# Paramount Dye Tec IPO 2024: Everything You Need to Know URL: https://technosports.co.in/paramount-dye-tec-ipo-2024/ Published: 2024-09-30 Updated: 2024-09-30 Author: Raunak Saha The much-anticipated **[Paramount Dye Tec](https://www.paramountdyetec.com/index.html)IPO** is set to open for subscription from **September 30, 2024**, to **October 3, 2024**. This [IPO](https://technosports.co.in/tag/ipo/) is generating a lot of buzzes, given the company’s focus on sustainability through the recycling of synthetic waste fibres for the textile industry. Here’s a breakdown of all the key details you need to know. ## Paramount Dye Tec IPO 2024: Details, Financials, Timeline and More ![](https://technosports.co.in/wp-content/uploads/2024/09/image-21-527.jpg) ### Paramount Dye Tec: A Sustainable Approach Founded in **2014**, [Paramount Dye Tec Limited](https://www.paramountdyetec.com/index.html) is an innovative player in the textile industry, known for producing high-quality yarn by recycling synthetic waste fibers. The company operates two manufacturing units in **Punjab**, adhering to **ISO 9001:2015** and **GMP standards**. The product line includes a wide range of yarns such as **acrylic, polyester, nylon, wool**, and various blends. Paramount also engages in the trade of acrylic cloth and other yarn products, setting a benchmark for eco-friendly and cost-efficient textile solutions. ### Paramount Dye Tec IPO Details - **IPO Date**: September 30 to October 3, 2024 - **Listing Date**: October 8, 2024 (tentative) - **Price Band**: ₹111 to ₹117 per share - **Lot Size**: 1,200 shares - **Total Issue Size**: 2,430,000 shares (₹28.43 crores) - **Issue Type**: Book Built Issue IPO - **Listing**: NSE SME ### Schedule - **UPI Mandate Deadline**: October 3, 2024 (5 PM) - **Allotment Finalization**: October 4, 2024 - **Refund Initiation**: October 7, 2024 - **Share Credit**: October 7, 2024 - **Listing Date**: October 8, 2024 ![Paramount Dye Tec IPO 2024: Everything You Need to Know](https://technosports.co.in/wp-content/uploads/2024/09/image-21-528-1024x576.jpg) ### Financials: A Look at the Numbers Paramount Dye Tec has shown significant growth in its assets, revenue, and profitability over the past few years. As of **March 31, 2024**, the company reported: - **Total Assets**: ₹5,549.65 Lakhs - **Revenue**: ₹2,367.9 Lakhs - **Profit After Tax**: ₹354.09 Lakhs - **Total Borrowings**: ₹1,627.37 Lakhs This strong financial performance, coupled with a clear focus on sustainability, makes Paramount Dye Tec a compelling investment option. ### Utilization of IPO Proceeds The [IPO](https://technosports.co.in/tag/ipo/) aims to raise ₹28.43 crores, which will be allocated as follows: - **Setting up a new manufacturing unit**: ₹16.00 crores (56.29%) - **Debt reduction**: ₹4.50 crores (15.83%) - **Expenses for land registry**: ₹1.00 crore (3.52%) - **General corporate purposes**: ₹6.93 crores (24.36%) ![Paramount Dye Tec IPO 2024: Everything You Need to Know](https://technosports.co.in/wp-content/uploads/2024/09/image-21-530-1024x576.jpg) ### Strengths 1. **Sustainability**: The company recycles synthetic waste fibers, reducing environmental impact. 2. **Cost Efficiency**: With cost-effective production methods, Paramount offers competitive pricing while maintaining high margins. 3. **Integrated Operations**: The company’s in-house fiber and yarn production streamlines the supply chain, reducing customer lead times. 4. **High Spinning Capacity**: The increased spinning capacity boosts profitability by efficiently using in-house fibers. ### Risks While the company shows great promise, there are some risks to consider: - **Single Business Dependency**: Reliance on one segment increases vulnerability to market fluctuations. - **Supplier Risks**: Dependency on a few suppliers could lead to disruptions in production. - **Raw Material Fluctuations**: Changes in raw material prices could affect profitability. - **Payment Delays**: Any delays in client payments could strain cash flow and impact growth. ### How to Apply for Paramount Dye Tec IPO? Retail investors can participate in the [IPO](https://technosports.co.in/tag/ipo/) by placing a minimum bid for **1 lot** of 1,200 shares, requiring an investment of **₹140,400**. **HNI** investors need to apply for at least **2 lots**, amounting to **₹280,800**. The **IPO allotment** will be managed by **Bigshare Services Pvt Ltd**, with **Gretex Corporate Services** as the lead manager. ### Conclusion Paramount Dye Tec’s IPO offers an opportunity to invest in a company with a strong focus on sustainability, solid financial growth, and a clear plan for future expansion. With a competitive price band and a promising future, this IPO could be a great addition to your investment portfolio. Keep an eye out for the allotment and listing dates to make the most of this opportunity! ## FAQs ### 1. **What are the dates for the Paramount Dye Tec IPO?** **Issue Open Date**: September 30, 2024 **Issue Close Date**: October 3, 2024 **Allotment Finalization**: October 4, 2024 **Refund Initiation**: October 7, 2024 **Share Credit**: October 7, 2024 **Listing Date**: October 8, 2024 (tentative) ### 2. **What is the price band for the Paramount Dye Tec IPO?** The price band is set between **₹111 to ₹117 per share**. ### 3. **How can I apply for the Paramount Dye Tec IPO?** You can apply through your broker or via **UPI** by submitting a bid on **NSE SME**. You will need to have a **Demat** account, and you can use your broker’s platform to place your bid. ### 4. **What is the minimum investment for retail investors?** The minimum investment for retail investors is **₹140,400**, as the minimum lot size is **1,200 shares**. ### 5. **What is the lot size for the Paramount Dye Tec IPO?** The total issue size is **₹28.43 crores** with a fresh issue of **2,430,000 shares**. ### 6. **What is the total issue size of the Paramount Dye Tec IPO?** The total issue size is **₹28.43 crores** with a fresh issue of **2,430,000 shares**. ### 7. **How will the IPO proceeds be used?** The proceeds will be used for:Setting up a new manufacturing unit: **₹16.00 crores** (56.29%) Debt reduction: **₹4.50 crores** (15.83%) Land registry expenses: **₹1.00 crore** (3.52%) General corporate purposes: **₹6.93 crores** (24.36%) ### 8. **Who is the lead manager for the Paramount Dye Tec IPO?** **Gretex Corporate Services Limited** is the book running lead manager. ### 9. **What are the company’s key strengths?** **Sustainability**: Paramount Dye Tec uses recycled synthetic fibers to produce yarn. **Cost Efficiency**: The company offers competitive pricing with high margins. **Integrated Operations**: In-house fiber and yarn production reduce lead times and improve profitability. ### 10. **What are the risks associated with the IPO?** The company’s dependency on a single business segment and a limited number of suppliers are notable risks. Fluctuations in raw material prices and delayed payments from clients could also impact profitability.