About Paramount Syntex
Textiles
The company was incorporated in 1996 and operates manufacturing facilities at Mangarh, Kohara in Ludhiana, Punjab. Its manufacturing processes include fibre processing, tow dyeing, hank dyeing, spinning, bulking, twisting and packing. The company also processes domestic and imported waste acrylic fibre into value-added yarn. Its products serve knitwear, winter apparel, blankets, home furnishings, accessories and industrial textile applications. As of March 31, 2026, the company had 355 permanent employees.
IPO_DETAILS_LONG: Paramount Syntex IPO is a BSE SME book-building issue of 64,40,000 equity shares of face value ₹10 each at a price band of ₹119 to ₹127 per share. The total issue size is up to ₹81.79 Cr and consists entirely of a fresh issue with no OFS. Of the total issue, 3,23,000 shares are reserved for the market maker and the net issue comprises 61,17,000 shares. The IPO opens on September 30, 2026 and closes on October 6, 2026. Allotment is scheduled for October 7, refund and demat credit for October 8, and listing on BSE SME is scheduled for October 9, 2026. The company proposes to use ₹61.68 Cr of the proceeds for purchase of machinery at its existing facilities and the balance for general corporate purposes.