Paramount Dye Tec IPO Review

Paramount Dye Tec Limited, based in Ludhiana India, is a distinguished manufacturer of recycled synthetic yarn,Acrylic Fiber yarns, Hand knitting yarn and Fancy yarn with unparalleled technology that can produce high-quality sustainable managed by a team of seasoned professionals. Since its inception, Paramount Dye Tec has specialized in producing 100% recycled synthetic fiber and the yarns derived from it.

Spearheading the company's strategic direction and operational oversight are Mr. Kunal Arora & Ms. Palki Arora, the Promoters who are dedicated to steering the company towards sustainable success through comprehensive leadership and management which is the guiding force behind all the strategic decisions of the Company.

Financially, Revenue in Fiscal 2024 ₹2,367.90 Lakhs. The EBITDA for the Fiscals 2024 ₹514.43 Lakhs. The Profit after Tax for the Fiscals 2024 ₹354.09 Lakhs. This indicates steady growth in financial performance.

For the Paramount Dye Tec IPO, the company is issuing shares at a pre-issue EPS of ₹7.86 and a post-issue EPS of ₹5.10. The pre-issue P/E ratio is 14.88x, while the post-issue P/E ratio is 22.94x. The company's ROCE for FY24 is 16.53% and ROE for FY24 is 11.68%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Paramount Dye Tec showing potential listing gains of 0%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Paramount Dye Tec Limited IPO for Listing gain or long term investment purposes.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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