Paramount Syntex IPO fully subscribed on the second day of bidding, with the Rs 81.79 crore SME issue receiving strong demand from qualified institutional buyers.
The QIB portion was subscribed 119.29 times, while the overall issue received bids for more shares than were available.
The IPO opened for subscription on September 30 and is scheduled to close on October 6, 2026.
The company has fixed the price band at Rs 119 to Rs 127 per equity share.
Paramount Syntex IPO Fully Subscribed
On the second day, the issue received bids for around 82.39 lakh shares against 61.17 lakh shares offered in the net issue, taking the overall subscription to 1.35 times.
The QIB portion recorded the strongest demand, with subscription reaching 119.29 times.
Demand from other investor categories remained comparatively lower.
The retail portion was subscribed around 10 per cent, while the non-institutional investor portion was subscribed around 2 per cent on the second day.
Paramount Syntex IPO Price Band and Issue Size
The IPO has a price band of Rs 119 to Rs 127 per share.
The public issue comprises up to 64.40 lakh fresh equity shares and does not include an offer-for-sale component.
The company plans to use a major portion of the proceeds for capital expenditure, including the purchase of machinery at its existing manufacturing facilities.
Around Rs 61.68 crore has been earmarked for this purpose.
What Is Paramount Syntex’s Business?
Paramount Syntex, incorporated in 1996, manufactures synthetic fibres and yarn products.
Its product range includes acrylic, polyester, wool, nylon and blended yarns, along with dyed fibres and yarns.
The company is conducting the IPO on the BSE SME platform. Sobhagya Capital Options is the book-running lead manager for the issue.
Paramnt Syntex IPO GMP Reaches Rs 52
The reported grey market premium, or GMP, for the Paramount Syntex IPO was around Rs 52 per share.
If added to the upper price-band price of Rs 127, this would indicate an unofficial implied price of around Rs 179.
However, GMP is an unofficial and unregulated market indicator and does not guarantee the actual listing price or future performance of the shares.
The IPO remains open until October 6. Investors will therefore be able to see the final subscription figures after the issue closes.
