Overview
Updated 2 hr agoParamount Syntex Limited is an Indian textile company engaged in the manufacturing and trading of synthetic fibers, yarns, and knitted cloth. The company is launching its initial public offering (IPO) to raise funds for capital expenditure towards the purchase of machinery at its existing facilities and for general corporate purposes.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,27,000 |
| bNII (min) | 8 | 8,000 | ₹10,16,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 12 Nov, 18:33 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Textile |
| Price band | ₹119–127 |
| Final issue price | ₹127.00 |
| Face value | ₹10 per share |
| Lot size | 1,000 shares |
| Minimum investment | ₹1,27,000 |
| Issue size | ₹82.00 Cr |
| Market cap at upper band | ₹234 Cr |
| P/E at upper band | 11.0x |
| Registrar | BIGSHARE SERVICES PRIVATE LIMITED |
| Lead managers | Sobhagya Capital Options Private Limited |
| NSE symbol | PARASYNTEX |
| ISIN | INE0TBC01014 |
Shareholder quota and promoter holding
Company & business
Paramount Syntex Limited, formerly known as Paramount Syntex Private Limited, is a textile company based in Mumbai, Maharashtra, with manufacturing facilities in Ludhiana, Punjab. The company specializes in the production of high-quality synthetic yarns, including acrylic, polyester, and nylon yarns, as well as blended textiles. It utilizes a recycling-driven production model, converting waste synthetic fiber into value-added yarns. The company's operations are fully integrated, covering fiber processing, spinning, and dyeing. It serves a wide range of industries, including apparel, home textiles, and hosiery. The company is led by its promoters, Mr. Punit Arora and Mrs. Kumkum Arora, and has been in operation since 1996.
Objects of the issue — how the money will be used
- Funding of capital expenditure requirements towards purchase of machinery at existing facilities (₹61.68 Cr)
- General Corporate Purposes
Key strengths
- Experienced promoter and management team with over 30 years of industry experience.
- Fully integrated manufacturing setup providing end-to-end control.
- Focus on sustainable textile practices through recycling of waste synthetic fibers.
- Diverse product range catering to various textile industries.
- In-house quality control and research & development capabilities.
- ISO certified organization (ISO 9001:2015, ISO 45001:2018, ISO 14001:2015).
Key risks
- High geographical concentration of business in Punjab.
- Dependence on a single business segment (manufacturing and trading of fiber, yarns, and knitted cloth).
- Reliance on top ten customers and suppliers without long-term agreements.
- Negative cash flows from operating and investing activities in recent years.
- Outstanding litigation involving the company, promoters, and group entities.
- Dependence on a single manufacturing facility.
- Potential for non-compliance with statutory and regulatory requirements.
- High trade receivables straining liquidity.
Promoters
Mr. Punit Arora, Mrs. Kumkum Arora
Decoded from the RHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 92.78 | -- | 1.35 | 60.25 | 14.05 | 25.72 |
| FY25 | 112.42 | -- | 6.73 | 76.09 | 28.80 | 25.62 |
| FY26 | 122.03 | -- | 13.87 | 96.26 | 42.67 | 27.70 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Paramount Syntex this issue | 122.0 | 11.60 | 11.0x | 32.50 | 35.68 |
| Shiva Texyarn Limited | 340.5 | 7.50 | 23.4 | 6.74 | 111.22 |
| Sangam (India) Limited | 3,201.4 | 17.06 | 33.2 | 7.96 | 214.17 |
| Donear Industries Limited | 912.5 | 8.36 | 9.8 | 15.69 | 53.26 |
This issue is priced at 11.0x P/E against a peer median of 23.4x: a discount of 53%. A measurement, not a verdict.
Other Textile IPOs
Same sector, listed just before and after this one, with their listing-day change.
TNA SolutionsTNA · BSE · SME · Textile−16.0%9 Oct
Dudani RetailDUDANI · BSE · SME · Textile−13.8%5 Oct
Unitec FibresUNITEC · BSE · SME · Textile+3.0%30 Sep
Vivekanand CotspinVIVEKANAND · BSE · SME · Textile+7.8%28 Sep
Sonaselection IndiaSONA · BSE, NSE · Mainboard · Textile+8.5%24 Sep
Panchatv BharatPANCHATV · BSE · SME · Textile−12.5%18 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.