The Paramount Dye Tec IPO is a book-built issue worth ₹28.43 crores, consisting entirely of a fresh issue of 24.3 lakh shares.
The IPO opened for subscription on September 30, 2024, and will close on October 3, 2024. The allotment is expected to be finalized on October 4, 2024, with shares tentatively set to list on the NSE SME on October 8, 2024.
The price band for the IPO is ₹111 to ₹117 per share. The minimum application size is 1,200 shares, requiring a retail investment of ₹140,400. For high-net-worth individuals (HNIs), the minimum investment is 2 lots (2,400 shares), totaling ₹280,800.
Gretex Corporate Services Limited is the lead manager, Bigshare Services Pvt Ltd is the registrar, and Gretex Share Broking is the market maker for this IPO.
Below are the details of Paramount Dye Tec Limited IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Paramount Dye Tec Limited IPO Details
| 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 | 1200 Shares |
| Total Issue Size | 2,430,000 shares (aggregating up to ₹28.43 Cr) |
| Fresh Issue | 2,430,000 shares (aggregating up to ₹28.43 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,512,651 |
| Share holding post issue | 6,942,651 |
| Market Maker portion | 122,400 shares |
Paramount Dye Tec Limited 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 |
Paramount Dye Tec Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹140,400 |
| Retail (Max) | 1 | 1200 | ₹140,400 |
| HNI (Min) | 2 | 2,400 | ₹280,800 |
Paramount Dye Tec Limited IPO Anchor Investors Details
| Bid Date | September 27, 2024 |
| Shares Offered | 691,200 |
| Anchor Portion Size (In Cr.) | 8.09 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 2, 2025 |
Paramount Dye Tec Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 6,91,200 (28.44%) |
| Market Maker Shares Offered | 1,22,400 (5.04%) |
| QIB Shares Offered | 4,60,800 (18.96%) |
| NII (HNI) Shares Offered | 3,46,800 (14.27%) |
| Retail Shares Offered | 8,08,800 (33.28%) |
| Total Shares Offered | 24,30,000 (100%) |
Paramount Dye Tec Limited IPO Financial Information
| Period Ended | 31 Mar 2024 | 31 Jan 2024 | ||||||||||||||||||
| Assets | 5,549.65 | 3,490.07 | ||||||||||||||||||
| Revenue | 2,367.9 | 2,955.91 | ||||||||||||||||||
| Profit After Tax | 354.09 | 278.65 | ||||||||||||||||||
| Net Worth | 3,032.06 | 1 | ||||||||||||||||||
| Reserves and Surplus | 3,029.81 | |||||||||||||||||||
| Total Borrowing | 1,627.37 | 2,247.76 | ||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||
Paramount Dye Tec Limited IPO Review
Paramount Dye Tec Ltd. (PDTL), based in Ludhiana, Punjab, specializes in manufacturing yarns from recycled synthetic waste for the B2B textile sector. The company offers various types of yarn, including acrylic, polyester, nylon, and wool yarns, with a focus on sustainability and innovation.
PDTL is launching its maiden IPO of 24.3 lakh equity shares, aiming to raise ₹28.43 crores. The IPO price band is ₹111-117, and it opened on September 30, 2024, closing on October 3, 2024. The proceeds will fund a new manufacturing unit, debt repayment, land registry, and corporate purposes.
The company’s financials show growth, with FY23 revenue of ₹46 crores and a net profit of ₹3.16 crores. However, the IPO is based on just three months of post-public entity data. The asking P/E ratio based on FY24 earnings is 12.84, indicating that the issue is fully priced.
PDTL has not declared dividends and offers no peer comparison due to limited data. Despite this, the company shows promising growth prospects in recycled yarn, making it attractive for long-term investors.