Paramount Dye Tec Limited, based in Ludhiana, India, has established itself as a distinguished manufacturer of recycled synthetic yarn, Acrylic Fiber yarns, Hand knitting yarn, and Fancy yarn. With unparalleled technology, the company focuses on producing high-quality, sustainable yarns. Since its inception, Paramount Dye Tec has specialized in creating 100% recycled synthetic fiber and the yarns derived from it, showcasing its commitment to sustainability and innovation.

The upcoming Paramount Dye Tec IPO, amounting to ₹28.43 crores, is a Book Built Issue consisting entirely of a Fresh Issue of 24.30 lakh shares. The subscription period for the Paramount Dye Tec IPO opens on September 30, 2024, and closes on October 03, 2024. The allotment is expected to be finalized on or about Friday, October 04, 2024, and the shares will be listed on the NSE SME with a tentative listing date set for Tuesday, October 08, 2024.

The share price band for the Paramount Dye Tec IPO is set between ₹111 to ₹117 per equity share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹1,40,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,400 shares), amounting to ₹2,80,800. This pricing structure indicates a significant opportunity for investors looking to enter the market with a relatively low initial investment.

GRETEX CORPORATE SERVICES LIMITED serves as the book-running lead manager, and BIGSHARE SERVICES PRIVATE LIMITED is the registrar for this issue. Gretex Share Broking Limited acts as the sole market maker for the Paramount Dye Tec IPO, ensuring adequate liquidity and market support for investors.

Paramount Dye Tec Limited IPO GMP Today

As of today, the Grey Market Premium (GMP) of Paramount Dye Tec Limited IPO is expected to be ₹0 based on the company's financial performance. It's important to note that no real trading is conducted based on the Grey Market Premium, which means that actual price discovery cannot occur before the shares are listed on the stock exchange. The GMP is influenced entirely by the demand and supply dynamics of the shares in an unorganized manner, making it a less reliable indicator for potential investors. The mention of the Grey Market Premium is provided solely for educational and informational purposes.

Paramount Dye Tec Limited IPO Live Subscription Status Today

As of 06:15 PM on September 30, 2024, the live subscription status for the Paramount Dye Tec Limited IPO indicates that it has been subscribed 0.36 times on its first day of the subscription period. Investors can monitor the live subscription status to gauge market interest and participation, which can be indicative of the IPO's success.

Paramount Dye Tec Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online

The allotment date for the Paramount Dye Tec IPO is set for October 04, 2024 (Friday). The allotment status will be available on the registrar's website from the allotment date. To check the allotment status, investors can follow these simple steps:

Navigate to the IPO allotment status page.

Select Paramount Dye Tec Limited IPO from the dropdown list of IPOs.

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

Submit the details to check your allotment status.

By following these steps, investors can easily determine their allotment status and make informed decisions about their investments.

Objectives of Paramount Dye Tec Limited IPO

The proceeds from the Fresh Issue of the Paramount Dye Tec IPO will be utilized for several key objectives:

₹2,402.42 lakhs will be allocated for setting up a Manufacturing Unit to enhance production capacity and efficiency.

₹451.35 lakhs will be used for the repayment/prepayment of certain debt facilities availed by the company, thereby improving its financial health.

₹114.42 lakhs will cover expenses related to the registration of land purchased from promoters, ensuring compliance and operational readiness.

Remaining funds will be directed towards General Corporate Purposes, supporting the company's overall strategic initiatives.

Paramount Dye Tec IPO Review

Paramount Dye Tec Limited is led by Mr. Kunal Arora and Ms. Palki Arora, the promoters who play a pivotal role in steering the company towards sustainable success through comprehensive leadership and management. Their vision drives all strategic decisions, ensuring that Paramount Dye Tec remains competitive and innovative in the synthetic yarn industry.

Financially, the company has shown steady growth with revenue for Fiscal 2024 reported at ₹2,367.90 lakhs. The EBITDA for the same period stands at ₹514.43 lakhs, and the profit after tax is ₹354.09 lakhs, reflecting a robust 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. Furthermore, the company's Return on Capital Employed (ROCE) for FY24 is 16.53%, and the Return on Equity (ROE) is 11.68%. These metrics suggest that the IPO is fairly priced, providing a sound opportunity for potential investors.

However, the Grey Market Premium (GMP) currently indicates potential listing gains of 0%. Given the company's financial performance and the valuation of the IPO, it is advisable for investors to avoid the Paramount Dye Tec Limited IPO for listing gains or long-term investment purposes.

In conclusion, while Paramount Dye Tec Limited presents itself as a promising player in the synthetic yarn market, potential investors should exercise caution and consider their investment strategies carefully.

For more insights, check out the latest information on Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay updated with Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening a Free Demat Account in Choice Broking FinX.