Paramount Dye Tec Ltd. was incorporated on January 4, 2024. The company specializes in manufacturing yarns by recycling waste synthetic fiber for the B2B textile industry. It offers a variety of products, including acrylic, polyester, nylon, wool, and hand-knitting yarns, focusing on quality and sustainability.
| Bidding Dates |
|---|
| 30 Sep 2024 - 03 Oct 2024 |
| Subscription |
|---|
| 46.63x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,33,200 | 1 | 1 | 1200 | 2.4 M | ₹111 - ₹117 | 64.98 % | ₹269.7 M - ₹284.3 M | RHP DOC |
Paramount Dye Tec Ltd. IPO SUBSCRIPTION STATUS
03 Oct '24Paramount Dye Tec Ltd. IPO overall subscription rate was 46.63 times the total available shares
Paramount Dye Tec Ltd. IPO retail subscription rate was 48.19 times in the retail segment
Paramount Dye Tec Ltd. IPO non-institutional investor subscription rate was 180.39 times in the non-institutional investor category
Paramount Dye Tec Ltd. IPO Qualified Institutional Bidder subscription rate was 5.42 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Oct 2024 (Day 3) | 48.19x | 180.39x | 5.42x |
01 Oct 2024 (Day 2) | 3.63x | 1.04x | - |
30 Sep 2024 (Day 1) | 0.96x | 0.18x | - |
Paramount Dye Tec Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q4FY24 | 35.4 | 235.1 | 51.1 | 46.1 | 21.9% |
| 9MFY24 | 27.9 | 295.5 | -39.3 | -40.4 | 17.6% |
| FY23 | 31.6 | 460.0 | 2.1 | -1.7 | 13.3% |
| FY22 | 1.6 | 236.3 | -20.2 | -38.4 | 4.9% |
| FY21 | 1.6 | 169.1 | -5.2 | -28.8 | 3.7% |
Paramount Dye Tec Ltd. IPO SUBSCRIPTION STATUS DETAILS
Paramount Dye Tec Ltd. had 2.4 M shares on offer
Paramount Dye Tec Ltd. IPO offer price was in the range ₹111 - ₹117
Paramount Dye Tec Ltd. IPO minimum Investment was ₹133200
Paramount Dye Tec Ltd. IPO issue size was ₹ 269.7 M - ₹ 284.3 M
Paramount Dye Tec Ltd. had a minimum lot size of 1200 Shares per application
Paramount Dye Tec Ltd. NUMBER OF SHARES ON OFFER
Paramount Dye Tec Ltd. IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2024 |
| Issue close Date | 03 Oct 2024 |
| Allotment Date | 04 Oct 2024 |
| Refund Date | 07 Oct 2024 |
| Demat Account Credit Date | 07 Oct 2024 |
| Listing Date | 08 Oct 2024 |
| Listing on Exchange(s) | NSE |
| Paramount Dye Tec Ltd. Allotment Status | Exchange |
Paramount Dye Tec Ltd. IPO subscription opened on 30 Sep 2024, and closed on 03 Oct 2024
IPO allotment for Paramount Dye Tec Ltd. was finalized on Friday, 04 Oct 2024
IPO listing for Paramount Dye Tec Ltd. was on NSE on Tuesday, 08 Oct 2024
Paramount Dye Tec Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 117.0 |
| Listing Open Price | 109.9 |
| Listing Close Price | 107.0 |
| Listing Gain% | -6.1% |
| Current Gain% | -68.3% |
Paramount Dye Tec Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paramount Dye Tec Ltd. | 37.2 | 25.8 | 12 | -0.2 | 0.3 | 3.2 | 2.3 | 74.9 | -3.8 | 2.1 | -73.2 | 3.1 | -73.2 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Paramount Dye Tec Ltd. INFORMATION ON IPO ISSUE
About Paramount Dye Tec Ltd.
Paramount Dye Tec Ltd. was incorporated on January 4, 2024. The company specializes in manufacturing yarns by recycling waste synthetic fiber for the B2B textile industry. It offers a variety of products, including acrylic, polyester, nylon, wool, and hand-knitting yarns, focusing on quality and sustainability.
Object of the Issue
- Setting up of manufacturing unit
- Repayment/prepayment of certain debt facilities availed by the company
- Expenses towards registration of land purchased from the promoter
- General corporate purposes
Paramount Dye Tec Ltd. - PROMOTERS
| Name |
|---|
| Kunal Arora |
| Palki Arora |
Paramount Dye Tec Ltd. Lead Manager of the Issue
Gretex Corporate Services Limited
info@gretexgroup.com
Paramount Dye Tec Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Paramount Dye Tec Ltd. Strengths
Use of recycled synthetic waste
The company utilizes recycled synthetic waste from local and international suppliers, promoting environmental responsibility and economic benefits. Through ongoing R&D, it has developed a technology to convert various types of waste into high-quality yarn and fiber, meeting the demand for sustainable, affordable circular clothing
Enhanced spinning capacity
Increasing the spinning capacity to convert fiber into yarn is a strategic move that boosts profitability with minimal costs. By maximizing in-house fiber production, the company enhances product quality, optimizes costs, and offers competitively priced, high-quality yarn while improving profit margins
Quality assurance
The company is ISO 9001:2015 and Good Manufacturing Process (GMP) certified and implements quality checks throughout production. This commitment ensures high standards, consistently delivering quality products and reducing defects for customers
Paramount Dye Tec Ltd. Risks
Heavily regulated sector
The company faces environmental, health, and safety regulations that may increase operational costs and liability risks. These factors could adversely affect results and lead to enhanced compliance obligations
Dependent on a single business segment
The majority of the company’s revenue, 70.2% as of FY24, comes from manufacturing fiber and yarn. This reliance on a single business segment exposes it to risks such as fluctuating demand, increased competition, advancements in technology, raw material price changes, regulatory shifts, and the cyclical nature of customer businesses
Dependent on manufacturing facility
The business relies heavily on its manufacturing facility, and any loss or shutdown could negatively impact operations and results. Additionally, reliance on manpower means that employee unavailability or strikes could adversely affect cash flows and overall performance
IPO FAQs
The promoters of the company are Kunal Arora and Palki Arora.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 111.0 - 117.0.
The IPO application opens on Sep 30, 2024 and closes on Oct 03, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 133,200.0, the maximum value for this IPO is Rs 140,400.0.
This IPO will be allotted on Oct 04, 2024.
The refund will be credited to your account on Oct 07, 2024.
The allotted shares will be credited to your demat on Oct 07, 2024.
Paramount Dye Tec Ltd.’s shares listed on the stock exchanges on Oct 08, 2024.