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Paramount Dye Tec IPO
Paramount Dye Tec Ltd
₹1,33,200 /1200 sharesMinimum Investment
Paramount Dye Tec IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹117.00 | ₹109.90 | -₹7.10 (6.07%) |
Paramount Dye Tec IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Sep ‘24 - 3 Oct ‘24 | ₹1,33,200 | 1,200 | ₹111 - ₹117 |
| Issue Size | IPO Doc |
|---|---|
| 28.43Cr | RHP PDF |
Subscription rate
As of 03 Oct'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 46.14x |
About Paramount Dye Tec
Founded in
2014
Managing director
Mr. Kunal Arora
Parent organisation
Paramount Dye Tec Ltd
Strengths & Financials of Paramount Dye Tec
Strengths
Risks
Paramount Dye Tec is ISO 9001:2015 certified for quality management systems and is also good manufacturing process (GMP) certified.
To diversify its product offerings, the company claims to have upgraded its machinery and production processes. This enhancement will allow for an expanded product range, including yarn blends of acrylic cotton, cotton polyester, polyester viscose, and acrylic, suitable for heavy GSM t-shirts, shorts, polos, and lowers.
The company channels extra raw materials to its trading business. Currently, the company trades primarily in acrylic cloth, along with items such as blended yarn, nylon, and polyester yarns, including acrylic yarn. It also engages in trading in knitted cloth and raw wool.
The company claims to source recycled synthetic waste from both local and international suppliers.
The company has seen a consistent increase in profit after tax (PAT) over the past few years. PAT increased from Rs 0.16 crore in FY22 (partnership firm) to Rs 3.16 crore in FY23 (partnership firm) to Rs 3.54 crore in FY24 (public limited company).
Paramount Dye Tec majorly deals in yarn. Therefore, the revenue from operations is majorly dependent on a single business segment—manufacturing of fibre and yarn. This segment contributed approximately 70.24% in FY24. Any decline in sales within this product category could negatively impact the company's finances.
The company depends on its manufacturing facility for smooth operations. Any disruption at this facility could adversely impact the manufacturing capabilities of the company and hurt its business.
The company's revenue for FY24, FY23, FY22, and FY21 has been generated solely from one state, Punjab. Any adverse development in the business environment of this state or a failure to expand the business can adversely affect the company’s operations and finances.
The top 10 customers of the company contributed Rs 18.38 crore, Rs 34.58 crore, and Rs 18.90 crore in FY24 (public limited), FY23 (partnership firm), and FY22 (partnership firm), respectively, to the revenue from operations. The loss of one or more of these customers, or a decrease in demand from them, can negatively impact the company’s financial standing.
The company, its promoters, and its directors are involved in certain ongoing legal proceedings. Any adverse judgment in any of these cases can be detrimental to the company.
As of June 30, 2024, the company’s outstanding loans (secured and unsecured) amounted to Rs 14.36 crore. Any inability to repay or service these loans can negatively affect the company’s financial standing.
Paramount Dye Tec Financials
*All values are in Rs. Cr
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Application Details of Paramount Dye Tec IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹111 - 117 | ₹2 - 5 Lakh |
| High Networth Individual | ₹111 - 117 | ₹2 - 5 Lakh |
For Paramount Dye Tec IPO, eligible investors can apply as Regular.