In Progress
Valuation
Market Cap
₹233.67 Cr
P/E Ratio
10.95x
P/B Ratio
3.56x
Paramount Syntex Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Paramount Syntex Limited, incorporated in 1996 and headquartered in Mumbai, is a Ludhiana-based manufacturer of synthetic yarns and fibres, backed by over 30 years of combined promoter experience in textiles. It runs a fully integrated in-house facility - fibre processing, tow and hank dyeing, spinning, bulking and packing - at Village Mangarh, Ludhiana, with recent capacity utilisation of 70%-83%. Its range spans Acrylic, Polyester, Wool, Nylon and Blended Yarns, dyed high-bulk yarn and recycled acrylic fibres, with Acrylic/Wool Yarns contributing 60.58% of FY26 revenue. It recycles waste acrylic fibre sourced domestically and from Thailand and China, and holds ISO 9001, 14001 and 45001 certifications.
Lots & IPO Size
Paramount Syntex Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,000 | ₹2,54,000 |
| Ind (Max) | 2 | 2,000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,16,000 |
Market Maker
₹3.23 L
Employee
₹0.00
Shareholder
₹0.00
Paramount Syntex Size
Total
₹82 Cr
Fresh Issue
₹82 Cr
(0.64 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
Funding of capital expenditure requirements towards purchase of Machinery at existing facilities
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The company has certain outstanding litigation, including tax matters (Rs.528.92 lakhs) and a criminal complaint against its promoters, which could adversely affect its business and reputation.
Key Risk Factors
The company has certain outstanding litigation, including tax matters (Rs.528.92 lakhs) and a criminal complaint against its promoters, which could adversely affect its business and reputation.
The company's operations depend on a single manufacturing facility at Ludhiana, Punjab; any slowdown, breakdown or labour dispute there could materially affect production and financial results.
The company's revenue is entirely dependent on a single business segment - manufacturing and trading of fibre, yarn and knitted cloth - exposing it to demand, competition and raw material price risks.
The company's top 10 customers and top 10 suppliers accounted for 54.81% of sales and 62.61% of raw material purchases in FY26 respectively, with no long-term agreements in place.
Certain assumptions were made for historical data unavailable from 1996 to 2006 regarding capital structure and other corporate matters, which could affect the accuracy of RHP disclosures.
The company is yet to place orders for 100% of the plant and machinery proposed to be funded from the Issue; delays in procurement could increase costs and affect implementation.
The proposed fund deployment of up to Rs.6,167.71 lakhs for capital expenditure has not been appraised by any bank or financial institution, giving management significant deployment flexibility.
The company has had delays in statutory filings of GST, EPF, TDS and ESIC returns in the past, resulting in penalties; recurrence of such non-compliance could adversely affect its reputation.
The company had negative cash flows from operating and investing activities in FY25 and FY24; sustained negative cash flows could impact its growth and business operations.
The company had fully provided for Rs.679.20 lakhs of business advances that became doubtful of recovery in FY24, reflecting a past lapse in credit assessment and monitoring of counterparties.
Paramount Syntex IPO Details Live GMP
GMP
₹0
Est. Price
₹127
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 28 Sep | ₹0 (0%) | ₹127 |
Paramount Syntex Peer Comparison
(Rs. in crores)
| Particulars | Paramount Syntex | Shiva Texyarn | Sangam | Donear Industries |
|---|---|---|---|---|
| Revenue | 122.03 | 340.52 | 3,201.39 | 912.47 |
| PAT | 13.87 | 9.72 | 85.70 | 43.46 |
| EPS (₹) | 11.60 | 7.50 | 18.38 | 8.36 |
| NAV (₹) | 35.68 | 111.22 | 214.17 | 53.26 |
| RONW | 32.50% | 6.74% | 7.96% | 15.69% |
| EBITDA | 19.33% | 10.12% | 6.84% | 9.61% |
| PAT Mrgn | 11.36% | 2.86% | 2.68% | 4.76% |
| PE Ratio | 10.95 | 23.35 | 33.15 | 9.83 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 15, 2026 for Peers
Paramount Syntex IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 122.03 | 112.42 | 92.78 |
| Profit | 13.87 | 6.73 | 1.35 |
| Net Worth | 42.67 | 28.80 | 14.05 |
| Borrowings | 33.25 | 33.47 | 32.59 |
| Assets | 96.26 | 76.09 | 60.25 |
| NAV (₹) | 35.68 | 24.37 | 13.20 |
| EPS (₹) | 11.60 | 5.69 | 1.27 |
Key Performance Indicators (KPIs)
Debt to Equity
0.78
