IPO

Paramount Dye Tec Ltd. IPO

Paramount Dye Tec Ltd., established in 2024, operates in the Textiles - General sector. The company's IPO opened on September 30, 2024 and closed on October 3, 2024, with an issue price of ₹117. The ... Read more

Min Investment
₹ 1,40,400 / 1200 shares
Price Range
₹111 - ₹ 117
Bidding Dates
30 Sep '24 - 3 Oct '24
Total Issue Value
28.43 Cr
Lot Size
1,200
Total Issue Size
28.43 Cr
Listing At
NSE SME
Subscription
33.59 times
NSE Price
86.40 (-26.15%)

IPO Timeline

  • 30 Sep 2024
    Bidding Starts
  • 3 Oct 2024
    Bidding Ends
  • 4 Oct 2024
    Allotment Finalization
  • 8 Oct 2024
    Listing

About Paramount Dye Tec Ltd.

We “PDTL” are a waste recycling fiber & yarn manufacturing Company catering to B2B segment of the Textile industry based out in Ludhiana, Punjab. We offer a diverse range of products including synthetic fiber and yarns which includes acrylic yarn, polyester yarn, wool yarn, ... Read more

Parent organisation
Founded
Paramount Dye Tec Ltd.
2024

Paramount Dye Tec Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 6,91,200 (28.44%)
Market Makers 1,22,400 (5.04%)
Non Institutional Investors 3,46,800 (14.27%)
Qualified Institutional Buyers (QIBs) 4,60,800 (18.96%)
Retail Individual Investors (RIIs) 8,08,800 (33.28%)

Paramount Dye Tec Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 23.68 Cr 3.54 Cr 30.30 Cr
31 Mar 2023 46.00 Cr 3.16 Cr 0
31 Mar 2022 23.67 Cr 15.94 Lakh 0

Paramount Dye Tec Ltd. Background

Our Company was initially established as Partnership Firm under the Partnership Act, 1932 (“Partnership Act”) in the name and style of “Paramount Dye Tec” pursuant to Deed of Partnership dated January 03, 2014, effective from January 01, 2014. Paramount Dye Tec was ...

Read more

Major Events And Milestones
  • 2014
    Inception of Partnership Firm in the name and style of “Paramount Dye Tec”
  • 2023
    Achieved Turnover of more than ₹45 Crores.
    Certificate of Quality Management System ISO 9001:2015 issued by Assurance Quality Certification LLC
    Certificate of compliance with good manufacturing practices issued by Assurance Quality Certification LLC
  • 2024
    Conversion of Partnership Firm to Public Limited Company
    Obtain Factory License in the name of Company
    Rewarded the shareholders of the company by issuing Bonus Shares
Paramount Dye Tec Ltd. Object of Issues

1. Setting up of Manufacturing Unit
2. Repayment/Prepayment of Certain Debt Facilities availed by our Company
3. Expenses towards Registry of Land purchased from Promoter
4. General Corporate Purposes

Paramount Dye Tec Ltd. IPO Listing Details
Listing Date
8 Oct 2024
NSE Symbol
PARADYETEC
ISIN
INE0TG801013
Final Issue Price
₹ 117
Paramount Dye Tec Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 117.00
Open - ₹ 109.90
Low - ₹ 104.40
High - ₹ 109.90
Last Trade - ₹ 107.05
Paramount Dye Tec Ltd. Company Promoters

1. Mr. Kunal Arora
2. Ms. Palki Arora

Industry Overview

India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other ... Read more

Paramount Dye Tec Ltd. Contact Details
Address: Village Mangarh, Machiwara Road, Kohara, Ludhiana Punjab -
Phone no:9056855519
9056855519
|
Paramount Dye Tec Ltd. IPO Registrar
Bigshare Services Pvt. Ltd.
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai Maharashtra - 400093
62638200
Paramount Dye Tec Ltd. IPO Lead Manager(s)
Gretex Corporate Services Ltd.
A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls, Dadar (w), Delisle Road, Mumbai Maharashtra - 400013

FAQs

When does Paramount Dye Tec Ltd. IPO opens and closes?

Paramount Dye Tec Ltd. IPO opens from 30th September to 3rd October 2024.

What is the size of Paramount Dye Tec Ltd. IPO?

The size of the Paramount Dye Tec Ltd. IPO is ₹28.43 Cr.

What is the price range of Paramount Dye Tec Ltd. IPO?

The price range of Paramount Dye Tec Ltd. IPO is at ₹111 to ₹117 per share.

What is the minimum investment and lot size required for the Paramount Dye Tec Ltd. IPO?

The minimum investment required is ₹1,40,400 and minimum lot size is 1200 shares.

When is Paramount Dye Tec Ltd. IPO listing date?

The Paramount Dye Tec Ltd. IPO will be listed on 8th October 2024.

What is the objective of Paramount Dye Tec Ltd. IPO?

1. Setting up of Manufacturing Unit
2. Repayment/Prepayment of Certain Debt Facilities availed by our Company
3. Expenses towards Registry of Land purchased from Promoter
4. General Corporate Purposes

Latest Updates

Recycled Yarn Maker Paramount Dye Tec Hits The Market With IPO  Opening On September 30

Paramount Dye Tec Limited, a leading player in the textile industry, announced its initial public offering (IPO) to raise up to Rs 28.43 crores. The IPO consists entirely of a fresh issue of 24.3 lakh equity shares.

The company is set to launch its initial public offering (IPO) on September 30, 2024. The subscription period for the IPO will close on October 3, 2024. Allotment of shares is expected to be finalized on October 4, 2024. The company's shares are scheduled to commence trading on the National Stock Exchange's Small and Medium Enterprises (SME) platform on October 8, 2024. Paramount Dye Tec Limited has set the price band for its IPO at ₹111 to ₹117 per share. Investors must apply for a minimum lot size of 1200 shares. Retail investors are required to invest a minimum of ₹140,400, while high-net-worth individuals (HNIs) must invest at least ₹280,800 (2 lots). This tiered investment structure allows for broader participation in the IPO.

Paramount Dye Tec Limited, founded in January 2014, develops yarns from recycled synthetic fibers for the B2B market of the textile industry. The company's promoters are Mr. Kunal Arora and Ms. Palki Arora.

 

29 September 2024

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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