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Paramount Dye Tec Ltd

Textiles

Offer Period :

30th to 3rd Oct 2024

Paramount Dye Tec Ltd IPO Details

IPO Date 30th to 3rd Oct 2024 Minimum Investment ₹140400 / 1 Lots
Listing Date 2024-10-08 Maximum Investment ₹140400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹28.43 Crores
Price ₹117 to ₹117 per share Fresh Issue ₹28.43 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 30th to 3rd Oct 2024
Listing Date 2024-10-08
Face Value ₹10 per share
Price ₹117 to ₹117 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹140400 / 1 Lots
Maximum Investment ₹140400 / 1 Lots
Total Issue Size ₹28.43 Crores
Fresh Issue ₹28.43 Crores
Offer For Sale
Retail Discount ₹ 0

About Paramount Dye Tec Ltd :

Paramount Dye Tec Ltd, a prominent player in the textile dye industry, is opening its doors to the public with an Initial Public Offering (IPO) on September 30, 2024. The company, established initially as a partnership firm in 2014, has grown substantially and converted into a public limited entity earlier this year. The IPO will feature a fresh issue of 24,30,000 equity shares, each with a face value of ₹10. The price band has been set between ₹111 and ₹117 per share, allowing investors to participate at various levels. The company plans to utilize the proceeds from the IPO to fuel its growth strategy, which includes expansion into new markets, modernization of production facilities, and further strengthening its balance sheet. This move marks an important milestone in Paramount Dye Tec’s history, reflecting its commitment to innovation and sustained leadership in the dye manufacturing industry.

The issue will be managed by Gretex Corporate Services Limited, with Bigshare Services Private Limited acting as the registrar. Investors can submit bids starting September 30, 2024, with the issue closing on October 3, 2024. A significant portion of the shares will be allocated to qualified institutional buyers, with the remainder available for non-institutional and retail investors. With its strong foundation and market presence, Paramount Dye Tec Ltd aims to attract a diverse range of investors eager to capitalize on the promising prospects of the textile industry. The company’s listing will take place on the NSE Emerge platform, allowing greater visibility and access to capital in the future.

Timeline

Important dates for allocation and IPO listing.

30th Sep

IPO Starts

3rd Oct

IPO Ends

4th Oct

Allotment Date

7th Oct

Initiation of Refund

7th Oct

Credit of Shares to Demat Account

8th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.97 64.97
Public Group 0.03 35.03

Paramount Dye Tec Ltd IPO Reservation

QIB Shares Offered 460800(18.96%)
NII (HNI) Shares Offered 346800(14.27%)
Retail Shares Offered 808800(33.28%)
Anchor Investor Shares Offered 691200(28.44%)
Total Shares Offered 2430000
Total Shares With Anchor Investor 2430000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Paramount Dye Tec Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 - 22 - 6263 8200;
Email Id investor@bigshareonline.com
Our Website www.bigshareonline.com

Paramount Dye Tec Ltd IPO Lead Manager

1. Gretex Corporate Services Ltd

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Paramount Dye Tec Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 4,60,800 0 5,397.0
Non Institutional Investors 4,69,200 9,31,200 5,397.0
Retail Individual Investors (RIIs) 8,08,800 64,76,400 5,397.0
Total 17,38,800 74,07,600 5,397.0

Strength of Paramount Dye Tec Ltd

1. Use of recycled synthetic waste as raw materials.

2. Margin Benefits.

3. Custom Solutions.

4. Value Addition through Enhanced Spinning Capacity.

5. Cost-effective products.

6. Tailored solutions.

7. Quality assurance.

8. Simplified supply chain.

Risks Involved

1. The company operates in a heavily regulated sector and its operations are subject to environmental, health and safety regulations that could expose it to liability, increase its cost of operations or otherwise have a material adverse effect on its results of operations and could also result in enhanced compliance obligations.

2. Majority of its revenue is dependent on single business segment i.e. manufacturing of fiber and yarns. Any adverse impact on sales of a product would adversely affect its operations and profitability.

3. Its business depends on the company manufacturing facility and the loss of or shutdown of operations of the manufacturing facility on any grounds could adversely affect its business or results of operations. Further, the company's business involves usage of manpower and any unavailability of its employees or any strikes, work stoppages may have an adverse impact on its cash flows and results of operations.

4. The Company is dependent on a few suppliers for purchases of product/service. The loss of any of these large suppliers may affect its business operations.

5. Too much Geographical concentration of its Business in one location can impact the company's Business.

6. The company faces competition in its business from organized and unorganized players, which may adversely affect its business operation and financial condition.