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Financial Margin Trends
Paramount Syntex IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 122.03 | 112.42 | 92.78 |
| Other Income | 0.48 | 0.31 | 0.17 |
| Total Income | 122.51 | 112.72 | 92.94 |
| Materials Consumed | 104.51 | 94.23 | 83.83 |
| Changes in Inventories | -13.03 | -1.17 | -12.48 |
| Employee Expense | 3.65 | 3.21 | 3.06 |
| Finance Costs | 3.00 | 2.77 | 2.73 |
| Depreciation | 2.06 | 1.61 | 1.70 |
| Other Expenses | 3.17 | 2.90 | 8.88 |
| Total Expenses | 103.37 | 103.54 | 87.72 |
| Profit Before Tax | 19.15 | 9.18 | 5.22 |
| Tax Expense | 5.28 | 2.45 | 3.88 |
| Profit After Tax | 13.87 | 6.73 | 1.35 |
| EPS — Basic (₹) | 11.60 | 5.69 | 1.27 |
| EPS — Diluted (₹) | 11.60 | 5.69 | 1.27 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 11.96 | 11.96 | 10.64 |
| Reserves & Surplus | 30.71 | 16.84 | 3.40 |
| Total Equity | 42.67 | 28.80 | 14.05 |
| Total Borrowings | 33.25 | 33.47 | 32.59 |
| Trade Payables | 9.58 | 7.69 | 8.58 |
| Short-Term Provisions | 8.00 | 4.52 | 2.96 |
| Other Liabilities | 2.77 | 1.60 | 2.07 |
| Total Equity & Liab | 96.26 | 76.09 | 60.25 |
| Fixed Assets | 13.29 | 12.49 | 9.87 |
| Inventories | 41.34 | 36.55 | 33.85 |
| Short-Term Loans & Adv | 13.04 | 3.60 | 0.70 |
| Trade Receivables | 25.40 | 21.14 | 12.61 |
| Cash & Bank Balances | 0.31 | 0.29 | 1.05 |
| Other Assets | 2.89 | 2.02 | 2.17 |
| Total Assets | 96.26 | 76.09 | 60.25 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | 5.90 | -2.57 | -0.74 |
| Cash Flow from Investing Activities | -2.87 | -4.41 | -0.92 |
| Cash Flow from Financing Activities | -3.01 | 6.22 | 1.55 |
| Net Change in Cash & Equivalents | 0.02 | -0.76 | -0.11 |
| Cash & Equivalents at End of Period | 0.31 | 0.29 | 1.05 |
Promoter Holding
Promoter
91.74%
Public
8.26%
Punit Arora
88.51%
Kumkum Arora
3.23%
Ranjana Arora
0.00%
Management
Punit Arora
Age: 47
CMD
Remuneration
₹Up to ₹1.00 Cr p.a. (contractual cap w.e.f. July 19, 2024)
Education
Higher Secondary Education (Tolani College, Mumbai)
Prior Experience
18 years in textile industry; on Board since 2008; oversees Production & Marketing.
Kumkum Arora
Age: 45
WTD
Remuneration
₹Up to ₹1.00 Cr p.a. (contractual cap w.e.f. July 19, 2024)
Education
B.A. (General), Khalsa College for Women, Ludhiana (2011)
Prior Experience
12 years in textile industry; on Board since 2020; heads HR & Store Purchase functions.
Sharad Kumar Srivastava
Age: 67
CFO
Remuneration
₹₹9.76 Lakhs (FY 2025-26, actual paid)
Education
B.A., Punjab University (1980); ICWAI Intermediate Group 1
Prior Experience
29+ years in Finance; on Board since 2016; oversees financial operations as Executive Director & CFO.
Registrar & Lead Managers
Registrar
Bigshare Services
Lead Managers (1)
Company Details
Name: Paramount Syntex Limited
Address: 32, Floor-3, Plot 196/198, Bhagwan Bhuwan, Hazrat Abbas Road, Samuel Street, Vadgadi Masjid, Chinchbunder, Princess Dock, Mumbai - 400009, Maharashtra, India
Number: +011 161 230 9305
Email: paramountsyntexp@gmail.com
Website: https://paramountsyntex.com
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Frequently Asked Questions (FAQs)
What is Paramount Syntex?
Paramount Syntex is a SME IPO having an issue size of
₹82 Crs.
Paramount Syntex is priced at
₹119 - ₹127 per
share.
The
issue opens on 30 Sep 26
and
closes on 06 Oct 26.
When will Paramount Syntex open?
Paramount Syntex opens on
30 Sep 26 and closes on
06 Oct 26.
What is the GMP of Paramount Syntex?
The estimated Grey Market Premium of Paramount Syntex is
₹0 per share (0.00%).
What is the lot size of Paramount Syntex?
The minimum lot size of Paramount Syntex is
1000 shares & the minimum application amount
is
Rs.
127000.
When is the allotment of Paramount Syntex?
The allotment date of Paramount Syntex is
07 Oct 26.
What is the listing date of Paramount Syntex?
The listing date of Paramount Syntex is
09 Oct 26.
What is the subscription of Paramount Syntex?
Paramount Syntex is subscribed
-.
What is the price band of Paramount Syntex?
Paramount Syntex is priced at
₹119 - ₹127 per
share.
How to check allotment status of Paramount Syntex?
Click the allotment link on Paramount Syntex page of IPO360.
How to apply Paramount Syntex in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Paramount Syntex in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Paramount Syntex using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Paramount Syntex from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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