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 the Order Win

• Marine Electricals (India) Limited has secured orders worth approximately ₹6.25 crores for electrical equipment projects in Pune and Hyderabad.
• The contracts include the supply, installation, testing, and commissioning (SITC) of an HT Panel for Nxtra Data Limited in Pune and Busducts for Pokarna Engineered Stone Limited in Hyderabad.
• Both contracts are set for delivery over a period of six months and do not involve any related party transactions.

Marine Electricals (India) Limited has secured two key orders, cumulative to approximately Rs 6.25 crore. The first one is from Nxtra Data Limited for the SITC of an HT Panel for the Pune Project as per the six-month delivery schedule order. The second one is from Pokarna Engineered Stone Limited also, for the SITC of Busducts on the Hyderabad Project that must be delivered in six months.

As part of its commitment towards good corporate governance, Marine Electricals is bringing out this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is focusing on maintaining openness with stakeholders about significant business developments.

About Marine Electricals (India) Limited

Marine Electricals (India) Limited is a leading provider of electrical automation and ICT solutions, and one of India's largest LV and MV switchgear manufacturers. The company holds a 50% market share in the electrical segment and is a Tier-1 supplier to the Indian Navy and global shipyards.

Key Takeaways from BLS International Services’ Acquisition:

• BLS International FZE acquired 99% of BLS United Ventures S de RL de CV, a Mexican company specialising in visa and passport processing.
• BLS United Ventures has a paid-up share capital of MXN 20,000 and reported a turnover of MXN 38,85,702.60 for the year ending December 2023.
• The acquisition involves a related party, as the existing shareholder is a director of BLS International FZE.
• The shares were purchased for a cash amount of MXN 19,800, and no regulatory approvals were required for the acquisition.

BLS United Ventures specialises in visa and passport processing and had a paid-up share capital of MXN 20,000, with a turnover of MXN 38,85,702.60 for the calendar year ending December 2023. 

This acquisition is considered a related party transaction, as the existing shareholder of BLS United Ventures is a director of BLS International FZE. The shares were acquired for a cash consideration of MXN 19,800. 

About BLS International Services Limited:

BLS International Services Ltd. is a highly regarded tech-enabled service partner for governments and citizens, boasting over 19 years of experience. Established in 2005, the company has positioned itself among the top two players in visa, passport, consular, and citizen services. BLS International sets industry standards by providing comprehensive solutions in areas such as e-governance, attestation, biometrics, e-visa, and retail services.

The company has received numerous prestigious awards, including recognition as one of "India's Most Valuable Companies" by Business Today Magazine and as one of Forbes Asia's "Best Under a Billion" companies. BLS International collaborates with over 46 client governments, including diplomatic missions, embassies, and consulates, ensuring data security through advanced technology and processes. Operating in 66 countries, BLS International has a vast network of over 50,000 centres, supported by 60,000 employees and associates, along with 9 global training centres and 4 global contact centres. Till date, the company has processed over 232 million applications, highlighting its commitment to excellence in the industry.

Key Takeaways from Sahasra Electronics Solutions IPO:

• The Sahasra Electronics Solutions IPO includes a fresh issue of 60.78 lakh shares and an offer for sale of 5 lakh shares, open for subscription from September 26 to September 30, 2024.  
• Hem Securities Limited is the book running lead manager, while Bigshare Services Pvt Ltd serves as the registrar for the IPO.  
• The company plans to use the funds raised from the fresh issue for various purposes, including capital expenditures for new machinery in Bhiwadi, Rajasthan.  
• Additional funds will support investments in its subsidiary, Sahasra Semiconductors, and cover working capital needs and general corporate expenses.  

Hem Securities Limited serves as the book-running lead manager for the Sahasra Electronics Solutions IPO, with Bigshare Services Private Limited acting as the registrar for the offering. Hem Finlease is designated as the market maker for the IPO.

The company intends to utilise the funds raised from the Fresh Issue for related expenses, for various purposes. This includes financing capital expenditures for the installation of additional machinery at its new manufacturing facility in Bhiwadi, Rajasthan. It also plans to invest in its subsidiary, Sahasra Semiconductors Private Limited, to support its capital expenses for new machinery. Furthermore, a portion of the funds will be allocated to meet working capital requirements and for general corporate purposes.

About Sahasra Electronics Solutions Limited:

Founded in 2000, Sahasra Electronics Solutions has grown into one of India’s most successful electronic companies, offering comprehensive solutions from design to manufacturing and distribution through its six businesses. With four manufacturing plants in the NCR and one in Rwanda, along with eight sales and marketing offices in India, the USA, Canada, Africa, and Europe, the group is a leading exporter of electronic products and services. Its mission is to provide high-quality goods and services at competitive prices while ensuring customer satisfaction worldwide. Employing over 510 people (with a fifth being female), the group has a sales turnover of under US$100 million and aims to expand further. With a forward-looking vision, the group is committed to becoming a top international electronic solutions provider while prioritising social and environmental sustainability for all stakeholders, including customers, vendors, investors, employees, and partners.