7. The company derives a majority portion of its revenue from operations from the company top 10 customers, contributing 78.18% revenue from operations for the period ended March 31, 2024. Loss of one or more of these customers or a reduction in the amount of business the company obtain from them could have an adverse effect on its business, results of operations, financial condition and cash flows. Further, the company does not have long-term agreements with any its customers.

8. There are outstanding proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceedings may have an adverse effect on its business, results of operations and financial condition.

9. The company has been in non-compliance of certain provisions of Companies Act, 2013, for which an application for adjudication has been filed with the ROC.

10. The Company is yet to place orders for 100% of the plant & machineries for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries may delay its implementation schedule and may also lead to increase in price of these plant & machineries, further affecting its revenue and profitability.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Paramount Dye Tec Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-08 93339 PARAMOUNT
INE0TG801013
₹117 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹117 ₹117
Open ₹0 ₹109.9
Low ₹0 ₹104.4
High ₹0 ₹109.9
Low ₹0 ₹104.4

Industry Outlook of Paramount Dye Tec IPO

The Indian textile industry, being one of the most established sectors in the economy, holds great significance for Paramount Dye Tec’s business operations. Below are key industry outlook points  Read more... The Indian textile industry, being one of the most established sectors in the economy, holds great significance for Paramount Dye Tec’s business operations. Below are key industry outlook points

Strong Market Demand: The demand for textiles, both domestically and internationally, is expected to increase as lifestyle changes and a growing middle class contribute to higher consumption.

Varied Product Range: India’s textile sector offers a wide range of products from natural fibres like cotton, silk, and jute to man-made fibres like polyester and viscose. Paramount Dye Tec is positioned well to benefit from this diversification in raw materials.

Government Initiatives: The Indian government has introduced schemes like the Production-Linked Incentive (PLI) scheme, which supports the growth of the textile sector. Paramount Dye Tec can take advantage of such initiatives to expand its operations.

Export Potential: With India being one of the top textile exporters, Paramount Dye Tec stands to gain from favourable trade policies and increasing demand for Indian textiles in global markets.

Sustainability Trends: A global shift toward sustainable and eco-friendly textile production offers growth opportunities for companies like Paramount Dye Tec that invest in green technologies and processes.

Technology Adoption: The adoption of advanced machinery and dyeing technologies will further enhance the productivity and efficiency of companies in this space. Paramount Dye Tec's investment in state-of-the-art equipment ensures they are at the forefront of industry innovations.

Labor Availability: India’s abundant skilled labour force provides a competitive advantage, enabling companies like Paramount Dye Tec to maintain production at lower costs while delivering high-quality products. Read less

Frequently Asked Questions

What is Paramount Dye Tec Ltd IPO?

Answer Field

Paramount Dye Tec Ltd IPO is a SME IPO of 24,30,000 equity shares of a face value of ₹10 aggregating up to ₹28.43 Crores. The issue is priced at ₹117 to ₹117 per share. The minimum order quantity is 1200 Shares. The IPO opens on September 30, 2024, and closes on October 03, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Paramount Dye Tec Ltd IPO will open?

Answer Field

The Paramount Dye Tec Ltd IPO opens on September 30, 2024 and closes on October 03, 2024.

What is the lot size of Paramount Dye Tec Ltd?

Answer Field

Paramount Dye Tec Ltd lot size is 1200 shares, and the minimum amount required is ₹1,40,400.

How to apply for Paramount Dye Tec Ltd IPO?

Answer Field

You can apply in Paramount Dye Tec Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Paramount Dye Tec Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Paramount Dye Tec Ltd IPO will be done on October 04, 2024, and the allotted shares will be credited to your demat account by October 07, 2024.

When is Paramount Dye Tec Ltd IPO listing date?

Answer Field

The Paramount Dye Tec Ltd listing date is October 08, 2024.

Who is the registrar of Paramount Dye Tec Ltd IPO?

Answer Field

The registrar of Paramount Dye Tec Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Gretex Corporate Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Paramount Dye Tec Ltd IPO?

Answer Field

The fresh issue size is ₹28.43 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Paramount Dye Tec Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,40,400 amount.

How can I approve the UPI mandate request for Paramount Dye Tec Ltd IPO?

Answer Field

To apply for Paramount Dye Tec Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Paramount Dye Tec Ltd?

Answer Field

The price of each Paramount Dye Tec Ltd share will be ranging in between ₹117 to ₹117 per share.

What is the cut-off time for the UPI mandate for Paramount Dye Tec Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 03, 2024.

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