Paramount Dye Tec Limited

30 Sep 2024 - 03 Oct 2024 Individual Category SME NSE

Min Investment

₹140400

Price Band

₹111-₹117

Issue Size

17.39 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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30 Sep 2024

Open Date

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03 Oct 2024

Close Date

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04 Oct 2024

Allotment Date

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08 Oct 2024

Listing Date

Paramount Dye Tec IPO is open for subscription starting Monday, September 30, 2024, and closing on Thursday, October 3, 2024. This upcoming IPO price is Rs 111 to Rs 117 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,40,400 (117 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,800 (117 x 2400 shares). Paramount Dye Tec IPO is a book-built issue of Rs 28.43 crores. This upcoming IPO is an entirely fresh issue of 24.3 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, October 4, 2024. Paramount Dye Tec IPO will be listed on NSE SME on Tuesday, October 8, 2024. Gretex Corporate Services Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar for this IPO. The market maker for this IPO is Gretex Share Broking.

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About Paramount Dye Tec Limited

Paramount Dye Tec Limited was founded in 2014, engaged in the business of producing yarns by recycling waste synthetic fibre, catering to the B2B segment of the textile industry. Paramount offers a range of products, including synthetic fiber and yarns such as acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, known for their quality, durability, and lasting excellence. The company deals in acrylic cloth as well as other products such as blended yarn, nylon, polyester yarns, and acrylic yarn. Paramount Dye has two manufacturing facilities situated in Village Mangarh and Village Koom Khurd, Punjab. The company is working to expand its spinning capacity to convert fiber into yarn, which is a strategic move that minimally increases expenses while significantly boosting profitability.

Founded

2014

Managing Director

Kunal Arora

Parent Organization

IPO Objectives

The funds raised through this IPO offer will be used for setting up the manufacturing plant of the company. The remaining funds will be used for the repayment of the past loans availed by the company and fulfilling the expenses toward the registration of land purchased by the promoter and meeting the general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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