Paramount Syntex Limited IPO
Listed 09 Oct 2026, 1.83× subscribed, on the SME platform.
What the filing says
Arithmetic on the offer document and exchange data.
The disclosed numbers are strong — 4 of 6 signals read positive
- Positive: Out-earns its peersReturn on net worth of 32.5% against a peer median of 23.4%
- Neutral: Steady revenue growthRevenue compounding at 14.7%
- Neutral: Profit growth outpaces salesPAT up 220.8% a year against revenue at 14.7% — check whether that is operating leverage or a one-off before extrapolating it
- Positive: High return on equityROE of 32.5%
- Positive: Conservative balance sheetDebt/equity of 0.78×
- Positive: Institutions bid heavilyQIB portion subscribed 119.29×
Describes the offering as disclosed, pulled toward neutral for gaps; not a listing-price forecast or advice to apply.
Dates
Issuer's timetable, IST.
- 30 SeptBidding opens
- 6 OctBidding closesRetail UPI mandates by 5 pm IST
- 7 OctAllotmentStatus from BIGSHARE SERVICES PRIVATE LIMITED
- 9 OctListingSME platform
- 30 SeptBidding opens
- 6 OctBidding closesRetail UPI mandates by 5 pm IST
- 7 OctAllotmentStatus from BIGSHARE SERVICES PRIVATE LIMITED
- 9 OctListingSME platform
Demand and allotment odds
Times subscribed by investor category, one shared scale
- InstitutionsQIB119×
- Non-institutionalNII0.18×
- Above ₹10 lakhbNII0.19×
- ₹2–10 lakhsNII0.21×
- RetailRII1.10×
Max 119×, log scale; tick = 1× (fully subscribed). 1,755 applications.
How this is worked out
Retail is 1.1× subscribed. Allotment is a lottery on the minimum application, so roughly 1 in 1.1 applications gets one. Bidding for extra lots does not improve these odds.
How this is worked out
The HNI portion is under-subscribed at 0.18×, so applications should be allotted in full.
From SEBI allotment rules. Retail is a lottery on the minimum (2 lots); more lots do not raise the odds.
The offering
Terms, and valuation at the upper band.
Terms
- Price band
- ₹119 – ₹127
- Face value
- ₹10.00
- Lot size
- 1,000 shares
- Minimum application
- ₹2,54,0002 lots at the upper band
- Total issue size
- —
- Anchor investors
- None
- Registrar
- BIGSHARE SERVICES PRIVATE LIMITED
- Lead managers
- Sobhagya Capital Options Private Limited
- ISIN
- INE0TBC01014
Company and valuation
- P/E at upper band
- —
- Return on equity
- 32.50%
- Debt to equity
- 0.78×
- ROCE, latest period
- 29.18%
- RoNW, latest period
- 32.50%
- PAT Margin, latest period
- 11.36%
- EBITDA Margin, latest period
- 19.33%
- NAV, latest period
- 15.96
- P/B (x), latest period
- 7.96
“Latest period” rows can be a part year, so ratios there may read low.
Who gets what
Split by investor category, and minimum bids.
- QIB1.0%
- NII (HNI)46.8%
- Retail47.1%
- Market Maker5.0%
| Category | Shares | Share of issue |
|---|---|---|
| QIB | 66,000 | 1.02% |
| NII (HNI) | 30,15,000 | 46.82% |
| bNII > ₹10L | 20,10,000 | 31.21% |
| sNII < ₹10L | 10,05,000 | 15.61% |
| Retail | 30,36,000 | 47.14% |
| Market Maker | 3,23,000 | 5.02% |
Total issue 64,40,000 shares. Indented rows sit inside the row above.
What each category may bid
- Individual investors (IND) (Min)
- ₹2,54,0002 lots, 2,000 shares
- Individual investors (IND) (Max)
- ₹2,54,0002 lots, 2,000 shares
- S-HNI (Min)
- ₹3,81,0003 lots, 3,000 shares
- S-HNI (Max)
- ₹8,89,0007 lots, 7,000 shares
- B-HNI (Min)
- ₹10,16,0008 lots, 8,000 shares
Small-HNI minimum is several lots, not one.
What the money is for
Stated use of net proceeds, ₹ Cr.
