Paramount Dye Tec Limited, headquartered in Ludhiana, India, is a distinguished manufacturer specializing in recycled synthetic yarn, acrylic fiber yarns, hand knitting yarn, and fancy yarn. The company employs cutting-edge technology to produce high-quality, sustainable products and is managed by a team of seasoned professionals. Since its inception, Paramount Dye Tec has focused on creating 100% recycled synthetic fiber and the yarns derived from it, positioning itself as a key player in the textile industry.

The company is set to launch its Book Built Issue amounting to ₹28.43 Crores, 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 will close on October 03, 2024. The allotment is expected to be finalized on or around Friday, October 04, 2024, with shares anticipated to list on the NSE SME by Tuesday, October 08, 2024.

The share price band for the Paramount Dye Tec IPO is set at ₹111 to ₹117 per equity share, with a minimum lot size of 1,200 shares. Retail investors will need to invest a minimum of ₹1,40,400, while high-net-worth individuals (HNIs) must invest in 2 lots (1,400 shares), totaling ₹2,80,800.

GRETEX CORPORATE SERVICES LIMITED is acting as the book-running lead manager, while BIGSHARE SERVICES PRIVATE LIMITED serves as the registrar for the issue. Gretex Share Broking Limited will act as the sole market maker for the IPO.

Paramount Dye Tec Limited IPO GMP Today The Grey Market Premium for Paramount Dye Tec Limited is expected to hover around ₹0, based on the company's financial performance. It's important to note that no real trading occurs based on the Grey Market Premium, meaning that no actual price discovery can take place prior to the shares' listing on the stock exchange. The Grey Market Premium fluctuates based on supply and demand dynamics and is shared here solely for educational purposes.

Paramount Dye Tec Limited IPO Live Subscription Status Today The subscription window opens on September 30, 2024.

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). Investors can check their allotment status online via the registrar’s website by following these 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.

This process allows investors to quickly determine their allotment status and proceed with their investments accordingly.

Objectives of Paramount Dye Tec Limited IPO The proceeds from the fresh issue will be utilized towards the following objectives: a) ₹2,402.42 Lakhs for setting up a new manufacturing unit
b) ₹451.35 Lakhs for repayment/prepayment of certain debt facilities
c) ₹114.42 Lakhs for expenses associated with land registration purchased from promoters
d) General corporate purposes

About Paramount Dye Tec Limited Founded in Ludhiana, Punjab, Paramount Dye Tec Limited is dedicated to manufacturing yarns from recycled waste synthetic fibers, catering to the B2B segment of the textile industry. Their product range includes acrylic, polyester, nylon, wool, hand-knitting yarn, and blends of cotton and polyester. By using synthetic waste fibers as their primary raw material, the company not only promotes industry sustainability but also enhances economic efficiency. With continuous research and development, Paramount Dye Tec has advanced its technology to recycle pre-consumer waste into premium yarn and fiber.

The company has carved a niche in the winter apparel market by producing high-quality yarns designed for caps, gloves, mufflers, and thermal innerwear, while also creating products suitable for summer. They aim to expand their product portfolio to include yarns that blend acrylic, cotton, and polyester, suitable for heavy GSM t-shirts, shorts, polos, and lowers.

Spinning Market Size & Share Analysis - Growth Trends & Forecasts (2024-2029) The Global Spinning Machinery Market is projected to grow at a CAGR of 4.6% from 2022 to 2027. The COVID-19 pandemic forced governments to impose lockdowns, affecting the manufacture of spinning machinery. Today, spinning machinery plays a critical role in producing yarn from natural, synthetic, or blended fibers, a process that began during the Industrial Revolution.

China, India, the U.S., Pakistan, Indonesia, Brazil, Turkey, South Korea, Italy, Egypt, and Japan are major production centers for cotton yarn. The fashion industry's contribution to the GDP and rising demand for technical textiles are key drivers for the spinning machinery market.

Textiles Industry in India India’s textiles sector is among the oldest industries in its economy, characterized by its diversity ranging from hand-spun textiles to sophisticated mill sectors. The government has introduced various schemes to attract private equity and employment, aiming for the textiles and apparel market to grow at 10% CAGR, reaching $350 billion by 2030.

With India being the world’s largest cotton producer and a significant player in the global textiles market, the future appears bright. The Indian government is also focused on improving the textile manufacturing landscape through initiatives such as SAMARTH Udyog Bharat 4.0.

Paramount Dye Tec Limited Competitive Strengths

Utilization of recycled synthetic waste as raw materials

Margin benefits

Custom solutions

Value addition through enhanced spinning capacity

Cost-effective products

Tailored solutions

Quality assurance

Simplified supply chain

Paramount Dye Tec Limited Strategies

Exploring new markets with cotton cloth cutting

Offering dyeing options in any shade

Ensuring a consistent ratio of cotton and polyester

Utilizing waste from cotton spinning plants effectively

Pricing products competitively compared to virgin yarns

Increasing manufacturing capacity

Paramount Dye Tec Limited Risk Factors & Concerns

Heavy reliance on a single business segment: fiber and yarn manufacturing.

Geographic concentration, which may impact business stability.

Exposure to government regulations in the chemicals sector.

Dependence on a limited number of customers, with top 10 customers contributing 78.18% of revenue as of March 31, 2024.

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