Paramount Dye Tec IPO Opens Today: All You Need to Know

Paramount Dye Tec IPO is an SME IPO, which opened for subscription on September 30, 2024 and closes on October 3, 2024. Paramount Dye Tec IPO is a book-built issue of ₹28.43 crores. The issue is entirely a fresh issue of 24.3 lakh shares. Paramount Dye Tec Limited has set the IPO price band at ₹111 to ₹117 per share. The minimum lot size for an application is 1,200 Shares. As a result, retail investors require a minimum investment of ₹1,40,400 for owning 1 lot. 

The company has appointed Gretex Corporate Services Limited as the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Paramount Dye Tec IPO is Gretex Share Broking. Post IPO, Paramount Dye Tec will be listed on NSE SME with a tentative listing date of October 8, 2024.

Objects of Paramount Dye Tec IPO

The company plans to utilise the Net Fresh Issue Proceeds for the following purposes:

• Setting up of Manufacturing Unit
• Repayment/Prepayment of Certain Debt Facilities availed by the Company
• Expenses towards Registration of Land purchased from Promoter
• General Corporate Purposes

About Paramount Dye Tec Ltd

Incorporated in 2014, Paramount Dye Tec Ltd (PDTL) is engaged in the manufacturing of yarns by recycling waste synthetic fibre (recycling synthetic waste), serving the B2B segment of the textile industry. It offers a range of products including synthetic fibre and yarns which include acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. The company operates its business through its two manufacturing facilities situated in Village Mangarh and Village Koom Khurd, Punjab.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.