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Paramount Syntex Opens ₹81.79 Crore IPO on September 30
Paramount Syntex makes synthetic fibres, yarns, and textile products.
It is offering shares to the public in an IPO.
The IPO will be open from September 30 to October 6, 2026.
Each share will cost between ₹119 and ₹127.
The company hopes to raise as much as ₹81.79 crore.
Most of the money will be used to buy new machinery.
The company says it turns waste fibre into useful fibre and yarn.
Its products include acrylic, polyester, nylon, wool, blended yarns, and knitted cloth.
The shares are proposed to be listed on BSE Limited.
Paramount Syntex’s IPO opens on September 30, 2026, and closes on October 6, 2026.
The company is offering up to 64.4 lakh equity shares at ₹119–₹127 per share.
The IPO could raise up to ₹81.79 crore, with shares proposed to list on BSE Limited.
A minimum application requires 1,000 shares, costing ₹1.19 lakh at the lower band or ₹1.27 lakh at the upper band.
Paramount Syntex plans to use ₹61.68 crore of net proceeds to purchase machinery and modernize its existing facilities.
- Who
- Paramount Syntex Limited, an integrated manufacturer of synthetic fibres, yarns, and textile products.
- What
- The company is launching an IPO of up to 64,40,000 equity shares to raise up to ₹81.79 crore.
- Where
- The company is based in Mumbai, Maharashtra, India, and its shares are proposed to be listed on BSE Limited.
- When
- The IPO opens on September 30, 2026, and closes on October 6, 2026.
- Why
- The company plans to use ₹61.68 crore of net proceeds to purchase machinery at its existing facilities, with the balance intended for general corporate purposes.
Key facts
- Issue size
- Up to ₹81.79 crore
- Price band
- ₹119–₹127 per equity share
- Issue period
- September 30 to October 6, 2026
- Total issue
- 64,40,000 equity shares
- Net issue to public
- 61,17,000 equity shares
- Market maker portion
- 3,23,000 equity shares
- Minimum application
- 1,000 shares; ₹1.19 lakh at the lower band or ₹1.27 lakh at the upper band
- Planned capital expenditure
- ₹61.68 crore for machinery at existing facilities
Quotes
Punit Arora
Chairman and Managing Director of Paramount Syntex Limited
“Because we run fibre processing, dyeing, spinning and finishing in-house, we control quality at every stage.”
theprint.in
Sources
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