Paramount Syntex Initial Public Offering is a book-built issue of ₹81.79 crores. The issue is entirely a fresh issue of 64.40 lakh shares worth ₹81.79 crore.

Paramount Syntex Initial Public Offering has set the issue price band at ₹119 to ₹127 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual retail investor is ₹2,54,000 for 2,000 shares, based on the upper price band. The minimum lot size for high net-worth individual investors is 3 lots, or 3,000 shares, amounting to ₹3,81,000.

Sobhagya Capital Options Private Limited is the book-running lead manager, while Bigshare Services Private Limited is the registrar of the issue. The market maker of the company is MNM Stock Broking Private Limited.

About Paramount Syntex Limited

Paramount Syntex Limited was originally incorporated on March 8, 1996, as Paramount Syntex Private Limited under the Companies Act, 1956, with the Registrar of Companies, Mumbai. The company was subsequently converted into a public limited company pursuant to a special resolution passed at an Extra-Ordinary General Meeting held on May 23, 2024, and its name was changed to Paramount Syntex Limited, with a fresh certificate of incorporation issued on July 18, 2024. The company has its registered office in Mumbai, Maharashtra, while its manufacturing facilities are located at Village Mangarh, Machiwara Road, Kohara, Ludhiana, Punjab. The company is promoted by Mr. Punit Arora and Mrs. Kumkum Arora.

The company is engaged in the manufacturing of synthetic fibres, different types of yarns, and textile products, with its products primarily supplied to the textile industry. Its manufacturing process covers key stages including raw material selection, cleaning, drying, blending, spinning, winding, and quality checking. The company has an integrated manufacturing setup comprising facilities for fibre processing, tow dyeing, hank dyeing, yarn spinning, bulking, twisting, and packing. It also produces acrylic fibre from waste fibre sourced domestically and internationally, including from Thailand and Shanghai, China.

The company's product portfolio includes acrylic yarns, polyester yarns, wool yarns, nylon yarns, dyed acrylic high bulk yarn, blended yarns, and modified polyester yarn. It also manufactures and sells acrylic cloth and knitted cloth. Its products cater to applications across apparel, home textiles, hosiery, fashion knitting, and industrial textiles. The company also undertakes trading activities alongside its manufacturing operations. For the financial year 2025-26, acrylic and wool yarns accounted for 60.58% of total sales, followed by acrylic and knitted cloth at 16.11%, polyester yarn at 6.62%, raw wool and raw waste at 4.80%, tow and fibre at 4.17%, and nylon yarn at 3.05%.

The company follows a recycling-oriented manufacturing model by processing waste acrylic fibres into value-added fibres and yarns, thereby supporting the production of recycled acrylic fibre, high bulk acrylic yarns, and blended yarns. As of March 31, 2026, the company has 355 permanent employees.

Industry Outlook

The Indian textiles and apparel market is projected to grow at a 10% CAGR to reach US$350 billion by 2030. India is also the world’s third-largest exporter of textiles and apparel, with textile and apparel exports expected to reach US$100 billion.

The textile and apparel industry remains a significant contributor to the Indian economy, accounting for 2.3% of India’s GDP, 13% of industrial production, and 12% of exports. The RHP states that the sector’s contribution to GDP is expected to increase to approximately 5% by the end of the decade.

Global demand is expected to support the industry’s expansion, with the global apparel market projected to grow at around 8% CAGR to US$2.37 trillion by 2030, while global textile and apparel trade is expected to grow at 4% CAGR to US$1.2 trillion by 2030.

India has a diversified fibre and yarn manufacturing base covering both natural and synthetic/man-made fibres, including polyester, viscose, nylon, and acrylic. In 2022-23, India produced 2.15 million tonnes of fibre and 5,185 million kg of yarn, providing a broad manufacturing ecosystem for yarn and textile producers.

Demand from downstream textile segments is also expected to expand. The Indian home textile industry is projected to grow at a CAGR of 8.9% during 2023-32, reaching US$23.32 billion by 2032 from US$10.78 billion in 2023. The Indian technical textiles market is also expected to grow at around 10%, with India ranked as the fifth-largest technical textiles market globally.

India’s export opportunity remains significant, with textile exports, including handicrafts, at US$35.9 billion in FY2024. In FY2025, textile exports during April-June stood at US$9.17 billion, while the RHP cites a projected 9-11% revenue growth for Indian apparel exporters in FY2025, supported by improving retail inventories and a shift in global sourcing towards India.

Government initiatives are supporting capacity expansion and technology adoption in the sector. For FY2025-26, the Ministry of Textiles’ allocation increased by 19% to ₹5,272 crore, while ₹1,148 crore was allocated to the Production Linked Incentive Scheme and ₹635 crore to the Amended Technology Upgradation Fund Scheme. The government has also sanctioned seven PM Mega Integrated Textile Region and Apparel Parks, involving an investment of ₹4,445 crore through 2027-28.

Paramount Syntex IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Funding of the Company’s capital expenditure requirements for the purchase of machinery at existing facilities.
• Towards general corporate expenses.

Financial Performance of Paramount Syntex Limited

Paramount Syntex Limited Peer Details Comparison