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Open
30 Sep to 3 Oct, 2024
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Close
30 Sep to 3 Oct, 2024
3
Allotment
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Listing
Tue, Oct 8, 2024
Price Band
₹111 to ₹117
Issue Size
24,30,000 shares (agg. up to ₹28 Cr)
Lot Size
1,200 Shares
Listing Date
Tue, Oct 8, 2024
Latest GMP
₹5
Est. Gain
4.27%
✦ AI Insight
GMP Trend
08-10-2024₹5Est. ₹122+4.27%
07-10-2024₹5Est. ₹122+4.27%
06-10-2024₹5Est. ₹122+4.27%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 35.32x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Jan 2024 |
|---|---|---|
| Assets | 55.50 | 34.90 |
| Total Income | 23.68 | 29.56 |
| Profit After Tax | 3.54 | 2.79 |
| NET Worth | 30.32 | 0.01 |
| Reserves and Surplus | 30.30 | |
| Total Borrowing | 16.27 | 22.48 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Divyadhan Recycling Industries Ltd. | SME | ₹24.17 Cr | ₹64 | 28.34 | ₹88.20 | +37.81% | ₹53.75 (+0.00%) |
| Avi Ansh Textile Ltd. | SME | ₹25.99 Cr | ₹62 | 18.31 | ₹71.15 | +14.76% | ₹102.00 (-0.10%) |
| Gajanand International Ltd. | SME | ₹20.65 Cr | ₹36 | 21.08 | ₹39.90 | +10.83% | ₹8.65 (+6.79%) |
| United Cotfab Ltd. | SME | ₹36.29 Cr | ₹70 | 9.7 | ₹78.75 | +12.50% | ₹16.40 (+5.87%) |
| Piotex Industries Ltd. | SME | ₹14.47 Cr | ₹94 | 11.14 | ₹114.30 | +21.60% | ₹31.90 (-3.33%) |
| Shree Karni Fabcom Ltd. | SME | ₹42.49 Cr | ₹227 | 21.26 | ₹273.00 | +20.26% | ₹402.55 (-1.21%) |
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Shanti Spintex Ltd. | SME | ₹31.25 Cr | ₹70 | 9.82 | ₹79.80 | +14.00% | ₹38.35 (-4.12%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Manufacturing Unit | 16.00 |
| 2 | Repayment/Prepayment of Certain Debt Facilities availed by the Company | 4.50 |
| 3 | Expenses towards Registration of Land purchased from Promoter | 1.00 |
| 4 | General Corporate Purpose | 4.12 |
About Paramount Dye Tec IPO
Founded in January 2014, Paramount Dye Tec Limited produces yarns by recycling waste synthetic fiber, catering to the B2B segment of the textile industry. The company offers a range of products, including synthetic fiber and yarns such as acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns, known for their quality, durability, and lasting excellence. The company has two manufacturing facilities situated in Village Mangarh and Village Koom Khurd, Punjab. The company is ISO 9001:2015 and is a Good Manufacturing Practice (GMP) certified organization for a robust Quality Management System. The company deals in acrylic cloth as well as other products such as blended yarn, nylon, polyester yarns, and acrylic yarn. Competitive Strength Utilization of recycled synthetic waste as raw material. Cost benefits as compared to its competitors by converting waste into usable fiber and yarn. Custom yarn solutions for customers as per their specific requirements. Expanding spinning capacity to convert fiber into yarn is a strategic move that minimally increases expenses while significantly boosting profitability. ISO 9001:2015 and Good Manufacturing Process (GMP) certified compa
Contact Details
Paramount Dye Tec Ltd. AddressVillage MangarhMachiwara RoadKoharaLudhiana, Punjab, 141112+91 9056855519info@paramountdyetec.comVisit Website