Issue Price
₹ 111-₹ 117
per equity share
Issue Size
17.39 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1200
equity share
Please note
Listing at NSE
Paramount Dye Tec Limited
Important Dates
IPO Open Date
30 Sep 2024
IPO Close Date
03 Oct 2024
Allotment Date
04 Oct 2024
Initiation of Refunds
07 Oct 2024
Credit of Shares to Demat Account
07 Oct 2024
IPO Listing Date
08 Oct 2024
UPI Mandate Expiry Date
03 Oct 2024
IPO Details
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.
Seize the deal, apply for IPO today!
Apply for IPOAbout 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.
Parent Organisation
-
Founded
2014
Managing Director
Kunal Arora
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
Keep these documents ready
PAN Card | Aadhaar Card | Bank Account Number
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