Subscriptions for the Paramount Dye Tec IPO will be accepted beginning on Monday, September 30, 2024, and ending on Thursday, October 3, 2024. The share price of this impending IPO is between Rs 111 and Rs 117. For the retail sector, a minimum lot size of 1200 shares is required. Meanwhile, two lots, or 2,400 shares, are the minimum lot size for the HNI group.
The book-built Paramount Dye Tec IPO is a Rs 28.43 crore offering. An completely new issue of 24.3 lakh equity shares is planned for this IPO. On Friday, October 4, 2024, the allotment for this new IPO is anticipated to be finalized. On Tuesday, October 8, 2024, Paramount Dye Tec IPO will go public on NSE SME.
Paramount Dye Tec IPO Details
| IPO Open Date | September 30, 2024 |
| IPO Close Date | October 3, 2024 |
| Listing Date | Tuesday, October 8, 2024 |
| 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 |
Paramount Dye Tec Financials
| FY 2024 | |
| Assets | 5,549.65 |
| Revenue | 2,367.9 |
| Profit After Tax | 354.09 |
| Net Worth | 3,032.06 |
| ROE | 11.68% |
| ROCE | 16.53% |
| Debt/Equity | 0.54 |
| RoNW | 11.68% |
| PAT Margin (%) | 15.06 |
About the Company – Paramount Dye Tec
Located in Ludhiana, Punjab, Paramount Dye Tec Limited is a business that specializes in producing yarns through the recycling of synthetic waste fiber, catering to the B2B market in the textile sector. Their products encompass a variety of synthetic fibers and yarns, such as acrylic, polyester, nylon, wool, hand-knitted, and acrylic blend yarns, all of which are known for their superior quality, refined impact, and long-lasting excellence. Synthetic waste fibers are the main raw material used by PDTL, where they are processed into premium yarn.
This procedure improves economic efficiency and the sustainability of the industry. With ongoing research and development, they have created cutting-edge technology that recycles pre-consumer trash into high-quality yarn and fiber. They are based out of the villages of Mangarh and Koom Khurd, where they have their production plant.
