September 30, 2024
IPO Close Date	Thursday, October 3, 2024
Basis of Allotment	Friday, October 4, 2024
Initiation of Refunds	Monday, October 7, 2024
Credit of Shares to Demat	Monday, October 7, 2024
Listing Date	Tuesday, October 8, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 3, 2024

Paramount Dye Tec 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 Tec Limited IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Paramount Dye Tec IPO Promoter Holding

Share Holding Pre Issue	99.97%
Share Holding Post Issue	64.97%

COMPANY’s FINANCIALS

The company saw a consistent profit after tax increase over the past few years. Its PAT increased to Rs 3.16 crore in FY23 from FY22’s Rs 0.16 crore. In FY24, the PAT increased to Rs 3.54 crore.

Paramount Dye Tec Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024	31 Jan 2024
Assets	5,549.65	3,490.07
Revenue	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

	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
Amount in ₹ Lakhs

Key Performance Indicator

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	5.1
P/E (x)	10.44	22.94

Objectives of Paramount Dye Tec IPO

The net proceeds from the fresh issue are intended to be used by the company for,

● Manufacturing Unit set up.

● Repayment/Prepayment of some company-availed Debt Facilities.

● Land purchased from the promoter's registration expenses.

● General Corporate Purposes.

Competitive Strength:

● Use of recycled synthetic waste as the raw material.
● Cost benefits in comparison to its competitors include the conversion of waste into usable fibre and yarn.
● Custom yarn solutions for the customers are available as per specific needs.
● Expanding the spinning capacity for converting fibre into yarn. It is a strategic move to increase profitability significantly.
● ISO 9001:2015 & Good Manufacturing Process (GMP) certified company.
● The company provides a complete solution with the production of both fibre and yarn. It helps to streamline the client’s supply chain.

Our Overview

It will be updated soon.

FAQs for Paramount Dye Tec IPO

Which IPO is being launched by Paramount Dye Tec?

The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹28.43 Crore through the issue that’s priced at ₹111 to ₹117 per equity share.
When does the subscription for Paramount Dye Tec IPO open?

The subscription for the QIB, NII, and Retail Investors opens on September 30, 2024, and closes on October 3, 2024.
What is Paramount Dye Tec IPO Investors Portion?

The investors’ portion for QIB is 50, NII is 15%, and Retail is 35%.
What is the issue size of Paramount Dye Tec IPO?

₹28.43 crores is Paramount Dye Tec IPO issue size.
What is the Price Band for Paramount Dye Tec IPO?

₹111 to ₹117 is the Price Band for Paramount Dye Tec IPO.
What is the lot size of Paramount Dye Tec IPO?

1200 Shares with ₹140,400 amount is the lot size.
What is the Allotment date for Paramount Dye Tec IPO?

October 4, 2024, is the allotment date for Paramount Dye Tec IPO.
What is the listing date for the Paramount Dye Tec IPO?

October 8, 2024, is the listing date for Paramount Dye Tec. The IPO will be listed on the NSE.
What is Paramount Dye Tec current GMP?

The current GMP of Paramount Dye Tec is 5 (4.27%).