Paramount Syntex IPO 2026: GMP Today, Subscription Status, Price Band, Textile Business and Financial Details

Paramount Syntex IPO: Latest Update

Paramount Syntex IPO is currently open for subscription and will remain available until October 6, 2026. The company is raising approximately ₹81.79 crore through a fresh issue of 64.40 lakh equity shares. There is no offer-for-sale component in the issue. The shares are proposed to be listed on the BSE SME platform.

The IPO has a price band of ₹119 to ₹127 per share, while the lot size is 1,000 shares. The minimum bid is 2,000 shares, making the minimum application at the upper price band ₹2.54 lakh.

Paramount Syntex IPO Details

The IPO represents approximately 35% of the company's post-issue paid-up equity capital, according to the issue details.

Paramount Syntex IPO GMP Today

As of October 2, 2026, the latest available GMP tracker reports that the Paramount Syntex IPO GMP has not started. Therefore, there is currently no verified grey-market premium that can be used to calculate an unofficial listing indication.

GMP is an unofficial market indicator and can begin or change during the IPO period. It should be considered separately from the official IPO price discovery and exchange listing process.

Paramount Syntex IPO Subscription Status

The IPO received strong institutional participation during the early bidding sessions. The latest available figures as of October 1 showed the issue at approximately 1.28x overall subscription.

The QIB portion is relatively small compared with the retail and NII allocations, so the very high QIB subscription multiple needs to be viewed in the context of the number of shares reserved for that category.

The issue remains open until October 6, so the final subscription numbers may change significantly during the remaining bidding sessions.

What Does Paramount Syntex Do?

Paramount Syntex operates in the textile manufacturing industry, with its business focused on synthetic fibres, yarns and knitted textile products.

The company manufactures products including acrylic yarn, polyester yarn, wool and nylon yarns, dyed acrylic high-bulk yarn, blended yarns and acrylic-wool blends. Its products are supplied for applications such as knitwear, winter clothing, blankets, home furnishings and other textile products.

The company has manufacturing facilities at Mangarh, Kohara in Ludhiana, Punjab, where its operations include fibre processing, tow dyeing, hank dyeing, spinning, bulking and packing.

Paramount Syntex Product Portfolio

The company's product range covers different types of synthetic and blended yarns used by textile manufacturers.

Key products include:

• Acrylic yarn
• Polyester yarn
• Wool and nylon yarns
• Dyed acrylic high-bulk yarn
• Blended yarn
• Acrylic-wool blends
• Knitted cloth
• Customized yarn products

The company can also develop customized yarns according to customer requirements such as colour, texture, weight and performance characteristics.

Manufacturing Operations

Paramount Syntex's manufacturing setup covers several stages of textile production, from raw-material processing to finished yarn preparation.

Its facilities include capabilities for fibre processing, dyeing, spinning, winding, bulking and packing. The company also processes acrylic fibre from waste fibre sourced domestically and from Thailand.

This integrated processing capability allows the company to manufacture multiple varieties of synthetic and blended yarn products for different textile applications.

Paramount Syntex IPO Fund Utilisation

The fresh issue proceeds are primarily being raised to finance capital expenditure for purchasing machinery at the company's existing manufacturing facility.

A portion of the funds will also be used for general corporate purposes.

The machinery investment is intended to strengthen the company's existing manufacturing capabilities rather than fund a completely new manufacturing location.

Paramount Syntex Financial Performance

The company's recent financial results show an increase in both revenue and profit.

Revenue increased from ₹112.72 crore in FY2025 to approximately ₹122.51 crore in FY2026, while profit after tax rose from ₹6.73 crore to approximately ₹13.87 crore.

The increase in profitability is an important part of the company's recent financial performance, although the textile sector remains exposed to raw-material costs, demand cycles and changes in yarn pricing.

Paramount Syntex Manufacturing Location

The company's manufacturing facility is located in Mangarh, Kohara, Ludhiana, Punjab, and covers approximately 7,268.73 square yards.

The facility supports the company's production and processing activities across synthetic fibres and yarns. As of March 31, 2026, the company had 355 permanent employees.

Paramount Syntex Business Applications

The company's products are used across several areas of the textile and apparel industry.

Its synthetic and blended yarns can be used in:

• Knitwear
• Winter apparel
• Blankets
• Home furnishings
• Textile accessories
• Other knitted and woven textile products

The diversified product range allows Paramount Syntex to serve customers with different yarn specifications and application requirements.

Promoters and Shareholding

The promoters of Paramount Syntex include Punit Arora and Kumkum Arora. The company's pre-issue promoter holding is reported at approximately 91%.

The IPO will increase the company's public shareholding after listing, while the promoters will continue to hold a significant stake.

Paramount Syntex IPO Reservation

The IPO has allocations across QIB, NII and retail investor categories.

The QIB allocation represents a relatively small proportion of the total issue, while the majority of shares are allocated to NII and retail categories.

Paramount Syntex IPO Investment Size

The lot size is 1,000 shares, with bids required to start at a minimum of two lots.

At the upper price band of ₹127:

Investors should check the final application requirements and category rules before submitting an IPO application.

Paramount Syntex IPO Timeline

The current IPO schedule places the closing date on October 6, followed by allotment on October 7 and the proposed BSE SME listing on October 9.

Paramount Syntex IPO: Key Points to Track

Paramount Syntex is entering the SME market with an IPO focused on expanding its existing textile manufacturing capabilities. The majority of the fresh issue is linked to machinery purchases, while the company continues to operate across synthetic fibre, yarn and knitted textile products.

The company's FY2026 revenue reached ₹122.51 crore and PAT increased to ₹13.87 crore. At the same time, investors tracking the IPO can monitor raw-material prices, textile demand, production capacity and the company's ability to utilise the additional machinery efficiently.

Paramount Syntex IPO GMP and Subscription Update

The current GMP remains not started, so there is no reliable unofficial premium available for calculating an indicative listing price.

The latest available subscription figures show overall demand at around 1.28x as of October 1, with the QIB category at 119.29x, retail at 0.10x and NII at 0.01x. The unusually high QIB multiple reflects the relatively small QIB reservation in the issue.

Paramount Syntex IPO Closing Update

Paramount Syntex IPO is a ₹81.79 crore SME issue entirely comprising a fresh issue. The company manufactures synthetic fibres, yarns and knitted textile products and operates its manufacturing facility in the Ludhiana region of Punjab.

The IPO opened on September 30, 2026, and is scheduled to close on October 6, 2026. The latest available subscription data shows approximately 1.28x overall subscription, while the latest GMP tracker reports that grey-market trading has not started.

The next important updates will be the final subscription figures, any change in GMP, allotment on October 7 and the proposed BSE SME listing on October 9, 2026.