Paramount Dye Tec Limited was initially established as Partnership Firm under the Partnership Act, 1932 in the name and style of 'Paramount Dye Tec' pursuant to Deed of Partnership dated January 03, 2014, w.e.f. January 01, 2014. Paramount Dye Tec was thereafter converted to a Public Company as 'Paramount Dye Tec Limited' and received a Certificate of Incorporation from the Central Registration Centre dated January 04, 2024.
Paramount Dye Tec Limited is a Ludhiana, Punjab-based company, specializing in manufacturing of yarns by recycling waste synthetic fiber (recycling synthetic waste), serving the B2B segment of the textile industry. It offer diverse products including synthetic fiber and yarns which includes acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. It utilize synthetic waste fibers as primary raw material, transforming them into quality yarn. The Company operate from manufacturing facility located in Village Mangarh & Village Koom Khurd, in Punjab. The Company is an ISO 9001:2015 and Good Manufacturing Practice (GMP) certified organization.
Since incorporation in year 2014, the Company focused on manufacturing and trading basic fibers for products such as cushions, blankets, carpets, and mats. It began recycling synthetic waste to make recycled fibers in 2022-23. It used these recycled fibers to manufacture yarn, the quality of which was at par with the yarns man ...ufactured from the virgin fibers. It set up a spinning unit to use the fibers from the recycling plant. The yarns manufactured from recycled synthetic fibers were further used in production of thermal wear,
undergarments, and clothing etc.
The Company came up with its initial public offer of issuing 24,30,000 equity shares of Rs 10 each by raising Rs 28.43 crore on October 3, 2024.
FAQs on Paramount Dye Tec Ltd
1. Can I buy Paramount Dye Tec Ltd from PL Capital? ›
Yes, you can invest in Paramount Dye Tec Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Paramount Dye Tec Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Paramount Dye Tec Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Paramount Dye Tec Ltd pay dividends? ›
Paramount Dye Tec Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Paramount Dye Tec Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Paramount Dye Tec Ltd. is ₹ 44.5 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Paramount Dye Tec Ltd ? ›
The 52-week high and low of Paramount Dye Tec Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
