2 hrs ago
Paramount Syntex IPO Fully Subscribed On Second Day
Paramount Syntex is selling shares to the public through an IPO.
The IPO was fully subscribed by the second day, meaning investors requested more shares than were available.
The company is seeking to raise Rs.81.79 crore through newly issued shares.
Large institutional investors showed especially strong interest, subscribing to their portion 119.29 times.
Each share is priced between Rs.119 and Rs.127.
The company plans to use much of the money to buy machinery for its factories.
Paramount Syntex makes synthetic fibres, acrylic yarns, and blended and dyed yarn products.
Its profit increased significantly in FY26 compared with FY25.
Paramount Syntex’s Rs.81.79 crore SME IPO was subscribed 1.32 times overall on October 1.
The QIB ex-anchor portion was subscribed 119.29 times, with bids for nearly 78.73 lakh shares.
The IPO has a price band of Rs.119 to Rs.127 per share and will remain open until October 6, 2026.
About Rs.61.68 crore of the proceeds will fund machinery purchases for capacity expansion.
Paramount Syntex’s FY26 profit more than doubled to Rs.13.87 crore from Rs.6.73 crore.
- Who
- Paramount Syntex Limited and investors, including qualified institutional buyers.
- What
- Paramount Syntex’s Rs.81.79 crore SME IPO was fully subscribed on its second bidding day.
- Where
- The company is based in Mumbai, and its shares are proposed to be listed on the BSE SME platform.
- When
- The IPO was subscribed 1.32 times on October 1 and remains open until October 6, 2026.
- Why
- The company plans to use approximately Rs.61.68 crore of the proceeds to purchase machinery and expand capacity.
Key facts
- Issue size
- Rs.81.79 crore fresh issue
- Overall subscription
- 1.32 times on October 1
- QIB subscription
- 119.29 times
- Price band
- Rs.119-Rs.127 per equity share
- Minimum lot
- 2,000 shares
- Machinery allocation
- Approximately Rs.61.68 crore
- FY26 profit
- Rs.13.87 crore, compared with Rs.6.73 crore in FY25
Sources
Related news
Paramount Syntex Opens ₹81.79 Crore IPO on September 30
Peshwa Wheat SME IPO Draws 177x QIB Demand
Adroit Industries IPO Draws Strong Demand, GMP Signals Premium
Rentomojo, Karamtara IPOs Draw Strong Investor Demand
Deepa Jewellers IPO Draws Strong Demand, Grey Market Signals Gains
NSE IPO Fully Subscribed on Day Two as Institutions Lead
Indian Markets Close For Gandhi Jayanti After Four-Day Slide
Indian Stocks Post Eighth Straight Weekly Loss Amid Capital Flight
Indian Stocks Log Longest Weekly Losing Run in 25 Years
ICICI Bank Faces ₹229 Crore GST Show Cause Notice
