Paramount Dye Tec Limited IPO

Paramount Dye Tec Limited IPO opens on  September 30, 2024, and closes on October 3, 2024. The allotment for the Paramount Dye Tec IPO is expected to be finalized on Friday, October 4, 2024. Paramount Dye Tec IPO will be listed on NSE SME with a tentative date of Tuesday, October 8, 2024.

Paramount Dye Tec IPO price band is set at ₹111 to ₹117 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹140,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹280,800.

Paramount Dye Tec IPO is a book built issue of Rs 28.43 crores. The issue is entirely a fresh issue of 24.3 lakh shares.

Paramount Dye Tec IPO Details

Paramount Dye Tec IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Paramount Dye Tec IPO Objectives

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):

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

About Paramount Dye Tec Limited

Founded in January 2014, Paramount Dye Tec Limited produces yarns from recycled synthetic fibers for the B2B textile market. The company offers a diverse range of products, including acrylic, polyester, nylon, and blended yarns, known for their quality and durability. With manufacturing facilities in Village Mangarh and Village Koom Khurd, Punjab, Paramount is ISO 9001:2015 and Good Manufacturing Practice (GMP) certified, ensuring robust quality management. Key competitive strengths include the use of recycled materials, cost advantages from waste conversion, custom yarn solutions, and a strategic expansion of spinning capacity to enhance profitability. By producing both fiber and yarn, the company streamlines the supply chain for its clients.

Paramount Dye Tec Limited Financial Information

Paramount Dye Tec IPO Reservation

Paramount Dye Tec IPO Timeline

Paramount Dye Tec IPO opens on September 30, 2024, and closes on October 3, 2024.