Paramount Dye Tec Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Paramount Dye

CMP

101.70

-5.35 (-5.00%)

  • DRHP
₹117

Offer Price

₹ 28.43 Cr

Issue Size

₹ 1,40,400

Min Investment

1,200

Lot size

Time Line

  • 30
    Sep 2024
    Open
  • 03
    Oct 2024
    Close
  • 04
    Oct 2024
    Finalisation of Basis of Allotment
  • 07
    Oct 2024
    Initiation of Refunds
  • 07
    Oct 2024
    Transfer of Shares to Demat Account
  • 08
    Oct 2024
    Listing Date

Objects of the Offer

  • 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.

Strengths

  • Use of recycled synthetic waste as raw materials.

  • Margin Benefits.

  • Custom Solutions.

  • Value Addition through Enhanced Spinning Capacity.

  • Cost-effective products.

Risks

  • 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.

  • The Company is dependent on a few suppliers for purchases of product/service. The loss of any of these large suppliers may affect its business operations.

  • Too much Geographical concentration of its Business in one location can impact the company`s Business.

Company Promoters

Promoters Holding

Issue For IPO
35.00%
Pre Holding

99.97%

Post Holding

64.97%

Top Promoters Holding

Financials

All values in Cr

Mar-2024
Revenue 23.51 (-)
Gross Profit 4.91 (-)
Net Income 3.54 (-)
Assets 46.64 (-)
Liabilities 16.32 (-)

Book Running Managers

  • Gretex Corporate Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Village Mangarh,
Machiwara Road Kohara,
Ludhiana - 141112
Phone : +91 90568 55519 Email : info@paramountdyetec.com www.paramountdyetec.com

Offer Related Information

Initial public offer of upto 24,30,000* equity shares of face value of Rs. 10.00 each ("Equity Shares") of Paramount Dye Tec Limited (the "Company" or the "Issuer") for cash at a price of Rs. 117 per equity share including a share premium of Rs. 107 per equity share (the "Issue Price") aggregating to Rs. 28.43 crores ("The Issue"). The issue includes a reservation of upto 1,22,400 equity shares aggregating to Rs. 1.43 crores will be reserved for subscription by market maker to the issue (the... More

Paramount Dye FAQ's

The shares of Paramount Dye were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Paramount Dye IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Paramount Dye public issue was 125 shares.

The price band of the IPO of Paramount Dye was Rs. 114 to Rs. 120 per equity share.

Paramount Dye IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Paramount Dye IPO.

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