Paramount Syntex IPO Subscription Update
Paramount Syntex IPO is continuing its bidding on October 2, 2026, after opening for subscription on September 30. The issue will remain open until October 6, giving investors a total of five bidding days.
The company is raising approximately ₹81.79 crore through a fresh issue of 64.40 lakh equity shares. The price band has been fixed at ₹119 to ₹127 per share, and the shares are proposed to be listed on the BSE SME platform.
Paramount Syntex IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 6, 2026 |
| Price Band | ₹119 – ₹127 |
| Issue Size | ₹81.79 Cr |
| Fresh Issue | 64.40 Lakh Shares |
| Offer for Sale | Nil |
| Face Value | ₹10 |
| Lot Size | 1,000 Shares |
| Minimum Investment | ₹1,19,000 |
| Allotment Date | October 7, 2026 |
| Refund/Demat | October 8, 2026 |
| Expected Listing | October 9, 2026 |
| Listing Platform | BSE SME |
The IPO is entirely a fresh issue, so the funds raised through the public offering will be received by Paramount Syntex for its stated business and expansion requirements.
Paramount Syntex IPO GMP Today
The latest available sources do not provide a reliable current GMP figure for Paramount Syntex IPO. Therefore, no unofficial listing premium has been included in the current update.
GMP is an unofficial grey-market indicator and can change rapidly. It is also separate from the official IPO subscription data reported by the exchange.
| Particular | Latest Update |
|---|---|
| Price Band | ₹119 – ₹127 |
| Current GMP | Not Reported |
| Indicative Price | Not Available |
| GMP Status | No Reliable Figure |
Paramount Syntex IPO Subscription Status
The latest available subscription data shows the IPO at approximately 1.27 times overall subscription. The QIB category has recorded exceptionally high demand at 119.29 times, while NII and retail participation remained much lower.
| Investor Category | Subscription |
|---|---|
| QIB | 119.29x |
| NII | 0.01x |
| Retail | 0.09x |
| Overall | 1.27x |
The unusual category-wise distribution is partly because the QIB quota is very small. Economic Times reported 66,000 shares reserved for QIBs compared with more than 30 lakh shares each for NII and retail categories.
What Does Paramount Syntex Do?
Paramount Syntex is a textile manufacturing company incorporated in 1996. It manufactures synthetic fibres, yarns and other textile products, supplying materials primarily to customers in the textile industry.
Its manufacturing process covers raw-material selection, spinning and quality checks. The company also has an in-house research and development team focused on product quality and customer requirements.
The company's business is linked to demand from the textile and apparel industry. Raw-material prices, energy costs, product demand, capacity utilisation and competition can therefore influence its operating performance.
Paramount Syntex Financial Performance
Paramount Syntex has reported improving profitability in recent years. The company has highlighted higher capacity utilisation and improving margins as part of its recent operating performance.
| Particular | Details |
|---|---|
| Business Segment | Synthetic Fibre & Yarn |
| Manufacturing | Textile Products |
| IPO Type | Fresh Issue |
| Issue Size | ₹81.79 Cr |
| Post-Issue Promoter Holding | ~59.63% |
The company's financial performance and capacity utilisation will remain important factors as it expands its operations following the IPO.
Where Will Paramount Syntex IPO Funds Be Used?
The fresh issue proceeds are intended to support the company's business requirements and expansion plans. The detailed allocation of the IPO proceeds should be considered from the company's official offer documents when reviewing the issue.
The fresh capital is expected to strengthen the company's working-capital position and support its manufacturing and operational requirements.
Paramount Syntex Business and Growth
The company's business is focused on synthetic textile materials, including fibres and yarns used by downstream textile manufacturers. Its operations therefore remain connected to the broader textile manufacturing cycle.
Higher utilisation of manufacturing capacity can support revenue growth, while changes in polymer and other raw-material costs can affect margins. The company also needs to maintain consistent product quality and customer relationships in a competitive textile market.
Key Points to Track
The major updates to watch during the remaining IPO period are the category-wise subscription figures, retail and NII participation, any movement in the grey market and the final bidding response.
The IPO has already crossed the overall 1x mark, but the subscription is currently highly concentrated in the QIB category because of its comparatively small reserved allocation.
Paramount Syntex IPO Timeline
| Particular | Date |
|---|---|
| IPO Opening | September 30, 2026 |
| IPO Closing | October 6, 2026 |
| Basis of Allotment | October 7, 2026 |
| Refund Initiation | October 8, 2026 |
| Demat Credit | October 8, 2026 |
| Expected Listing | October 9, 2026 |
Paramount Syntex IPO will remain open until October 6. Investors will be tracking the final subscription numbers, especially retail and NII participation, along with any fresh grey-market updates before the issue closes.
Note: IPO GMP is an unofficial market indicator and is not a guaranteed listing price. Investors should consider the company's financial performance, textile-sector risks, valuation, business model and official IPO documents along with subscription data.
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