The Sweep India - Paramount Dye Tec restricted IPO Opens on thirtieth September, 2024

Nationwide, September 30, 2024

Paramount Dye Tec Restricted has introduced its plan to walk population with an Preliminary Society Providing (IPO) on September 30, 2024, aiming to lift as much as ₹28.43 Cr with stocks to be indexed at the Emerge platform of Nationwide Conserve Change of Bharat Restricted. The problem is Up To 24.3 LakhStocks fairness stocks at a face worth of ₹ 10 each and every. Based in January 2014 as a Partnership Company and thereafter transformed to a Society Restricted Corporate, Paramount Dye Tec Restricted produces strings by means of recycling wastage artificial fiber, catering to the B2B area of the textile trade.

Fairness Percentage Allocation

General Factor Dimension (New Factor): 24.3 LakhStocks Fairness Stocks
(aggregating as much as 28.43 Cr)
Marketplace Maker Quota : 1,22,400 Stocks
QIB Quota (Together with Anchor Reservation) : No more than 50.00% of the deal
Retail Quota : Now not lower than 35.03% of the Web Factor
NII (HNI) Quota : Now not lower than 15.00% of the Trade in
Value Band : ₹111 to ₹ 117
Quantity Dimension: 1,200 Stocks
IPO Dimension (at cap value): 24,30,000 fairness stocks aggregating as much as ₹ 28.43 Crores
Pre-Factor Refuse. of Stocks: 45,12,651 fairness stocks
Submit Factor Refuse. of Stocks: 69,42,651 fairness stocks
Anchor Factor opening : Friday, September 27, 2024
Factor Opens on: Monday, September 30, 2024
Factor Closes on: Thursday, October 03, 2024
Tentative List Life: Tuesday, October 08, 2024

The web proceeds of the IPO shall be applied for putting in of pristine production unit for Rs. 16.00 cr., Rs. 4.50 cr. shall be for compensation/prepayment of positive money owed and Rs. 1.00 cr. for registry of land bought from promoters, and the residue for basic company functions.

Gretex Corporate Services Limited is the Stock Operating Top Supervisor of the Paramount Dye Tec IPO, era Bigshare Services Pvt Ltd is the registrar for the problem. The marketplace maker for Paramount Dye Tec IPO is Gretex Share Broking Restricted.

Mr. Kunal Arora mentioned “We’re thrilled to announce our nearest IPO on

Emerge platform of Nationwide Conserve Change of Bharat Restricted. Paramount aligns with the emerging call for for sustainable and round clothes. We have now a place in diverse top expansion markets so we stay up for a admirable era of the corporate”.

About Paramount Dye Tec Restricted:

Based in January 2014 as a Partnership Company and thereafter transformed to a Society Restricted Corporate, Paramount Dye Tec Restricted produces strings by means of recycling wastage artificial fiber, catering to the B2B area of the textile trade. The corporate offer a length of goods, together with artificial fiber and strings akin to acrylic, polyester, nylon, fable, hand-knitting, and acrylic mix strings, identified for his or her attribute, sturdiness, and lasting excellence. The corporate has two production amenities located in Village Mangarh and Village Koom Khurd, Punjab.

The corporate is ISO 9001:2015 and is a Excellent Production Follow (GMP) qualified group for a powerful Attribute Control Machine.

The corporate offer in acrylic fabric in addition to alternative merchandise akin to combined wool, nylon, polyester strings, and acrylic wool.

Financials

The corporate has, for the utmost 4 fiscals, the posted a complete source of revenue/internet benefit of Rs. 16.91 cr. / Rs. 0.16 cr. (FY21), Rs. 23.67 cr. / Rs. 0.16 cr. (FY22), Rs. 46.00 cr. / Rs. 3.16 cr. (FY23), and for 2 damaged classes of FY24, i.e. as much as 03.01.24 and from 04.01.24 to 31.03.24 it posted a complete source of revenue and internet benefit of Rs. Rs. 29.56 cr. / Rs. 2.79 cr., and Rs. 23.68 cr. / Rs. 3.54 cr. respectively. Thus for whole FY24 it has reported a complete source of revenue of Rs. 53.24 cr. and earned a internet benefit of Rs. 6.33 cr.

Disclaimer:

Positive statements on this record that aren’t ancient details are ahead browsing statements. Such forward-looking statements are matter to positive dangers and uncertainties like govt movements, native, political or financial traits, technological dangers, and lots of alternative components that would purpose fresh effects to vary materially from the ones pondered by means of the related forward-looking statements. The Corporate may not be whatsoever accountable for any motion taken in keeping with such statements and undertakes refuse legal responsibility to publicly replace those forward-looking statements to mirror next occasions or instances.