Paramount Syntex Ltd IPO
Textiles
Price Band
₹119 – ₹127
Lot Size
1000
Minimum Bid Quantity
2000
Minimum Investment
₹254000
Issue Size
₹81.79Cr
Opens
2026-09-30
Closes
2026-10-06
Listing
09-10-2026
Subscription Status
Qualified Institutional Buyers
119.29 x
Non-Institutional Investor
0.18 x
Retail Individual Investor
1.1 x
Total
1.83 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE0TBC01014
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Paramount Syntex Limited is engaged in the manufacturing of synthetic fibres, yarns and textile products, which are primarily supplied to the textile industry. Its product portfolio includes acrylic, polyester, wool and nylon yarns, blended yarns, acrylic fibres, acrylic tow and waste, modified polyester yarn, acrylic cloth and knitted cloth. The company also manufactures recycled synthetic fibre using waste fibre sourced from domestic suppliers and imports, primarily from Thailand. The company has in-house facilities for fibre processing, tow dyeing, hank dyeing, spinning, bulking and packing. Its manufacturing process covers stages including raw material processing, blending, spinning, winding, dyeing, and packaging. Paramount Syntex operates two factory units at Ludhiana, Punjab, with a combined factory land area of about 7,268.73 square yards. Its registered office is located in Mumbai, Maharashtra.
Pros
- • Paramount Syntex claims to have vertically integrated manufacturing operations, with in-house facilities for fibre processing, tow dyeing, hank dyeing, spinning, bulking, and packing. This reduces its dependence on external processing across several key stages of production.
- • The company has a diversified product portfolio comprising acrylic, polyester, wool, nylon and blended yarns, along with synthetic fibres and fabric/textile products. Its products cater to applications including apparel, knitwear, home furnishings and other textile products.
- • Paramount Syntex manufactures recycled synthetic fibre from waste generated by virgin synthetic fibre manufacturers. The raw material is sourced domestically as well as internationally and is processed into recycled fibre used to manufacture yarns for products such as sweaters, caps, gloves, mufflers and socks.
Cons
- • Paramount Syntex derives its entire revenue from a single business segment of manufacturing and trading fibre, yarn, and knitted cloth. This segment accounted for 100% of its revenue from operations in FY26, exposing the company to issues related to changes in demand, competition, raw material prices, and other developments affecting this segment.
- • The company, its subsidiaries, promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases cou ki ld be detrimental to the company’s business prospects.
- • The company’s top 10 customers accounted for Rs 66.88 crore, Rs 61.75 crore, and Rs 62.50 crore, representing 54.81%, 54.93%, and 67.36% of sales in FY26, FY25, and FY24, respectively. The company does not have long-term agreements with these customers, and the loss of major customers or a reduction in their orders could affect its revenue and profitability.
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