Paramount Syntex IPO Fully Subscribed On Day Two Driven By Strong QIB Demand
Mumbai, October 5, 2026: Paramount Syntex Limited received an encouraging response from investors for its Initial Public Offering (IPO), with the issue getting fully subscribed by the second day. Demand was particularly strong in the Qualified Institutional Buyers (QIB) category for the textile company’s Rs 81.79 crore Small and Medium Enterprise (SME) IPO, Paramount Syntex said in a press release.
According to market data recorded at 10:29:59 AM on October 1, 2026, the QIB category, excluding the portion reserved for anchor investors, was subscribed 119.29 times. Meanwhile, the Grey Market Premium (GMP) for the IPO was reported at approximately Rs 52 per share, though market observers note that the grey market premium is unofficial and subject to fluctuation.
Punit Arora, Chairman and Managing Director of Paramount Syntex Limited, expressed optimism regarding the market participation.
“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,” Arora said.
“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,” Arora added.
