Paramount Syntex IPO
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Paramount Syntex IPO details
Schedule of Paramount Syntex
| Issue open date | 30 Sep 2026 |
| Issue close date | 06 Oct 2026 |
| UPI mandate deadline | 06 Oct 2026 (5 PM) |
| Allotment finalization | 07 Oct 2026 |
| Refund initiation | 08 Oct 2026 |
| Share credit | 08 Oct 2026 |
| Listing date | 09 Oct 2026 |
| Mandate end date | 21 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 05 Nov 2026 |
| Lock-in end date for anchor investors (remaining) | 04 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Paramount Syntex
Paramount Syntex is engaged in the manufacturing and trading of synthetic fibers, yarns, and knitted cloth, catering to the textile industry. The company generates revenue by selling its products in domestic markets, primarily within Punjab, as well as through export sales. Its key product offerings include acrylic wool yarns, polyester yarns, nylon yarns, blended fancy yarns, and recycled acrylic fibers. Operating from its manufacturing facilities located in Ludhiana, Punjab, the company conducts in-house fiber processing, tow dyeing, hank dyeing, spinning, bulking, twisting, and packing. A notable aspect of its business model involves recycling domestic and imported waste acrylic fibers to convert them into value-added yarns. The company serves diverse end user sectors, including apparel, home textiles, hosiery, fashion knitting, and industrial textiles. Its integrated manufacturing facility enables operational efficiency and complete control over product quality and processing workflows.
Financials of Paramount Syntex
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 81.79 |
| Fresh Issue – Proceeds go to the company | 81.79 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Funding of capital expenditure for machinery at existing facilities | 61.68(75.41%) |
| General Corporate Purposes | 20.11 (24.59%) |
Strengths
- Fully integrated in-house manufacturing setup.
- Eco-friendly recycling of waste acrylic into premium yarns.
- High capacity utilization averaging 70% to 83%.
- Strict end-to-end control over quality and delivery.
- Ample existing infrastructure for seamless expansion.
Risks
- Orders for 100% of proposed machinery remain unplaced.
- Project funding requirements are unappraised by any bank.
- Unhedged forex exposure risks machinery cost overruns.
- Machinery procurement delays could disrupt implementation.
- Heavy reliance on a single manufacturing facility in Punjab.