Paramount Dye Tec Limited Launches IPO Offering 24.3 Lakh Shares

Key Takeaways from Paramount Dye Tec IPO:

• The Paramount Dye Tec IPO includes a fresh issue of 24.3 lakh shares, with a price range of Rs 111 to Rs 117 per share.
• Bigshare Services Private Ltd is appointed as the registrar, Gretex Corporate Services Limited is the book-running lead manager, and Gretex Share Broking is the market maker.
• The company plans to use the IPO funds to establish a new manufacturing unit and pay off existing debts.
• A portion of the funds will cover expenses for registering land purchased from the promoter and allocations for general corporate purposes.

The minimum lot size for an application is 1200 shares and multiples of 1200 shares thereafter.

The company has appointed Bigshare Services Private Ltd as the registrar and Gretex Corporate Services Limited as the book-running lead manager for the issue. Gretex Share Broking will act as the market maker for the offering.

Paramount Dye Tec plans to use the funds raised from the IPO to establish a new manufacturing unit and pay off debts. They will allocate part of the funds to cover expenses related to registering land purchased from the promoter, with some money also directed toward general corporate purposes.

About Paramount Dye Tec Limited:

Paramount Dye Tec Limited, located in Ludhiana, India, is a well-known manufacturer of recycled synthetic yarn, run by an experienced team. Since its founding, the company has focused on producing 100% recycled synthetic fibre and the yarns made from it. Through consistent innovation and hard work, Paramount Dye Tec has experienced significant growth and continually improves its key strengths. The company has a large number of satisfied customers and is dedicated to meeting the changing needs of the designer and eco-friendly textile industry.

Key Takeaways from RPP Infra Project Win: 

• RPP Infra Projects has won a Rs 38.32 crore contract for a SIPCOT project in Tamil Nadu.
• The project involves developing internal roads, RCC side drains, culverts, and street lights at the Mega Leather Park in Panapakkam, Ranipet District.
• The project is set to be completed within 11 months from the handover of the site.
• RPP Infra must submit a security deposit and sign the agreement before commencing construction.

The project contains the development of internal roads, construction of RCC side drains, culverts, and installation of street lights at the Mega Leather Park in Panapakkam, Ranipet District, Tamil Nadu. 

The project is expected to be completed within 11 months. As per the contract, RPP Infra will be required to submit a security deposit and sign the agreement before starting work. 

The company will commence construction after the site is handed over. This contract further strengthens RPP Infra's position in the infrastructure development sector.

About RPP Infra Projects Limited:

RPP Infra Projects Limited, established in 1988 and incorporated as a private limited company in 1995, is a leading infrastructure development company. Founded by RP Arulsundaram, a first-generation entrepreneur, the company has successfully executed over 150 projects across Tamil Nadu, Karnataka, and Andhra Pradesh. Specialising in roads, buildings, industrial structures, power, irrigation, and pipelines, RPP Infra is committed to delivering high-quality, eco-friendly solutions within budget and timelines. The company has earned a strong reputation for its innovation, cost management, and adherence to BIS standards. Prominent clients include BHEL, MRPL, Chemplast, Thermax, and Siemens.

Key Takeaways from Phoenix Mills Incorporation:

• Phoenix Mills has approved the incorporation of a new wholly owned subsidiary named Sparkle Three Mall Developers 
• The subsidiary will focus on real estate activities, in line with Phoenix Mills' expansion strategy.
• Phoenix Mills will subscribe to the entire paid-up share capital of the subsidiary, amounting to Rs 5 lakhs.
• This strategic move supports Phoenix Mills' growth plans in the real estate sector.

The subsidiary will focus on real estate activities, as part of the company’s expansion strategy. Phoenix Mills will subscribe to the entire paid-up share capital of Sparkle Three, amounting to Rs 5 lakhs. 

The subsidiary, once incorporated, will be fully owned by Phoenix Mills and will contribute to the company’s growth in the real estate sector.

This move aligns with the company’s future growth plans in the real estate industry.

About Phoenix Mills Limited:

The Phoenix Mills Limited is a leading real estate developer in India, specialising in mixed-use developments that include retail malls, entertainment complexes, commercial spaces, and hospitality units. With a presence in key cities such as Mumbai, Bengaluru, Chennai, and Pune, the company is involved in all aspects of real estate – from planning and execution to marketing and management. Phoenix Mills aims to create world-class, difficult-to-replicate assets that drive exceptional value and create superior business environments for retailers and partners. The company is committed to delivering quality, sustainable developments that enhance shareholder value and contribute to the growth of India's real estate sector.

Key Takeaways from Expleo’s Arm Incorporation:

• The company has confirmed the incorporation of a wholly owned subsidiary in Saudi Arabia.
• The new subsidiary will provide Information Technology-enabled services to meet the demands of clients in the region.
• Expleo Solutions will hold 100% of the share capital in the new subsidiary, which will operate independently.
• The move aligns with Expleo's strategy to strengthen its global presence and expand its service offerings.

The new subsidiary will focus on providing Information Technology (IT) enabled services, catering to the needs of clients in the region. This move is in line with Expleo’s strategy to expand its global presence and enhance its service offerings.

The company has confirmed that Expleo Solutions Ltd. will hold 100% of the share capital in the new subsidiary. The subsidiary is expected to operate independently with a focus on IT services, and all transactions with it will be conducted on an arm's length basis.

About Expleo Solutions Limited:

Expleo Solutions Limited, part of the global Expleo Group, is a leading provider of engineering, technology, and consulting services. With over 30 years of experience, Expleo partners with organisations worldwide to drive business transformation, enhance operational excellence, and future-proof operations. The company is ISO certified and operates in multiple countries, including India, the USA, UK, UAE, and Singapore. Expleo supports clients across industries with services in digital transformation, product engineering, quality assurance, and innovation management. Its deep sector expertise and global delivery centres help businesses accelerate their digital initiatives and achieve long-term success.