Paramount Syntex IPO: QIB Portion Subscribed 119 Times; Check GMP, Price Band, Listing Date & All

The Paramount Syntex IPO has seen an unusually strong response from institutional investors, putting the SME issue firmly on the radar of the market. While the overall issue has crossed the subscription threshold, the standout figure is the QIB book, which has attracted bids worth several times the shares available to institutional investors.

The Rs 81.79 crore IPO was subscribed 1.32 times by 10:29:59 AM on October 1, 2026, with investors bidding for around 80.56 lakh shares against 61.17 lakh shares on offer in the net issue.

Paramount Syntex IPO Subscription: QIB Portion Gets Massive Demand

The QIB portion has attracted exceptionally high demand. Excluding the anchor allocation, the category was subscribed 119.29 times in early Day 2 trading. Institutional investors had placed bids for around 78.73 lakh shares, compared with just 66,000 shares available for the category. In simple terms, QIBs have bid for more than 119 times the shares reserved for them.

At the upper IPO price of Rs 127 per share, the value of bids received from QIBs alone was close to Rs 100 crore. While strong institutional demand can improve sentiment around an IPO, it does not guarantee listing gains or future stock performance.

The final subscription picture will depend on how retail and non-institutional demand develops before the issue closes.

Paramount Syntex IPO Price, Lot Size And Investment

The company has fixed the IPO price band at Rs 119 to Rs 127 per share. The issue consists of up to 64.40 lakh fresh equity shares, with no offer-for-sale component.

Since the issue is entirely a fresh issue, the money raised, after applicable expenses, will go to Paramount Syntex rather than existing shareholders selling their shares. The IPO lot size is 2,000 shares. At the upper price band of Rs 127, investors applying for one lot would need to invest Rs 2.54 lakh.

Paramount Syntex IPO GMP

Paramount Syntex IPO has also been attracting attention in the unofficial grey market, where the reported Grey Market Premium (GMP) is around Rs 52 per share.

If this premium is added to the upper IPO price of Rs 127, the implied price comes to around Rs 179 per share. However, this is only an unofficial indication and should not be treated as a guaranteed listing price.

Paramount Syntex IPO Allotment And Listing Dates

The Paramount Syntex IPO opened on September 30 and will close on October 6, 2026. The basis of allotment is expected to be finalised on October 7. The shares are tentatively scheduled to list on the BSE SME platform on October 9, 2026, subject to completion of the allotment and other listing formalities.

With the issue already fully subscribed on Day 2 and institutional demand significantly exceeding the QIB quota, investors will now watch whether participation from retail and non-institutional investors picks up before the closing date.

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