SME
IPO ·
BSE SME
Paramount Syntex Ltd
Listed
Ludhiana maker of synthetic and dyed fibres and yarns (acrylic, polyester, wool, nylon blends).
Issue details
Price band
₹119 – ₹127
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,54,000
Issue size
₹81.79 Cr
Fresh issue
₹81.79 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
30 Sep 2026
Closes
6 Oct 2026
UPI mandate cut-off
5:00 PM on 6 Oct 2026
Allotment
7 Oct 2026
Refunds
8 Oct 2026
Shares in demat
8 Oct 2026
Listing
9 Oct 2026
Subscription and listing
Subscription
1.88x
Listing price
₹115
Registrar
Bigshare Services Pvt Ltd
Lead manager
Sobhagya Capital Options Pvt Ltd
Subscription by category
QIB (Ex Anchor)
119.29x
NII *
0.09x
bNII (> ₹10L)
0.03x
sNII (< ₹10L)
0.21x
Individual Investor
1.10x
Total
1.88x
Total applications
1,763
Listing day
Issue price
₹127
Open
₹115.00
High
₹115.00
Low
₹109.25
Day close
₹109.25
Listing gain at open
-9.45%
Issue structure
Shares reserved per category and share of the total issue
QIB
66,000
1.02%
NII
30,15,000
46.82%
bNII > ₹10L
20,10,000
31.21%
sNII < ₹10L
10,05,000
15.61%
Retail
30,36,000
47.14%
Market Maker
3,23,000
5.02%
Total
64,40,000
100.00%
Finaccle’s quick read
Avoid
FY26 income rose only 9% while PAT more than doubled to ₹13.87 Cr, after just ₹1.35 Cr in FY24, a sharp pre-IPO profit spike despite a reasonable post-issue P/E of 16.84.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Paramount Syntex produces synthetic and dyed fibres and yarns in acrylic, polyester, wool, nylon and blends, along with recycled acrylic fibre. Its plant is at Kohara on Machiwara Road in Ludhiana, Punjab, and it supplies the textile spinning and knitting trade. Total income was about ₹122.5 Cr in FY26.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
32.50%
ROCE
29.18%
Debt / equity
0.78
PAT margin
11.36%
P/E post issue
16.84
Market cap
₹233.67 Cr
Use of IPO money
Purchase of machinery at existing facilities
₹61.68 Cr
General corporate purposes
₹9.91 Cr
Issue expenses
₹10.20 Cr
Strengths
✓
Operating since 1996 with ISO-certified facilities
✓
Vertically integrated fibre-to-yarn operations
✓
Fresh issue mainly funds machinery capex
✓
Debt/equity of 0.78 and stable borrowings
Risks to watch
!
PAT rose tenfold from ₹1.35 Cr in FY24 while revenue grew modestly
!
FY26 income up only 9% but PAT up 106%
!
Commodity-linked synthetic fibre business
!
Weak NII demand (0.09x) in the subscription
!
Promoter stake drops to 59.63%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.