IPO Details
Bidding Dates
30 Sept 24 - 03 Oct 24
Price Range ₹
111 - 117
Total Equity
₹ 28.43Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
30 Sept 2024
Offer end
03 Oct 2024
Allotment
04 Oct 2024
Refund initiation
07 Oct 2024
Demat transfer
07 Oct 2024
Listing
08 Oct 2024
Offer start
30 Sept 2024
Offer end
03 Oct 2024
Allotment
04 Oct 2024
Refund initiation
07 Oct 2024
Demat transfer
07 Oct 2024
Listing
08 Oct 2024
About Company
Founded in January 2014, Paramount Dye Tec Limited specializes in producing yarns by recycling waste synthetic fiber, serving the B2B textile industry. The company’s product range includes synthetic fibers and yarns such as acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, recognized for their quality, durability, and long-lasting performance. Paramount Dye Tec operates two manufacturing facilities located in Village Mangarh and Village Koom Khurd, Punjab. The company is certified with ISO 9001:2015 and adheres to Good Manufacturing Practices (GMP), ensuring a strong Quality Management System. Paramount Dye Tec deals in acrylic cloth and various products like blended yarn, nylon, polyester, and acrylic yarns. Competitive Strengths: - Utilizes recycled synthetic waste as raw material. - Gains cost advantages over competitors by converting waste into usable fiber and yarn. - Provides custom yarn solutions tailored to specific customer needs. - Expanding spinning capacity to convert fiber into yarn, which minimally increases costs while significantly enhancing profitability. - ISO 9001:2015 and GMP-certified company. - Offers an integrated solution by producing both fiber and yarn, simplifying the supply chain for clients.
Year Founded
04-01-2024
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.97 | 64.97 |
| Share Capital | 4511445 | 4511445 |
Offer to Public
24,30,000.00 Cr
Project Details
- Expenses towards Registry of Land purchased from Promoter - 11.442cr
- Repayment/Prepayment of Certain Debt Facilities availed by our Company - 45.135cr
- Setting up of Manufacturing Unit - 240.242cr
Objectives
- a) Setting up of Manufacturing Unitb) Repayment/Prepayment of Certain Debt Facilities availed by our Companyc) Expenses towards Registration of Land purchased from Promoterd) General Corporate Purposes
Highlights
- Ensures high-quality management systems and manufacturing practices.
- Offers a variety of yarn blends, catering to different textile needs.
- Enhanced production processes allow for a broader product line and increased efficiency.
- Sources recycled synthetic waste from local and global suppliers, contributing to environmental sustainability.
- Demonstrates strong financial performance with steady increases in profit after tax over the past few years.
Challenges
- Over 70% of revenue comes from a single segment, making the company vulnerable to declines in this area.
- Revenue is solely generated from Punjab, making the company susceptible to regional risks and limitations in geographic expansion.
- A significant portion of revenue comes from the top 10 customers, and losing any of them could negatively impact financial stability.
- The company is involved in various legal cases, and adverse rulings could harm its business operations and reputation.
- Outstanding loans amounting to Rs 14.36 crore could strain the company’s financial health if repayment or servicing becomes an issue.
