Paramount Dye Tec is scheduled to hit the market on September 30, 2024 and close on October 3, 2024.
Paramount Dye Tec plans to raise around ₹28.43 Cr through an IPO with a sale of up to 2,430,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Paramount Dye Tec Limited was established in January 2014 and focuses on producing yarns by recycling waste synthetic fibers. The company serves the B2B market in the textile industry and offers a variety of products, including synthetic fibers and yarns like acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns. These products are known for their quality and durability. Paramount Dye Tec has two manufacturing units located in Village Mangarh and Village Koom Khurd in Punjab. It is certified with ISO 9001:2015 and follows Good Manufacturing Practices (GMP) for maintaining a strong Quality Management System.
The company has several competitive advantages, such as using recycled synthetic waste as raw material, which helps reduce costs compared to competitors. They also provide custom yarn solutions tailored to customer needs. Additionally, expanding their spinning capacity allows them to convert more fiber into yarn with minimal cost increases, leading to higher profits. By producing both fiber and yarn, Paramount Dye Tec offers a complete solution that streamlines the supply chain for its clients.
Paramount Dye Tec IPO Details
Paramount Dye Tec IPO opens on September 30, 2024, and closes on October 03, 2024. The Listing date for Paramount Dye Tec IPO is on October 08, 2024. The price band for IPO is ₹111 to ₹117 per share and lot size of 1200 Shares.
| IPO Date | September 30, 2024 to October 03, 2024 |
| Listing Date | October 08, 2024 |
| Price | ₹111 to ₹117 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹28.43 Cr |
| Face Value | ₹10 per share |
Paramount Dye Tec IPO Tentative Timetable
Paramount Dye Tec opening date is September 30, 2024 and close date is October 03, 2024. The IPO allotment date is October 04, 2024. Therefund initiation of IPO is on October 07, 2024. The credit of shares in demat account is on October 07, 2024. The listing date is on October 08, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 30, 2024 |
| IPO Closing | October 03, 2024 |
| IPO Allotment Date | October 04, 2024 |
| Refund Initiation | October 07, 2024 |
| Shares Credit to Demat | October 07, 2024 |
| Lisiting Date | October 08, 2024 |
Paramount Dye Tec IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹140,400).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹140,400 |
| Retail(Maximum) | 1 | 1200 | ₹140,400 |
| HNI (Minimum) | 2 | 2400 | ₹280,800 |
Paramount Dye Tec IPO Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 64.97% |
Paramount Dye Tec IPO Review
The company is launching its first IPO (Initial Public Offering) to raise funds by offering 2,430,000 equity shares at a price of Rs. 10 each. The goal is to collect Rs. 28.43 crore at the highest price.
In the last four financial years, the company has shown the following income and profit:
- FY21: Total Income – Rs. 16.91 crore, Net Profit – Rs. 0.16 crore
- FY22: Total Income – Rs. 23.67 crore, Net Profit – Rs. 0.16 crore
- FY23: Total Income – Rs. 46.00 crore, Net Profit – Rs. 3.16 crore
- FY24: For the period up to January 3, 2024, it reported a total income of Rs. 29.56 crore and a net profit of Rs. 2.79 crore. From January 4 to March 31, 2024, it reported a total income of Rs. 23.68 crore and a net profit of Rs. 3.54 crore.
So, for the entire FY24, the company has a total income of Rs. 53.24 crore and a net profit of Rs. 6.33 crore.
The company has provided financial data for just the last three months (January to March 2024), which makes it hard to calculate its average performance or compare it with other listed companies. Because of this limited data, the lead manager decided not to include comparisons with similar companies.
If we look at the earnings from FY24 in relation to its post-IPO fully diluted equity capital, the asking price gives a Price-to-Earnings (P/E) ratio of 12.84. When we look at FY23 earnings, the P/E ratio is higher at 25.71, suggesting that the current price seems fully valued.
The company’s profit margins over the years are as follows:
- FY21: 0.94%
- FY22: 0.67%
- FY23: 6.87%
- For period ended on January 3, 2024: 9.43%
- For period from January 4 to March 31, 2024: 15.06%
The Return on Capital Employed (RoCE) margins are:
- FY21: 11.33%
- FY22: 12.28%
- FY23: 70.00%
- For period ended on January 3, 2024: 535.20%
- For period from January 4 to March 31, 2024: 16.53%
The company focuses on recycling waste synthetic fiber to make yarn. It offers innovative products at reasonable prices. Recently, the company reported growth in both its sales and profits. As a public company, it has shared its financial performance for just three months. Based on the annual figures for FY24, the stock seems to be priced fairly. Given the strong future potential for recycled synthetic yarn and increasing demand, knowledgeable investors might consider investing for the long term.
Paramount Dye Tec IPO Subscription Status (Bidding Details)
Table not foundParamount Dye Tec IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Paramount Dye Tec IPO FAQs
What is Paramount Dye Tec IPO?
Paramount Dye Tec is issuing 2,430,000 equity shares with a face value of ₹10 each, totaling up to ₹28.43 Cr. The shares are being offered at a price of ₹111 to ₹117 each, with a minimum order quantity of 1200 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Paramount Dye Tec will open?
Paramount Dye Tec will open on September 30, 2024 for QIB, NII, and Retail Investors.
When Paramount Dye Tec IPO will end?
Paramount Dye Tec will end on October 03, 2024.
What is Paramount Dye Tec IPO Size?
Paramount Dye Tec IPO size is ₹28.43 Cr.
What is Paramount Dye Tec IPO Price Band?
Paramount Dye Tec price band is ₹111 to ₹117 per share.
What is Paramount Dye Tec IPO Allotment Date?
Paramount Dye Tec allotment date is October 04, 2024.
What is Paramount Dye Tec IPO Listing Date?
Paramount Dye Tec listing date is October 08, 2024. The IPO is to be listed on BSE and NSE.
How to Paramount Dye Tec IPO through Zerodha?
To apply for the IPO “Paramount Dye Tec” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Paramount Dye Tec IPO through Upstox?
To apply for the IPO “Paramount Dye Tec” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Paramount Dye Tec IPO Allotment Status?
For Paramount Dye Tec IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Paramount Dye Tec IPO GMP?
You can check out here: Paramount Dye Tec IPO GMP. Check all IPO GMP here.