The Paramount Dye Tec IPO opened on September 30, 2024, but as of today, the grey market premium (GMP) has not yet started. Investors are eagerly awaiting updates on the GMP, which is a crucial indicator of market sentiment ahead of the stock’s debut.
Paramount Dye Tec, a key player in the recycled synthetic fiber and yarn industry, is aiming to raise ₹28.43 crore through this SME IPO.
Paramount Dye Tec IPO Details
- IPO Open Date: September 30, 2024
- IPO Close Date: October 3, 2024
- Issue Size: ₹28.43 crores
- Face Value: ₹10 per share
- Price Band: ₹111 to ₹117 per share
- Market Lot: 1,200 shares
- Listing: NSE SME
Paramount Dye Tec: A Snapshot
Founded in Ludhiana, Punjab, Paramount Dye Tec specializes in producing synthetic yarns made from recycled waste. Their product range includes acrylic, polyester, nylon, and wool yarns, serving the B2B textile industry.
The company is committed to sustainable manufacturing, leveraging ISO 9001:2015 certification and Good Manufacturing Practices (GMP) to maintain quality while minimizing environmental impact.
MUST READ: Paramount Dye Tec IPO Day 2: Subscription Status, GMP, and Key Insights
Paramount Dye Tec IPO GMP Not Started Yet
Although the IPO is now live, the GMP for Paramount Dye Tec IPO has not yet started, indicating that grey market activity is still in its early stages.
Investors should stay tuned for updates, as the GMP can provide valuable insights into how the stock might perform upon listing. Once the grey market premium begins, it will be a key factor in shaping investor expectations for the listing day.
Key Dates for Paramount Dye Tec IPO
- IPO Open Date: September 30, 2024
- IPO Close Date: October 3, 2024
- Basis of Allotment: October 4, 2024
- Refunds Initiation: October 7, 2024
- Credit to Demat Accounts: October 7, 2024
- IPO Listing Date: October 8, 2024
What Makes Paramount Dye Tec Stand Out?
- Sustainability: Paramount Dye Tec’s focus on recycling synthetic waste into premium yarn positions the company as a green industry leader.
- Product Range: Offering a wide range of synthetic yarns for the B2B market, including acrylic, polyester, nylon, and wool.
- Market Position: Serving both domestic and international markets, the company exports over 80% of its products to countries such as the United States, Germany, and Belgium.
How to Check Paramount Dye Tec IPO Allotment Status
After the IPO closes, investors can check their allotment status by visiting the Bigshare Services IPO Allotment Page or the NSE IPO allotment section. Here are the steps:
Option 1: Check Allotment via Bigshare Services
- Visit the Bigshare IPO Status Page at Bigshare IPO Allotment Status.
- Select Paramount Dye Tec from the drop-down menu.
- Enter your Application Number, PAN Number, or DP ID.
- Complete the CAPTCHA verification.
- Click Submit to view your allotment status.
Option 2: Check Allotment via NSE
- Go to the NSE IPO Allotment Page at NSE IPO Allotment Status.
- Choose Paramount Dye Tec from the menu.
- Enter PAN Number, Application Number, or Demat Account Number.
- Click Search to view your IPO allotment status.
Conclusion
The Paramount Dye Tec IPO has garnered attention in the SME space for its focus on sustainability and its established market presence. As investors wait for the grey market premium to start, those interested in the IPO should stay tuned for updates on the GMP, as it will offer valuable insights ahead of the listing date.
With its sustainable business model and robust product range, Paramount Dye Tec is one IPO to watch in the coming days.
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Disclaimer
The information provided in this article is for educational and informational purposes only. The stock market involves risks, and the performance of any stock is subject to market conditions and individual financial decisions. Readers should conduct their own research or consult with a financial advisor before making investment decisions. We are not responsible for any losses that may arise from decisions based on this content.
