Paramount Dye Tec Ltd launched its IPO on September 30, 2024.
The Paramount Dye Tec IPO is a book-built issue aimed at raising ₹28.43 crores through a fresh issue of 24.3 lakh shares. With its IPO segment, the company plans to raise ₹28.43 crores by offering 24.3 lakh shares at a price between ₹111 and ₹117 per share. Retail investors can participate with a minimum lot size of 1200 shares. The IPO allotment is expected on October 4, with a listing on the NSE SME scheduled for October 8.
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Paramount Dye Tec NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | September 30, 2024 |
| IPO Closing Date | October 3, 2024 |
| Tentative IPO Listing Date | October 8, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹111 to ₹117 per share |
| Lot Size | 1200 shares |
| Total Issue Size | 24.3 lakh shares (₹28.43 Cr) |
| Fresh Issue | 24.3 lakh shares (₹28.43 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 4,512,651 shares |
Paramount Dye Tec Limited| Company Overview
Paramount Dye Tec Limited was founded in 2014. It specializes in producing yarns by recycling waste synthetic fiber, targeting the B2B segment of the textile industry. The company operates two manufacturing facilities in Punjab.
It offers a range of products including acrylic, polyester, nylon, wool, and blended yarns.
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Paramount Dye Tec Limited IPO| Key Details
- Paramount Dye Tec IPO Opening Date: September 30, 2024
- Paramount Dye Tec IPO Closing Date: October 3, 2024
- Allotment Date: October 4, 2024
- Price Band: ₹111 to ₹117 per share
- Lot Size: 1200 shares
- Refunds Initiated: October 7, 2024
- Shares Credited to Demat: October 7, 2024
- Listing Date: October 8, 2024
- Paramount Dye Tec IPO Subscription Status: 0.16 times on September 30, 2024 12:01:04 PM (Day 1).
Paramount Dye Tec Ltd: Financial Overview
Paramount Dye Tec Limited has seen growth in its financial performance, with total assets increasing to ₹5,549.65 lakhs as of March 2024, and profit after tax (PAT) growing to ₹354.09 lakhs. The company also reported a revenue of ₹2,367.9 lakhs in FY24.
| Financial Information( Amount in ₹ Lakhs) | 31 Mar 2024 | 31 Jan 2024 | Change |
| Assets | 5,549.65 | 3,490.07 | +2,059.58 |
| Revenue | 2,367.90 | 2,955.91 | -588.01 |
| Profit After Tax | 354.09 | 278.65 | +75.44 |
| Net Worth | 3,032.06 | 1 | +3,031.06 |
| Reserves and Surplus | 3,029.81 | – | +3,029.81 |
| Total Borrowing | 1,627.37 | 2,247.76 | -620.39 |
FAQs | Paramount Dye Tec Ltd IPO
Paramount Dye Tec Ltd is a textile company that specialises in producing yarns by recycling waste synthetic fibre.
The tentative IPO listing date of Paramount Dye Tec has been fixed as Tuesday, October 8, 2024.
The bidding date for the Paramount Dye Tec IPO is from September 30, 2024, to October 3, 2024.
The IPO lot size for Paramount Dye Tec is 1200 shares.
The IPO allotment is expected to be finalised on Friday, October 4, 2024.
The IPO face value is set at ₹10 per share.
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