Paramount Dye Tec Limited

About the company

## **About  Paramount Dye Tec Limited** Founded in January 2014, Paramount Dye Tec Limited (PDTL), based in Ludhiana, Punjab, specializes in the innovative manufacturing of yarns by recycling waste synthetic fibers, thus serving the B2B segment of the textile industry. The company offers a diverse product range that includes acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn, and acrylic blend yarn, all distinguished by their quality and durability. PDTL’s commitment to sustainability is central to its operations, transforming synthetic waste into premium yarn while enhancing economic efficiency in the textile sector. By focusing on recycling, PDTL not only meets the growing demand for sustainable practices but also reinforces its position in the evolving landscape of circular fashion. At the core of PDTL's manufacturing process is its state-of-the-art facility located in Village Mangarh and Village Koom Khurd, Punjab. This facility is equipped with advanced processing capabilities and manned by industry experts dedicated to maintaining high standards of quality assurance. PDTL adheres to rigorous testing protocols for both raw materials and finished products, ensuring compliance with international standards. Recognizing the seasonal nature of the textile industry, PDTL has strategically focused on producing yarns for winter apparel such as caps, gloves, and thermal innerwear. However, to mitigate risks associated with seasonality, the company has initiated an upgrade of its machinery and production processes. This upgrade enables PDTL to expand its product offerings to include summer season yarns, such as acrylic-cotton blends and polyester-viscose blends, suitable for heavy GSM t-shirts and shorts. By broadening its product portfolio, PDTL aims to serve a wider array of customers, from small and medium enterprises to high-fashion multinational companies, establishing a stable revenue base throughout the year. PDTL’s journey from a partnership focused on trading synthetic fibers to a robust manufacturing entity showcases its adaptability and resilience in the textile industry. Initially engaged in lower-quality synthetic waste production, PDTL has evolved to maximize trading opportunities while enhancing its manufacturing capabilities. This balanced approach has allowed the company to capitalize on market dynamics and maintain profitability. By rationally integrating trading activities alongside its manufacturing focus, PDTL continues to sustain relationships with customers and effectively respond to bulk orders, solidifying its position as a key player in the textile market. Paramount Dye Tec Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives 1. Setting up of Manufacturing Unit  1. Repayment/Prepayment of Certain Debt Facilities availed by the Company  1. Expenses towards Registration of Land purchased from Promoter  1. General Corporate Purposes

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   30 Sept 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   03 Oct 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   02 Oct 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   07 Oct 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   04 Oct 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   08 Oct 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.