Paramount Syntex Limited IPO — Subscription & GMP
- Price band
- ₹119 – ₹127
- Lot size
- 1000
- Issue size
- ₹81.79 Cr
- Bidding
- 30 Sept 2026 → 06 Oct 2026
- Allotment
- —
- Listing
- 09 Oct 2026
Listing outcome
Official exchange pricesNo grey market premium was recorded at the close of bidding, so there is nothing to score this listing against.
Schedule
- 30 Sept 2026IPO open date
- 06 Oct 2026IPO close date
- 07 Oct 2026Allotment date†
- 07 Oct 2026Funds unblock or debit†
- 09 Oct 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsParamount Syntex makes acrylic fibre and yarn for the textile industry, much of it from recycled waste fibre. Incorporated in 1996 with its registered office in Mumbai, it manufactures at two factory units in Kohara, near Ludhiana in Punjab.
How it makes money
The company buys waste acrylic fibre — sourced in India and imported from Thailand — and processes it back into usable fibre. It then dyes and spins that fibre into yarn, which it sells to textile manufacturers.
Most of the chain is in-house: fibre processing, tow dyeing, hank dyeing, spinning, bulking and packing. Doing the dyeing and spinning under one roof is what lets it capture more of the value than a pure spinner or a pure dyer would.
The numbers
- Revenue: ₹122.0 Cr in FY26, up from ₹112.4 Cr (FY25) and ₹92.8 Cr (FY24)
- Profit after tax: ₹13.9 Cr in FY26, against ₹6.7 Cr and ₹1.3 Cr
- PAT margin: 11.4% in FY26, up from 6.0% and 1.5%
- Return on net worth: 32.5% in FY26; return on capital employed 29.2%
- Net worth: ₹42.7 Cr at March 2026
- EPS: ₹11.60 for FY26, about 10.9× earnings at the top of the band. The filing gives an industry P/E range of 14.9× to 75.3×
The profit story is margin, not volume. Revenue grew 9% in FY26, but profit roughly doubled again as the margin widened — and it is about ten times FY24's level.
Where the money goes
The offer combines a fresh issue with an offer for sale. The bulk of the fresh money — about ₹61.7 Cr — is for new machinery at its existing facilities, with the remainder for general corporate purposes. That makes this a capacity-expansion issue rather than one funding working capital or paying down debt.
Worth knowing
- A margin that rose from 1.5% to 11.4% in two years is the figure that most needs explaining. Raw-material costs in fibre are volatile, and part of the improvement may reflect favourable input prices rather than a permanent change.
- Dependence on imported waste fibre ties costs to supply from Thailand and to currency movements.
- The capex is large relative to the company's size: ₹61.7 Cr of new machinery against ₹42.7 Cr of existing net worth.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹11.60 | — |
| P/E ratio | 10.95× | — |
| NAV per share | ₹35.68 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from BSE · fetched 817 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers (QIBs) | 66,000 | 78.73 L | 119.29× |
| 1(a)Foreign Institutional Investors (FIIs) | — | 55.13 L | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | — | — |
| 1(c)Mutual Funds | — | — | — |
| 2Non Institutional Investors | 33.38 L | 5.97 L | 0.18× |
| 2(a)Corporates | — | 3.26 L | — |
| 2(b)Individuals (Other than RIIs) | — | 2.68 L | — |
| 2(c)Others | — | 3,000 | — |
| 3Retail Individual Investors (RIIs) | 30.36 L | 33.44 L | 1.10× |
| 3(a)Cut Off | — | — | — |
| 3(b)Price Bids | — | 33.44 L | — |
| 4Employee Reserved | — | 0 | — |
| 4(a)Employee (Cut off) | — | — | — |
| 4(b)Employee (Price) | — | — | — |
| 5Reservation PortionShareholder | — | 0 | — |
| 5(a)RPS (Cut off) | — | — | — |
| 5(b)RPS (Price) | — | — | — |
| Total | 64.40 L | 1.18 Cr | 1.83× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹119 → ₹127 · peak 1.18 Cr shares bid
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹119 – ₹127
- Lot size
- 1000 shares
- Min. bid quantity
- 2000
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 64.40 L
- Issue size
- ₹81.79 Cr
- Max bid · QIB
- 61.17 L
- Max bid · NII
- 60.51 L
Timeline & process
- Bidding opens
- 30 Sept 2026
- Bidding closes
- 06 Oct 2026
- Allotment
- —
- Listing
- 09 Oct 2026
Intermediaries
- Registrar
- BIGSHARE SERVICES PRIVATE LIMITED
- Sponsor bank
- AXIS BANK
- Lead managers
- Sobhagya Capital Options Private Limited