Paramount Syntex IPO Fully Subscribed On Day 2; QIB Portion Booked 119.29 Times
Mumbai: Paramount Syntex Limited’s Rs.81.79 crore SME IPO was fully subscribed on the second day of bidding, driven by strong demand from qualified institutional buyers (QIBs). The issue will remain open for subscription until October 6, 2026. On October 1, the IPO was subscribed 1.32 times overall, receiving bids for about 80.56 lakh shares against 61.17 lakh shares available in the net issue.…
Mumbai witnessed a surge in demand for Paramount Syntex Limited's SME IPO, following a successful full subscription within the first two days of bidding. The Rs.81.79 crore issue attracted a significant appetite from qualified institutional buyers (QIBs), with QIB demand for the ex-anchor portion reaching an impressive 119.29 times.
The IPO's price band was set between Rs.119 and Rs.127 per equity share, with its grey market premium at around Rs.52 per share. The shares are currently proposed for listing on the BSE SME platform, with funds earmarked for machinery acquisition.
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