Paramount Dye Tec Ltd IPO

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, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. We are an ISO 9001:2015 and Good Manufacturing Practice (GMP) certified organization.

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50years

Paramount Dye Tec Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 24.3 LTBA₹ 8.09 L₹ 45.11 LNSE₹ 28.43 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
30 Sep, 2403 Oct, 241200 ₹ 1,33,200 Book Building - SME08 Oct, 24

Paramount Dye Tec Ltd IPO Dates

  • 30 Sep 2024

    Opening date

  • 03 Oct 2024

    Closing date

  • 04 Oct 2024

    Basis of
    Allotment

  • 07 Oct 2024

    Initiation of
    Refunds

  • 07 Oct 2024

    Credit of
    Shares

  • 08 Oct 2024

    Listing date

Details

SectorType
SectorTextiles - Spinning - Synthetic
Sub SectorBlended
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x11520000
NII0.79x346800272400
Retail2.73x8088002209200
Employee0x00
Total1.02x24300002481600

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Paramount Dye Tec Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations4.91TBATBA
EBITDA5.08TBATBA
PAT3.54TBATBA
Total Assets38.59TBATBA
Share Capital0.02TBATBA
Total Borrowings13.86TBATBA
Operating Activities (Net Cash)3.71TBATBA
Investing Activities (Net Cash)0.00TBATBA
Financing Activities (Net Cash)13.86TBATBA
Net Cashflow12.39TBATBA

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Paramount Dye Tec Ltd

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 thereafter converted from Partnership Firm to a Public Limited Company under Part I chapter XXI of the Companies Act, 2013 with the name and style of Paramount Dye Tec Limited and received a Certificate of Incorporation from the Registrar of Companies, Central Registration Centre dated January 04, 2024. The Corporate Identification Number of the Company is U13997PB2024PLC060422.

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 end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic.

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, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. We are an ISO 9001:2015 and Good Manufacturing Practice (GMP) certified organization.

Peer Comparison:

  • No Listed Industry Peers

Paramount Dye Tec Ltd IPO Key Points

Strengths

  • Use of recycled synthetic waste as raw materials.
  • Margin Benefits.
  • Custom Solutions.
  • Value Addition through Enhanced Spinning Capacity.
  • Cost-effective products.

Risk

  • The company operates in a heavily regulated sector and its operations are subject to environmental, health and safety regulations that could expose it to liability, increase its cost of operations or otherwise have a material adverse effect on its results of operations and could also result in enhanced compliance obligations.
  • Majority of its revenue is dependent on single business segment i.e. manufacturing of fiber and yarns. Any adverse impact on sales of a product would adversely affect its operations and profitability.
  • Its business depends on the company manufacturing facility and the loss of or shutdown of operations of the manufacturing facility on any grounds could adversely affect its business or results of operations. Further, the company's business involves usage of manpower and any unavailability of its employees or any strikes, work stoppages may have an adverse impact on its cash flows and results of operations.

Strategy

  • Venturing into new market using cotton cloth cutting.
  • The yarn can be dyed into any shade.
  • We guarantee a consistent ratio of cotton and polyester.
  • We effectively utilize waste from cotton spinning plants.
  • Our products are economically priced compared to virgin yarns, enhancing their appeal in the market.
  • Use of recycled synthetic waste as raw materials.
  • Margin Benefits.
  • Custom Solutions.
  • Value Addition through Enhanced Spinning Capacity.
  • Cost-effective products.

How To Apply for Paramount Dye Tec Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Paramount Dye Tec Ltd's IPO offers shares for up to ₹ 0 L It begins on Sep 30, 2024 and ends on Oct 3, 2024.

The price of Paramount Dye Tec Ltd IPO ranges between ₹111 to ₹117 per share.

The Paramount Dye Tec Ltd IPO opens on Sep 30, 2024 and closes on Oct 3, 2024.

The allotment for the Paramount Dye Tec Ltd IPO will be finalised on Oct 4, 2024. The shares will be listed on BSE and NSE on Oct 8, 2024.

The minimum lot size for Paramount Dye Tec Ltd IPO is 1200 shares, priced between ₹111 to ₹117 per share.

The GMP (Grey Market Premium) of Paramount Dye Tec Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Paramount Dye Tec Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Paramount Dye Tec Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 30, 2024, and closes on Oct 3, 2024. The allotment is finalised on Oct 4, 2024.

To apply for the Paramount Dye Tec Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.