Paramount Dye Tec’s IPO is a book-built issue valued at Rs 28.43 crores. The entire issue consists of a fresh offering of 24.3 lakh shares.
The subscription for the Paramount Dye Tec IPO opens on September 30, 2024, and closes on October 3, 2024. The allotment of shares is expected to be finalized on Friday, October 4, 2024. The company is scheduled to list on the NSE SME, with a tentative listing date set for Tuesday, October 8, 2024.
Paramount Dye Tec operates in the textile sector. The company specializes in manufacturing yarns by recycling waste synthetic fibers, catering to the B2B segment of the textile industry.
The price band for the Paramount Dye Tec IPO is set between ₹111 and ₹117 per share. Investors must apply for a minimum lot size of 1,200 shares, which requires a minimum investment of ₹140,400 for retail investors. High-net-worth individuals (HNIs) must invest in at least 2 lots (2,400 shares), amounting to ₹280,800.
Gretex Corporate Services Limited is serving as the book-running lead manager for the Paramount Dye Tec IPO, while Bigshare Services Pvt Ltd is the registrar. The market maker for the IPO is Gretex Share Broking.
Paramount Dye Tec IPO Details:
| Company Name | Paramount Dye Tec Limited |
| Sector | Textile |
| IPO Type | SME |
| IPO Open date | 30th Sep 2024 |
| IPO Close date | 03rd Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Paramount Dye Tec IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,40,400 |
| HNI (Min) | 2 | 2400 | 2,80,800 |
Paramount Dye Tec IPO Timeline:
| IPO Open Date | 30th Sep 2024 |
| IPO Close Date | 03rd Oct 2024 |
| Basis of Allotment | 04th Oct 2024 |
| Refund Initiation Date | 07th Oct 2024 |
| Shares Credit to Demat | 07th Oct 2024 |
| Listing Date | 08th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Paramount Dye Tec’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Textile Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Paramount Dye Tec and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
