Paramount Syntex IPO closed its third day of subscription with an overall demand of 1.35x, driven entirely by robust institutional participation. Qualified Institutional Buyers subscribed to the issue at 119.29x, while retail and non-institutional categories saw minimal uptake.

Subscription Status

The issue witnessed a steady pace over the three-day window, with the total subscription holding steady at 1.35x from Day 2 through Day 3. The primary catalyst for the overall oversubscription remains the overwhelming interest from the QIB category.

Category-wise Breakdown

The disparity between institutional and retail demand is stark. While QIBs bid for nearly 120 times the available shares, the Retail category ended Day 3 with a subscription of just 0.10x. Non-Institutional Buyers also showed limited interest, with big HNIs subscribing at 0.02x and small HNIs at 0.01x. Employee bids stood at 0x.

Intra-day Timeline on 02-10-2026

The final day of subscription saw no significant movement in the aggregate figures compared to the previous day's close, indicating that most institutional bids were likely placed early in the subscription period.

Offer Details

The Paramount Syntex IPO opened for subscription on September 30, 2026, and closes on October 6, 2026. The price band has been set between ₹119.00000 and ₹127.00000 per share. The minimum bid quantity is 2000 shares.

• Price Band: ₹119.00000 - ₹127.00000
• Issue Size: ₹238000 crore - ₹500000 crore
• Minimum Bid Qty: 2000 shares
• Opening Date: 2026-09-30 10:00:00
• Closing Date: 2026-10-06 16:00:00

About the Company

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. It processes recycled acrylic fibre sourced domestically and from Thailand. The management team brings over 30 years of industry experience. The company holds ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, and GMP certifications.

Financial Highlights

The company reported total revenues of ₹12,202.99 lakhs in FY2025-26. Below are the key financial metrics for the last three fiscal years:

Objects of the Issue

The company intends to utilize the net proceeds from the issue for the following purposes:

• Funding of Capital Expenditure: Purchase of plant and machinery including spinning machines, dyeing equipment, boilers, humidification systems, and related infrastructure at existing Ludhiana facilities to expand production capacity and improve operational efficiency.
• General Corporate Purposes: Deployment towards 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.

Risk Factors

Key risks disclosed in the offer documents include:

• Single Business Segment Dependency: The company derives 100% of its revenue from manufacturing and trading of fiber, yarn, and knitted cloth.
• High Customer and Supplier Concentration: Top 10 customers contributed approximately 54.81% of total sales in FY 2025-26, while top 10 suppliers accounted for 62.61% of raw material purchases, without long-term agreements.
• High Trade Receivables and Liquidity Strain: Trade receivables increased significantly, lengthening the cash conversion cycle. Short-term borrowings stood at ₹2,769.69 lakhs as of March 31, 2026.
• Negative Cash Flows: The company recorded negative cash flows from operating activities in FY 2024-25 and FY 2023-24.
• Sole Manufacturing Facility: All operations are concentrated at a single facility in Ludhiana, Punjab, increasing exposure to operational disruptions.

Paramount Syntex IPO closed its third day of subscription with an overall demand of 1.35x, driven entirely by robust institutional participation. Qualified Institutional Buyers subscribed to the issue at 119.29x, while retail and non-institutional categories saw minimal uptake.

Subscription Status

The issue witnessed a steady pace over the three-day window, with the total subscription holding steady at 1.35x from Day 2 through Day 3. The primary catalyst for the overall oversubscription remains the overwhelming interest from the QIB category.

Category-wise Breakdown

The disparity between institutional and retail demand is stark. While QIBs bid for nearly 120 times the available shares, the Retail category ended Day 3 with a subscription of just 0.10x. Non-Institutional Buyers also showed limited interest, with big HNIs subscribing at 0.02x and small HNIs at 0.01x. Employee bids stood at 0x.

Intra-day Timeline on 01-10-2026

Offer Details

The Paramount Syntex IPO opened for subscription on September 30, 2026, and closes on October 6, 2026. The price band has been set between ₹119.00000 and ₹127.00000 per share. The minimum bid quantity is 2000 shares.

• Price Band: ₹119.00000 - ₹127.00000
• Issue Size: ₹238000 crore - ₹500000 crore
• Minimum Bid Qty: 2000 shares
• Opening Date: 2026-09-30 10:00:00
• Closing Date: 2026-10-06 16:00:00

About the Company

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. It processes recycled acrylic fibre sourced domestically and from Thailand. The management team brings over 30 years of industry experience. The company holds ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, and GMP certifications.

Financial Highlights

The company reported total revenues of ₹12,202.99 lakhs in FY2025-26. Below are the key financial metrics for the last three fiscal years:

Objects of the Issue

The company intends to utilize the net proceeds from the issue for the following purposes:

• Funding of Capital Expenditure: Purchase of plant and machinery including spinning machines, dyeing equipment, boilers, humidification systems, and related infrastructure at existing Ludhiana facilities to expand production capacity and improve operational efficiency.
• General Corporate Purposes: Deployment towards 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.

Risk Factors

Key risks disclosed in the offer documents include:

• Single Business Segment Dependency: The company derives 100% of its revenue from manufacturing and trading of fiber, yarn, and knitted cloth.
• High Customer and Supplier Concentration: Top 10 customers contributed approximately 54.81% of total sales in FY 2025-26, while top 10 suppliers accounted for 62.61% of raw material purchases, without long-term agreements.
• High Trade Receivables and Liquidity Strain: Trade receivables increased significantly, lengthening the cash conversion cycle. Short-term borrowings stood at ₹2,769.69 lakhs as of March 31, 2026.
• Negative Cash Flows: The company recorded negative cash flows from operating activities in FY 2024-25 and FY 2023-24.
• Sole Manufacturing Facility: All operations are concentrated at a single facility in Ludhiana, Punjab, increasing exposure to operational disruptions.