Paramount Syntex IPO
Paramount Syntex IPO is an SME IPO raising ₹82 Cr at ₹119 – ₹127 a share. It listed on 9 Oct 2026 at ₹115, −9.4% against its issue price of ₹127, and trades at ₹62 today (−51.1% since issue). It was subscribed 1.83× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs127 + OFS by subtraction from exchange total Rs82 Cr. Checked: exchange issue size Rs82 Cr vs derived Rs82 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 53% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Shiva Texyarn Limited | 23.35× | 6.74% | ₹7.5 |
| Sangam (India) Limited | 33.15× | 7.96% | ₹17.06 |
| Donear Industries Limited | 9.83× | 15.69% | ₹8.36 |
| This issue | 10.9× | 32.5% | ₹11.6 |
derived: cut-off price Rs127 / stated EPS Rs11.6 (FY2025-26 (year ended March 31, 2026) basic & diluted EPS, as per Restated Financial Statements, standalone). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.