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Paramount Dye Tec IPO: Things Smart Investors Need to Know

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Paramount Dye Tec Limited was initially established as a partnership firm and later converted into a public limited company. Headquartered in Ludhiana, Punjab, Paramount Dye Tec specializes in manufacturing textile chemicals and dyeing solutions that cater to a wide range of industries, including apparel, home textiles, and industrial fabrics. The company’s commitment to quality and innovation has solidified its market position, making it a key player in the Indian textile chemical sector.

Core Business and Market Position


With a diverse product portfolio, Paramount Dye Tec serves both domestic and international markets. Its core business focuses on providing eco-friendly, high-performance dyeing solutions. As the textile industry evolves, Paramount is poised to grow due to its competitive pricing, strong customer relationships, and emphasis on sustainable practices, making it a valuable contender in the market.

Paramount Dye Tec IPO Details and Objectives

IPO Component

Details

Fresh Issue

Upto 24,30,000 Equity Shares

Price Band

₹ 111 to ₹ 117 per share

Lot Size

Minimum of 1,200 shares

Market Maker Reservation

1,22,400 Equity Shares

Issue Opens

September 30, 2024

Issue Closes

October 03, 2024

The primary objective of the IPO is to raise funds for working capital requirements and general corporate purposes, which will help in expanding the company's operational capabilities and strengthen its market presence.

Purpose of the IPO

The funds raised from the IPO will be allocated towards:

  • Working capital requirements
  • General corporate purposes

Timeline of Paramount Dye Tec IPO

Event

Date

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

Pricing and Lot Size of Paramount Dye Tec IPO

  • Price Band for the IPO
    • The price band is set between ₹111 to ₹117 per share.
    • Investors can bid within this price range.
  • Minimum Lot Size and Application Details:
    • Face value of each share is ₹10.
    • Minimum bid lot size is 1,200 shares.
    • Applications can be made in multiples of 1,200 shares.
    • Retail investors can apply for a minimum of 1 lot (1,200 shares) costing ₹140,400 at the upper price band.
    • High-Net-Worth Individuals (HNIs) must apply for at least 2 lots (2,400 shares), costing ₹280,800 at the upper price band.

How to Apply for the Paramount Dye Tec IPO?

Online Application Process:

  • Visit the Bajaj Broking website or app.
  • Go to the IPO section and select 'Paramount Dye Tec IPO'.
  • Fill in your details, select the number of shares, and choose the lot size.
  • Complete your application using UPI or ASBA for payment.

Financial Health and Performance

Key Financial Metrics

  • Assets: Increased from ₹3,490.07 lakhs as of January 2024 to ₹5,549.65 lakhs by March 2024, indicating substantial asset growth.
  • Revenue: ₹2,367.9 lakhs for the year ended March 2024, compared to ₹2,955.91 lakhs in the previous period.
  • Profit After Tax (PAT): Grew from ₹278.65 lakhs in January 2024 to ₹354.09 lakhs by March 2024, showing positive profitability.
  • Net Worth: ₹3,032.06 lakhs by March 2024, with a significant increase in reserves and surplus.
  • Total Borrowing: Reduced from ₹2,247.76 lakhs to ₹1,627.37 lakhs, reflecting improved financial stability.

Recent Performance and Growth Prospects

  • Strong growth in assets and profitability over the recent period.
  • The company is experiencing robust demand for its products, positioning itself for further expansion.
  • Reduction in borrowing enhances financial flexibility and positions Paramount Dye Tec for growth in both domestic and international markets.
  • Plans to diversify into adjacent chemical sectors to further support future revenue growth.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • Market Risks: As this is the first public issue, there's no prior trading history.
  • Industry Risks: Fluctuations in raw material prices may impact margins.
  • Regulatory Risks: Compliance with evolving environmental regulations can increase operational costs.

Opportunities and Growth Potential

  • Sustainability: Strong demand for eco-friendly products in the textile industry.
  • Expansion: Plans to enter international markets can drive revenue growth.
  • Innovation: Continuous R&D to enhance product offerings and maintain a competitive edge.

Key Performance Indicators (KPI)

KPI

Values

ROE

11.68%

ROCE

16.53%

Debt/Equity

0.54

RoNW

11.68%

PAT Margin (%)

15.06%

These KPIs highlight Paramount Dye Tec's solid financial performance, showcasing healthy returns and profitability while maintaining a balanced debt-to-equity ratio.

Paramount Dye Tec IPO Registrar

Registrar

Contact Information

Bigshare Services Pvt. Ltd

Email: ipo@bigshareonline.com, Tel: +91 22 6263 8200

Paramount Dye Tec IPO Lead Managers

Lead Manager

Contact Information

Gretex Corporate Services Ltd

Email: info@gretexgroup.com, Tel: +91 96532 49863

Conclusion

The Paramount Dye Tec IPO provides investors with an opportunity to invest in a growing company within the textile chemical industry. With a focus on innovation and sustainability, the company has strong growth potential. However, investors should consider market and regulatory risks before making their investment decisions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

What is the Paramount Dye Tec IPO date & price?

Answer Field

Paramount Dye Tec IPO opens on September 30, 2024, and closes on October 3, 2024. The price band is set at ₹111 to ₹117 per share. Investors can apply for a minimum of 1,200 shares.

What is the Paramount Dye Tec IPO, and why is it significant?

Answer Field

Paramount Dye Tec IPO is a fresh issue of 24.3 lakh shares, amounting to ₹28.43 crores. This IPO will help the company raise funds for growth, making it a significant step for future expansion.

What is the price band for the Paramount Dye Tec IPO, and how was it determined?

Answer Field

The price band for the IPO is ₹111 to ₹117 per share. The price was determined using the book-building process, assessing market demand.

What are the key risks and rewards of investing in the Paramount Dye Tec Ltd IPO?

Answer Field

Key rewards include growth potential and market expansion. However, investors should be aware of market volatility and regulatory risks that could affect profitability.

When will the Paramount Dye Tec IPO shares be listed?

Answer Field

The shares are expected to be listed on the NSE SME platform on October 8, 2024, with the allotment finalized on October 4, 2024.

What documents should I review before investing in the Paramount Dye Tec IPO?

Answer Field

Before investing, review the Red Herring Prospectus, financial statements, and risk factors mentioned in the IPO documentation for a clear understanding.

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