Paramount Dye Tec Limited 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 company.
  • The company offers a complete solution by producing both fiber and yarn to streamline the supply chain for its clients.

Paramount Dye Tec Limited Financial Information (Restated)

Period Ended31 Mar 202431 Jan 2024
Assets5,549.653,490.07
Revenue2,367.92,955.91
Profit After Tax354.09278.65
Net Worth3,032.061
Reserves and Surplus3,029.81 
Total Borrowing1,627.372,247.76
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Paramount Dye Tec IPO is Rs 81.23 Cr.

KPI as of March 31, 2024.

KPIValues
ROE11.68%
ROCE16.53%
Debt/Equity0.54
RoNW11.68%
PAT Margin (%)15.06
 Pre IPOPost IPO
EPS (Rs) 7.855.1
P/E (x) 14.9122.94
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Paramount Dye Tec IPO Objectives)

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):

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

Paramount Dye Tec IPO Details

IPO Date September 30, 2024 to October 3, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹111 to ₹117 per share
Lot Size 1200 Shares
Total Issue Size 2,430,000 shares (aggregating up to ₹28.43 Cr)
Fresh Issue 2,430,000 shares (aggregating up to ₹28.43 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 4,512,651
Share holding post issue 6,942,651
Market Maker portion 122,400 shares

Paramount Dye Tec IPO Promoter Holding

The promoters of the Company being Mr. Kunal Arora and Ms. Palki Arora.

Share Holding Pre Issue99.97%
Share Holding Post Issue64.97%

SHARIAH SCREENING for - Paramount Dye Tec Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

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