Paramount Syntex IPO

SME • BSE SME • Fresh capital only

LISTEDSMEBSE SME

Paramount Syntex

Price band

₹119 – ₹127

Lot size

1000 shares

Min investment

₹1,27,000

Issue size

₹81.79 Cr

About the company

Paramount Syntex Ltd was started in 1996. It makes synthetic fibres, dyed fibres and yarns, covering acrylic, polyester, wool, nylon and blended yarns. Its manufacturing units are at Village Mangarh on Machiwara Road, Kohara, in Ludhiana, Punjab, across about 7,268.73 square yards. The setup is fully integrated, covering fibre processing, tow dyeing, hank dyeing, spinning, bulking and packing, supported by an in-house research and quality control team. It also makes recycled acrylic fibre from waste material sourced in India and abroad, which cuts raw material cost and reduces waste. It supplies yarns and fibres to textile and apparel makers across India and holds ISO 9001:2015 and ISO 14001:2015 certification.

Paramount Syntex Ltd manufactures synthetic and dyed fibres and acrylic, polyester, wool, nylon and blended yarns in Ludhiana, with a fully integrated setup covering fibre processing, dyeing, spinning and bulking. It also makes recycled acrylic fibre from waste material.

IPO details

Issue price: ₹127
Price band: ₹119 – ₹127
Face value: ₹10
Lot size: 1000
Min investment: ₹1,27,000
Issue size: ₹81.79 Cr
Sale type: Fresh capital only
Listing on: BSE SME
BSE scrip code: 8018
NSE symbol: PARASYNTEX.BO

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	1,000	₹1,27,000
Retail (Max)	1	1,000	₹1,27,000
HNI (Min)	2	2,000	₹2,54,000

Investor reservation

CATEGORY	RESERVED
QIB	66,000 shares (1.08% of the Offer)
NII	30,15,000 shares (49.29% of the Offer)
Retail	30,36,000 shares (49.63% of the Offer)

Objects of the issue

1Funding of capital expenditure requirements of our Company towards purchase of Machinery at existing facilities61.68

2General Corporate Purposes

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	96.26	76.09	60.25
Total Income	122.51	112.72	92.94
Profit After Tax	13.87	6.73	1.35
EBITDA	23.59	13.17	9.45
NET Worth	42.67	28.80	14.05
Reserves and Surplus	30.71	16.84	3.40
Total Borrowing	33.25	33.47	32.59

Key performance indicators

P/E Ratio

16.84

EPS (₹)

7.54

RoE

32.50%

RoCE

29.18%

RoNW

32.50%

PAT Margin

11.36%

EBITDA Margin

19.33%

Debt / Equity

0.78

NAV (₹)

15.96

✓ Strengths

• Profit has grown about ten times in two years, from Rs 1.35 crore in FY2024 to Rs 6.73 crore in FY2025 and Rs 13.87 crore in FY2026.

• EBITDA has more than doubled over the same period, from Rs 9.45 crore to Rs 23.59 crore.

• Return ratios are strong, with RoNW of 32.50% and RoCE of 29.18%, and a PAT margin of 11.36%.

• The issue is priced at about 16.84 times earnings on an EPS of Rs 7.54.

• The setup is fully integrated from fibre processing and dyeing through spinning and bulking, which protects margin.

• Making recycled acrylic fibre from waste lowers raw material cost and meets growing buyer demand for recycled content.

• Most of the issue, Rs 61.68 crore of Rs 81.79 crore, goes into new machinery, which adds real capacity.

• It has a record of about 30 years, having started in 1996.

⚠ Risks

• Sales growth is slower than profit growth. Total income rose only 9% in FY2026, so much of the profit jump came from margin, which may not repeat.

• Borrowing has stayed around Rs 33 crore for three years and none of the issue money goes to repay it.

• Synthetic fibre prices follow crude oil and petrochemical feedstock, which the company does not control.

• Yarn is a competitive commodity market where buyers switch on price.

• All the manufacturing is in Ludhiana, so there is single location risk.

• Dyeing uses water and chemicals, which brings environmental compliance risk.

• Promoter holding will come down from 91.74% to 59.63% after the issue.

• This is an SME issue. One lot is 1,000 shares, which is about Rs 1.27 lakh at the upper band of Rs 127, and SME shares usually trade in low volume after listing.

Promoters & holding

Punit Arora and Kumkum Arora

Pre-issue promoter holding

91.74%

Post-issue promoter holding

59.63%

Promoters hold 91.74% before the issue and will hold 59.63% after it.

Data refreshed 09 Nov 2026, 05:00 am IST. GMP is unofficial market sentiment, not investment advice.