October 8, 2024
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Paramount Dye IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Paramount Dye listing Review
Will give detailed review on listing of this IPO
Paramount Dye IPO allotment Link
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Subscription status of Paramount Dye IPO
Paramount Dyes IPO (Closed)Price Rs. 117 Lot 1200 shares, Rs. 31.82 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 10.22 | 135.31 | 36.26 | 50.09 | 24440/ 36.26x |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Paramount Dye?
Paramount Dye Tec Limited: Innovating Yarn Production through Recycling
Founded in January 2014, Paramount Dye Tec Limited specializes in producing high-quality yarns by recycling waste synthetic fiber, serving the B2B segment of the textile industry.
Diverse Product Range
Paramount Dye Tec offers an extensive range of products, including:
- Synthetic Fibers
- Yarns: Acrylic, Polyester, Nylon, Wool, Hand-Knitting, and Acrylic Blend Yarns
These products are renowned for their quality, durability, and long-lasting excellence, making them ideal for various textile applications.
Manufacturing Facilities
The company operates two advanced manufacturing facilities located in Village Mangarh and Village Koom Khurd, Punjab. These state-of-the-art plants are equipped to meet the growing demands of the textile market while adhering to sustainable practices.
Quality Certifications
Paramount Dye Tec Limited is committed to quality and excellence, holding the ISO 9001:2015 certification and Good Manufacturing Practice (GMP) certification. These certifications reflect the company’s robust Quality Management System, ensuring that all products meet stringent quality standards.
Product Offerings
In addition to its core yarn products, the company also deals in:
- Acrylic Cloth
- Blended Yarn
- Nylon Yarn
- Polyester Yarn
- Acrylic Yarn
By focusing on sustainable practices and innovative production methods, Paramount Dye Tec Limited is making significant strides in the textile industry, providing high-quality recycled yarn solutions.
Get more information about the company @ https://www.paramountdyetec.com/
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Paramount Dye IPO Details |
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| IPO opens on | 30 September 2024 |
| IPO closes on | 3 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2430,000 Shares / Rs 28.43 Crore |
| * Fresh Issue | 2430,000 Shares / Rs 28.43 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 122400 Shares |
| Net offer to Public | 2307600 Shares/ Rs.27.00 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.111-117 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1153800 | 13.50 |
| NII (15%) | 346140 | 4.05 |
| RII (35%) | 807660 | 9.45 |
| Total Shares | 2307600 | 27.00 |
| Retail portion will be oversubscribed by |
673 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.140400 |
| Min HNI Application | 2400 Shares | Rs.280800 |
Who are the Promoters of Paramount Dye?
The promoters of the Company being Mr. Kunal Arora and Ms. Palki Arora.
What are the Objects of Paramount Dye IPO?
The Offer comprises of fresh issue of shares.
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- 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
Tentative timetable |
|
| IPO opens on | 30 September 2024 |
| IPO Closes on | 3 October 2024 |
| IPO Allotment on | 4 October 2024 |
| Refund Initiation | 7 October 2024 |
| Credit of Shares | 7 October 2024 |
| Listing on | 8 October 2024 |
| Registered Office of the Company Paramount Dye Tec Limited Village Mangarh Machiwara Road Kohara, Ludhiana – 141112 |
| Who is the Lead Manager of this IPO? Gretex Corporate Services Limited |
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Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
Paramount Dye IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Paramount Dye IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | ||||
| 2022-23 | ||||
| 2023-24 | 23.67 | 3.54 | 7.85 | 11.68 |
| Book Value of the Share on 31.03.2024 |
Rs | – | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 117 | ||
IPO
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| Price/EPS of 23-24 | 11.91 |
| Price/BV Ratio | |
| Price/BV after IPO | |
How Paramount Dye IPO compares with the Peers?
There are no listed company having this line of business
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
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Paramount Dye IPO Review
Founded in January 2014, Paramount Dye Tec Limited specializes in producing high-quality yarns by recycling waste synthetic fiber, serving the B2B segment of the textile industry..
Size: Net size of the IPO is Rs.26.99 crore, comprising of 2307600 shares. IPO size is not very large considering the recent trends. However due to large number of IPOs opening now, huge oversubscription may not be possible
Financial Snapshot: The company has good profitability. However it is difficult to ascertain whether the company can collect adequate quantities of waste synthetic fibre for its production-line
+ from fundamental angle: Not so attractive
+ from grey market angle: ?
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