Paramount Dye Tec Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,152,000 (47%) | — | ₹1,348 Cr |
| NII (HNI) | — | 346,800 (14%) | — | ₹406 Cr |
| Retail | — | 808,800 (33%) | — | ₹946 Cr |
| Market Maker | — | 122,400 (5%) | — | ₹14 Cr |
| Σ Total | — | 2,430,000 (100%) | — | ₹28,431 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹140,400 |
| Retail (Max) | 13 | 15,600 | ₹1,825,200 |
| S-HNI (Min) | 14 | 16,800 | ₹1,965,600 |
| B-HNI (Min) | 67 | 80,400 | ₹9,406,800 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Jan 2024 |
|---|---|---|
| Revenue | 2,368 | 2,956 |
| Profit After Tax | 354 | 279 |
| Net Worth | 3,032 | 1 |
| Total Assets | 5,550 | 3,490 |
| Reserves & Surplus | 3,030 | — |
| Total Borrowing | 1,627 | 2,248 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Setting up of Manufacturing Unit –
- Repayment/Prepayment of Certain Debt Facilities availed by the Company –
- Expenses towards Registration of Land purchased from Promoter –
- General Corporate Purposes –
Company Overview
Founded in January 2014, Paramount Dye Tec Limited produces yarns by recycling waste synthetic fiber, catering to the B2B segment of the textile industry.
The company offers a range of products, including synthetic fiber and yarns such as acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, known for their quality, durability, and lasting excellence.
The company has two manufacturing facilities situated in Village Mangarh and Village Koom Khurd, Punjab.
The company is ISO 9001:2015 and is a Good Manufacturing Practice (GMP) certified organization for a robust Quality Management System.
The company deals in acrylic cloth as well as other products such as blended yarn, nylon, polyester yarns, and acrylic yarn.
Competitive Strength
- Utilization of recycled synthetic waste as raw material.
- Cost benefits as compared to its competitors by converting waste into usable fiber and yarn.
- Custom yarn solutions for customers as per their specific requirements.
- Expanding spinning capacity to convert fiber into yarn is a strategic move that minimally increases expenses while significantly boosting profitability.
- ISO 9001:2015 and Good Manufacturing Process (GMP) certified company.
- The company offers a complete solution by producing both fiber and yarn to streamline the supply chain for its clients.