| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 92.78 | 112.42 | 122.03 |
| Expenses | 87.72 | 103.54 | 103.37 |
| Other Income | 0.17 | 0.31 | 0.48 |
| Total Revenue | 92.94 | 112.72 | 122.51 |
| Profit Before Tax | 5.22 | 9.18 | 19.15 |
| Net Profit | 1.35 | 6.73 | 13.87 |
Paramount Syntex
Paramount Syntex IPO
₹2,38,000
1.04 xOver-subscribedBidding Dates 30 Sept, 26 -06 Oct, 26
Min Investment ₹2,38,000
Lot Size1,000
Price Range ₹119 – ₹127
Issue Size ₹81.79 Cr.
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IPO Subscription Details
Retail Subscription Details
0.01 x
Non-Institutional Buyers (sHNI)
0 x
Non-Institutional Buyers (bHNI)
0 x
Qualified Institutional Buyers (QIB)
95.44 x
Total1.04 x
1.04 x IPO Timeline
IPO Offer Start
30 Sept,26
IPO Offer Ends
06 Oct,26
Allotment Finalisation
07 Oct,26
Refund Initiation
08 Oct,26
Listing of Shares
09 Oct,26
IPO Analysis
Strengths
The company benefits from a combined 30 years of expertise in the textile industry, providing deep industry knowledge and a strong understanding of market dynamics.
The company operates in-house dyeing, spinning, bulking, and packing facilities, enabling greater control over production quality, efficiency, cost management, and faster turnaround times.
The company focuses on 100% acrylic fiber yarns and dyed fiber yarns, enabling it to cater to a wide range of customer needs and adapt to changing market demands in the designer knitting sector.
Risks
The company derives 100% of its revenue from a single business segment — manufacturing and trading of fiber, yarn, and knitted cloth — exposing it to risks including demand reduction, increased competition, raw material price fluctuations, and regulatory changes. Any adverse impact on this segment would directly and materially affect the company's operations and profitability.
The top 10 customers contributed approximately 54.81% of total sales (₹6,688.49 lakhs) in FY 2025-26, while the top 10 suppliers accounted for 62.61% of total raw material purchases. The absence of long-term agreements with these customers or suppliers exposes the company to significant revenue and supply chain disruption risks.
Trade receivables increased significantly from ₹1,260.75 lakhs in FY 2023-24 to ₹2,539.76 lakhs in FY 2025-26, lengthening the cash conversion cycle from 49 to 76 days. Short-term borrowings stood at ₹2,769.69 lakhs as of March 31, 2026, with finance costs of ₹300.47 lakhs in FY 2025-26, increasing reliance on external borrowings.
Objectives
The company intends to utilize net proceeds towards purchase of plant and machinery including spinning machines, dyeing equipment, boilers, humidification systems, and related infrastructure at its existing Ludhiana facilities to expand production capacity and improve operational efficiency.
The company proposes to deploy the balance proceeds towards general corporate purposes including business development initiatives, salaries, rent, administration costs, insurance premiums, repairs and maintenance, payment of taxes, and other ordinary course business expenses, subject to a cap of 15% of gross proceeds or lakhs whichever is lower.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 60.25 | 76.09 | 96.26 |
| Current Assets | 48.32 | 61.78 | 81.30 |
| Fixed Assets | 11.93 | 14.31 | 14.96 |
| Total Equity & Liabilities | 60.25 | 76.09 | 96.26 |
| Total Liabilities | 46.20 | 47.29 | 53.59 |
| Current Liabilities | 38.78 | 38.75 | 47.00 |
| Non Current Liabilities | 7.42 | 8.54 | 6.59 |
| Total Equity | 14.05 | 28.80 | 42.67 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -0.11 | -0.76 | 0.02 |
| Investing Activities | -0.92 | -4.41 | -2.87 |
| Operating Activities | -0.74 | -2.57 | 5.90 |
| Financing Activities | 1.55 | 6.22 | -3.01 |
About Paramount Syntex
Paramount Syntex Limited, incorporated in 1996 and converted to a public limited company in July 2024, is a Mumbai-registered textile manufacturer with factories in Ludhiana, Punjab. The company manufactures synthetic fibres, acrylic/polyester/nylon/blended yarns, and fabric products, supported by in-house dyeing, spinning, bulking, and packing facilities. It processes recycled acrylic fibre...more
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Managing DirectorPunit Arora
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