The Paramount Syntex IPO’s QIB portion, excluding anchor investors, was subscribed 119.29 times in a snapshot dated October 1, 2026, at 5 p.m. IST—not a final subscription result. The reported price band is ₹119–₹127 per share. Bidding is scheduled to close October 6, with allotment and listing scheduled for October 7 and October 9, respectively. A reported ₹0 grey market premium (GMP) is dated September 29 and is unofficial.
Paramount Syntex IPO at a glance
| Detail | Reported information |
|---|---|
| Issue type and venue | Book-building fresh issue for BSE SME, as reported by Economic Times and Zerodha. |
| Price band | ₹119–₹127 per share, reported by Economic Times. |
| Bidding window | September 30–October 6, 2026, scheduled dates reported by Economic Times and Zerodha. |
| Allotment date | October 7, 2026, scheduled; the date had not yet occurred as of October 4, according to Economic Times and Zerodha. |
| Listing date | October 9, 2026, scheduled; the date had not yet occurred as of October 4, according to Economic Times and Zerodha. |
What the 119-times QIB figure means
The widely repeated 119-times headline refers to bids in the qualified institutional buyer (QIB) category excluding anchor investors. Economic Times reported 119.29x at 5 p.m. IST on October 1, 2026; Zerodha reported the same snapshot. It is a dated interim figure, not the final subscription total and not a measure of demand across every investor category.
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In that October 1 snapshot, the non-institutional investor (NII) portion was subscribed 0.02x and the retail portion 0.10x, while total subscription was 1.28x, according to Economic Times. These category multiples compare bids with the respective portions reserved for each category; they do not predict an individual applicant’s allotment or the share’s performance after listing.
Third-party reports do not agree on the whole-issue total: IPO Decode reported 0.47x on October 3, while Economic Times reported 1.28x for October 1. The later figure is not reconciled here to exchange data, so the two dated numbers should not be treated as a verified trend or substituted for an official final result.
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Paramount Syntex IPO GMP: what is known
Tapetide recorded a GMP of ₹0 on September 29, 2026. That is a dated, unofficial dealer-market indication, not an exchange-published listing price or a forecast. Zerodha also describes GMP as unofficial and unregulated. No reliable current GMP for October 4 is established by the cited information, so the September 29 observation should not be presented as today’s premium.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Issue structure and use of proceeds
The issuer’s draft prospectus describes a book-built public issue and outlines allocation categories for QIBs, NIIs and individual investors. The draft contains blank placeholders for price and final issue details, so it is not sufficient to confirm final offer terms; consult the final red herring prospectus or exchange notice for those details.
Business Standard reports that proceeds are intended for machinery capital expenditure at the existing facility and general corporate purposes. The allocation amounts should be checked against the final offer document before relying on them.
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What to check before applying
- Use the final offer document or an exchange notice to confirm issue terms and any details not settled in the issuer’s draft.
- Keep subscription figures tied to their source and timestamp; the October 1 category snapshot is not the closing tally.
- Do not use GMP as a substitute for company information or as a promised listing gain. It is unofficial and can change.
- If applying through a broker or demat account, verify the current application process with that provider. Submitting an application does not guarantee an allotment.
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