Paramount Syntex IPO Fully Subscribed on Day 2; QIB Book Hits 119.29x as GMP Rises to Rs.52
Textile manufacturer’s Rs.81.79 crore IPO sees robust institutional demand ahead of its October 6 closing date
Mumbai, 2nd October, 2026 ( TGN ): Paramount Syntex Limited (“Company”), a textile manufacturing company engaged in the manufacturing of synthetic fibres, acrylic yarns and other blended and dyed yarn products, has witnessed strong investor response to its SME IPO, with the issue getting fully subscribed on the second day of bidding. As of 10:29:59 AM on October 1, 2026, the Rs.81.79 crore public issue was subscribed 1.32 times overall, with bids received for approximately 80.56 lakh shares against 61.17 lakh shares available in the net issue. The Qualified Institutional Buyers (QIB) category witnessed exceptionally strong participation, with the ex-anchor portion subscribed 119.29 times, as the issue continues to remain open for subscription until October 6, 2026.
The QIB category received bids for nearly 78.73 lakh shares against 66,000 shares on offer, amounting to demand of close to Rs.100 crore. The IPO has a price band of Rs.119 to Rs.127 per equity share, while the offline grey market premium (GMP) is currently around Rs.52 per share. The GMP is unofficial and unregulated and may change before listing.
The IPO opened for subscription on September 30, 2026 and will close on October 6, 2026. The issue comprises up to 64.40 lakh equity shares of face value of Rs.10 each, offered at a price band of Rs.119 to Rs.127 per share. The minimum lot size is 2,000 equity shares, requiring a minimum investment of Rs.2.38 lakh at the lower price band and Rs.2.54 lakh at the upper price band. Sobhagya Capital Options Limited is the Book Running Lead Manager to the issue, while Bigshare Services Private Limited is the Registrar. The shares are proposed to be listed on the BSE SME platform.
The company plans to use a major portion of the IPO proceeds to strengthen its manufacturing capabilities. Of the total funds raised, approximately Rs.61.68 crore has been earmarked for the purchase of machinery at its existing manufacturing facilities. The investment is aimed at supporting the company’s expansion plans and increasing its production capacity. As the IPO comprises a 100% fresh issue with no Offer for Sale component, the funds raised will be available to the company for its stated business objectives.
Commenting on the IPO response, Mr. Punit Arora, Chairman & Managing Director, Paramount Syntex Limited, said, “We are encouraged by the response to our IPO and the confidence shown by investors in Paramount Syntex. Over the years, we have built a diversified product portfolio across acrylic, wool-blended and other specialty yarns, while developing capabilities across multiple stages of the manufacturing process. Our focus has remained on maintaining product quality, strengthening customer relationships and responding to the evolving requirements of the textile industry. We see significant scope to build further on this foundation and deepen our presence across the markets we serve.”
The strong response to the IPO comes as Paramount Syntex has reported a significant improvement in its financial performance in FY26. Revenue from operations increased to Rs.122.03 crore from Rs.112.42 crore in FY25, while profit after tax more than doubled to Rs.13.87 crore from Rs.6.73 crore. EBITDA also rose to Rs.23.59 crore from Rs.13.17 crore, with EBITDA margin improving to 19.33% from 11.71% during the same period. The company’s net profit margin also increased to 11.36% in FY26 from 5.99% in FY25, reflecting the improvement in profitability.
With the textile industry continuing to see demand for versatile and value-added yarn solutions, Paramount Syntex is looking to build on the opportunities emerging across the synthetic and blended yarn segment. The Company’s presence across acrylic, wool-blended, dyed and other blended yarn categories gives it the ability to cater to varied applications and customer requirements. As the industry evolves, Paramount Syntex aims to strengthen its market presence, expand its reach across customers and markets, and capture opportunities emerging in the growing yarn and textile value chain.
About Paramount Syntex Limited:
Incorporated in 1996, Paramount Syntex Limited is a textile manufacturing company engaged in the production of synthetic fibres, dyed fibres and a wide range of yarns, including acrylic, polyester, wool, nylon and blended yarns. The Company operates an integrated manufacturing setup covering fibre processing, tow dyeing, hank dyeing, spinning, bulking and packing, supported by in-house research and quality control capabilities. It also manufactures recycled acrylic fibre using waste materials sourced from domestic and international markets, supporting resource efficiency across its operations. With its manufacturing facilities located in Ludhiana, Punjab, Paramount Syntex caters to customers across India and has established a presence in the textile and apparel industry. The Company holds ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and Good Manufacturing Practice (GMP) certifications.
