Paramount Dye Tec Limited, headquartered in Ludhiana, India, is a leading manufacturer specializing in recycled synthetic yarns, acrylic fiber yarns, hand knitting yarn, and fancy yarn. The company has established itself with advanced technology capable of producing high-quality sustainable yarns, managed by a team of seasoned professionals. Since its inception, Paramount Dye Tec has focused on producing 100% recycled synthetic fiber, aligning with global sustainability trends.

Paramount Dye Tec IPO Overview

The Paramount Dye Tec IPO is a Book Built Issue amounting to ₹28.43 crores, consisting entirely of a Fresh Issue of 24.30 lakh shares. The subscription period runs from September 30, 2024, to October 3, 2024, with the allotment expected to be finalized on October 4, 2024. The shares will list on the NSE SME platform, with a tentative listing date set for October 8, 2024.

The price band for the Paramount Dye Tec IPO is set between ₹111 and ₹117 per equity share, with a minimum lot size of 1,200 shares. Thus, retail investors will need to invest a minimum of ₹1,40,400, while High-Net-Worth Individuals (HNIs) must invest a minimum of ₹2,80,800 for 2 lots (1,400 shares).

The book-running lead manager for the issue is GRETEX CORPORATE SERVICES LIMITED, and the registrar is BIGSHARE SERVICES PRIVATE LIMITED. Gretex Share Broking Limited serves as the sole market maker for Paramount Dye Tec.

Grey Market Premium and Subscription Status

As of October 3, 2024, at 05:00 PM, the Grey Market Premium (GMP) for Paramount Dye Tec IPO is reported at ₹0. This reflects the absence of significant trading activity based on GMP, which is primarily influenced by market demand and supply.

The live subscription status indicates that the IPO was subscribed 46.63 times on its third day of the subscription period, indicating strong demand.

Allotment Status and How to Check

The allotment date for the Paramount Dye Tec IPO is scheduled for October 4, 2024. To check the allotment status:

Visit the IPO allotment status page.

Select Paramount Dye Tec Limited IPO from the dropdown menu.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

This streamlined process allows investors to quickly confirm their allotment status and make informed decisions.

Objectives of Paramount Dye Tec IPO

The proceeds from the Fresh Issue will be utilized for:

Setting Up a Manufacturing Unit: ₹2,402.42 Lakhs

Repayment/Prepayment of Certain Debt Facilities: ₹451.35 Lakhs

Expenses for Registration of Land Purchased from Promoter: ₹114.42 Lakhs

General Corporate Purposes

Subam Papers is engaged in the manufacturing of Kraft Paper and Paper Products, positioning itself as a comprehensive packaging solutions provider. Established in 2004, the company initially produced paper cones before expanding its offerings to include duplex board and Kraft paper.

Subam Papers IPO Overview

The Subam Papers IPO is a Book Built Issue totaling ₹93.70 crores, consisting entirely of a Fresh Issue of 61.64 lakh shares. Similar to Paramount Dye Tec, the subscription period runs from September 30, 2024, to October 3, 2024, with the allotment expected to be finalized on October 4, 2024. Shares are anticipated to list on the BSE SME platform, with a tentative listing date set for October 8, 2024.

The price band for the Subam Papers IPO is set between ₹144 and ₹152 per equity share, with a minimum lot size of 800 shares. Retail investors will need to invest a minimum of ₹1,21,600, while HNIs must invest at least ₹2,43,200 for 2 lots (1,600 shares).

The book-running lead manager for Subam Papers is also GRETEX CORPORATE SERVICES LIMITED, with BIGSHARE SERVICES PRIVATE LIMITED as the registrar. Gretex Share Broking Limited serves as the sole market maker for Subam Papers.

Grey Market Premium and Subscription Status

As of October 3, 2024, at 05:00 PM, the Grey Market Premium (GMP) for Subam Papers IPO is similarly reported at ₹0, reflecting limited trading activity.

The live subscription status shows that the IPO was subscribed 86.49 times on its third day, indicating robust interest among investors.

Allotment Status and How to Check

The allotment date for Subam Papers is also set for October 4, 2024. To check the allotment status:

Navigate to the IPO allotment status page.

Select Subam Papers Limited IPO from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to check your allotment status.

This straightforward process helps investors quickly verify their allotment status.

Objectives of Subam Papers IPO

The proceeds from the Fresh Issue will be allocated for:

Investment in Subsidiary for Financing Capital Expenditure Requirements: ₹7,500.00 Lakhs

General Corporate Purposes

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