Paramount Dye Tec Limited IPO, GMP, Details, Price, And Review IPO Details
| 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 | 1,200 Shares |
| Total Issue Size | 24,30,000 shares (aggregating up to ₹ 28.43 Cr) |
| Fresh Issue | 24,30,000 shares (aggregating up to ₹ 28.43 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 45,12,651 |
| Shareholding post issue | 69,42,651 |
| Market Maker portion | 1,22,400 shares |
About 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
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 |
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.
Paramount Dye Tec Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
2,367.9
₹ Crore
Profit After Tax
354.09
₹ Crore
Net Worth
3,032.06
₹ Crore
Total Borrowing
1,627.37
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 5,549.65 | 2,367.9 | 354.09 | 3,032.06 | 1,627.37 | ||||
| 31 Jan 2024 | 3,490.07 | 2,955.91 | 278.65 | 1 | 2,247.76 | ||||
| 31 March 2023 | 1,829.84 | 4,600.23 | 316.14 | 553.77 | 969.18 | ||||
| 31 Mar 2022 | 1,458.4 | 2,367.31 | 15.94 | 258.78 | 898.17 | ||||
| 31 Mar 2021 | 941.64 | 1,690.5 | 15.94 | 237.48 | 551.5 | ||||
| Amount in ₹ Crore | |||||||||
Paramount Dye Tec Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-08 | ₹117 | ₹5 (4.27%) | - |
Paramount Dye Tec Limited IPO, GMP, Details, Price, And Review 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 |
Frequently Asked Questions
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Competitive Strengths
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.
Download regulatory filings
Paramount Dye Tec Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹140,400 |
| Retail (Max) | 1 | 1200 | ₹140,400 |
| HNI (Min) | 2 | 2,400 | ₹280,800 |