- CapexFunding of capital expenditure requirements of our Company towards…₹61.68 Cr
- General purposesGeneral corporate purposes—
Unstated amounts (general purposes) mean the rows do not sum to the issue.
Financials
Restated, ₹ crore.
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 92.779 | 16.567 | 1.347 | 14.047 | 32.58 |
| 2025 | 112.418 | 13.673 | 6.728 | 28.8 | 33.471 |
| 2026 | 122.03 | 24.13 | 13.868 | 42.668 | 33.248 |
— = not printed.
How the issuer compares
Peers named by the issuer itself.
| Company | EPS (₹) | P/E | NAV (₹) | RoNW |
|---|---|---|---|---|
| Paramount Syntex Limitedthis issue | 11.60 | — | 35.68 | 32.50% |
| Shiva Texyarn Limited | 175.15 | 7.5× | 111.22 | 23.35% |
| Sangam (India) Limited | 565.60 | 17.1× | 214.17 | 33.15% |
| Donear Industries Limited | 82.15 | 8.4× | 53.26 | 15.69% |
The offer document prints no P/E for the issuer; figures are pre-listing.
Risks worth reading
Ranked by severity.
mediumThe Company is subject to outstanding litigation, including 9 taxation matters and 15 taxation matters against group entities, with a total amount involved of Rs 5,595.87 lakhs (Rs 55,958.7 lakh). An adverse outcome may adversely affect the business, reputation, and results of operations.
mediumThe Company is dependent on a single manufacturing facility located at Village-Mangarh, Machiwara Road, Kohara, Ludhiana, Punjab, India. Any slowdown, shutdown, or malfunction of this facility, or adverse developments at the location, may adversely affect the business, financial condition, and…
mediumMajority of the Company's revenue (100% for the period ended March 31, 2026) is dependent on a single business segment: manufacturing and trading of fiber, yarns, and knitted cloth. Any adverse impact on sales of these products would adversely affect operations and profitability.
mediumThe Company's business is significantly dependent on its top 10 customers, who contributed approximately 54.81% of total sales for the year ended March 31, 2026, and top 10 suppliers, who accounted for approximately 62.61% of total raw material purchases for the same period. The loss of a key…
Positives the filing discloses (1)
- Healthy return on equity
ROE of 32.5%.
What happened to comparable issues
Last 8 listings, most comparable first. Context, not a forecast.
| Issue | Subscribed | Listing gain | Listing gain bar |
|---|---|---|---|
| Vedant Poly Fabs Limited | 1.9× | unchanged 0.0% | |
| Maxwell Engineering Solutions Limited | 491× | up +90.0% | |
| HGS (India) Limited | 231× | up +33.3% | |
| Ravita Engineering Services Limited | 6.7× | unchanged 0.0% | |
| Vaibhav Vyapaar Limited | 3.1× | down minus 2.0% | |
| R.K. Fashion Accessories Limited | 2.6× | down minus 2.4% | |
| Eventions Limited | 2.3× | down minus 5.9% | |
| Papadmalji Agro Foods Limited | 2.5× | up +0.4% |
Different companies at different prices. Bars share one scale (full = 90%).
Offer documents
Primary sources.
- PROSPECTUS30 Sept 2026AnalysisPDF (opens SEBI site in a new tab)
Common questions
How many times is the Paramount Syntex Limited IPO subscribed?
Paramount Syntex Limited is subscribed 1.83× overall (QIB 119.29×, NII 0.18×, retail 1.10×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, BIGSHARE SERVICES PRIVATE LIMITED.
What is the minimum investment in the Paramount Syntex Limited IPO?
One lot is 1,000 shares, so a retail application at the ₹127 cut-off price blocks ₹1,27,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Paramount Syntex Limited IPO?
The retail portion is subscribed 1.10×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 1. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Paramount Syntex Limited IPO allotment date?
Allotment is scheduled for 2026-10-07, with listing on 2026-10-09. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, BIGSHARE SERVICES PRIVATE LIMITED.
Source: offer document, NSE and BSE bidding data; allotment basis from the registrar. Grey-market premium is unofficial. For information only, not investment advice: consult a SEBI-registered adviser before applying.