Paramount Syntex IPO Receives Strong Investor Support
Mumbai (Anil Bedag): Paramount Syntex Limited, a company operating in the textile industry, has received an encouraging response from investors for its Initial Public Offering (IPO). The company’s ₹81.79 crore Small and Medium Enterprise (SME) IPO was fully subscribed by the second day of the issue, with particularly strong demand from the Qualified Institutional Buyers (QIB) category.
According to data available as of 10:29:59 AM on October 1, 2026, the QIB category, excluding the portion reserved for anchor investors, recorded an impressive subscription of 119.29 times. Meanwhile, the IPO’s Grey Market Premium (GMP) was reported at approximately ₹52 per share. However, the grey market premium is unofficial and may fluctuate.
Commenting on the response to the IPO, Mr. Punit Arora, Chairman and Managing Director of Paramount Syntex Limited, said, “We are encouraged by the positive response to our IPO and the confidence investors have shown in Paramount Syntex. Over the years, we have developed a diversified product portfolio across acrylic, wool-blended and other specialty yarns, while strengthening our capabilities across multiple stages of the manufacturing process.
Our focus has consistently remained on maintaining product quality, building strong customer relationships and responding to the evolving needs of the textile industry. We believe that, building on this strong foundation, we have significant growth opportunities ahead and can further strengthen our presence in the markets we serve.”
