Paramount Dye Tec Limited
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Paramount Dye Tec Limited's successfully completed its Initial Public Offering and commenced trading on Oct 08, 2024 at the NSE exchange. The company raised 24,30,000 Shares through this public offering, comprising 24,30,000 Shares in fresh capital.
The IPO was priced within the band of ₹111 to ₹117, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Sep 30, 2024 to Oct 03, 2024.
Share allotment was finalized on Oct 04, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Paramount Dye Tec Limited, founded in January 2014, is a B2B textile company that manufactures high-quality yarns by recycling waste synthetic fibers. The company offers a wide range of durable products such as acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, and also trades in acrylic cloth and blended yarns. With two manufacturing units in Village Mangarh and Village Koom Khurd, Punjab, the company follows strict international quality standards and holds ISO 9001:2015 and GMP certifications to ensure consistent and reliable production.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Eco-Friendly Materials: Uses recycled synthetic waste to support sustainable and environmentally friendly production.
- Affordable & High-Quality: Turns waste into cost-effective, top-quality fiber and yarn, giving it a competitive edge.
- Customized Solutions: Provides yarn tailored to meet the unique needs of customers.
- Strict Regulations: The company operates in a highly regulated industry and must comply with environmental, health, and safety rules. This can lead to higher costs and potential liabilities.
- Limited Business Focus: Since the company mainly deals with fiber and yarn manufacturing, any decline in product sales could significantly impact its revenue.
- Dependence on Operations & Workforce: The company relies heavily on its manufacturing facilities and employees. Any disruptions, like factory shutdowns or labor issues, could affect its production and profitability.
- Mr. Kunal Arora
- Ms. Palki Arora
Paramount Dye Tec Limited
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