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Paramount Syntex IPO Day 2: Subscription Hits 1.35x

By Business DeskParamount Syntex IPO Day 2: Subscription Hits 1.35x

Paramount Syntex IPO reaches 1.35x subscription on day two, driven by QIBs bidding 119.29x. Check out subscription details, financials, and price band.

Paramount Syntex reached an overall subscription level of 1.35 times at the close of the second day of bidding on October 1, 2026. The SME public offering opened on September 30 and is scheduled to conclude on October 6, 2026.

Subscription Breakdown

  • Qualified Institutional Buyers: 119.29 times
  • Retail Investors: 0.10 times
  • Non-Institutional Investors: 0.02 times
  • Overall Subscription: 1.35 times

The offering consists of a fresh issue of 64.40 lakh shares aiming to raise up to Rs 81.79 crore. Shares are priced in a band between Rs 119 and Rs 127 per share.

Use of Proceeds and Financials

Paramount Syntex plans to deploy approximately Rs 61.68 crore of the proceeds toward capital expenditure for purchasing machinery at its Ludhiana facilities. The company reported revenue of Rs 122.03 crore in FY26, up from Rs 112.42 crore in FY25.

  • Net Profit FY26: Rs 13.87 crore
  • Net Profit FY25: Rs 6.73 crore
  • Upper Price Band P/E Multiple: 16.84 times
  • Post-Issue Market Capitalization: Rs 233.67 crore

The tentative listing is set for October 9, 2026, on the BSE SME platform following the share allotment and refund completion on October 7 and October 8.

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