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Paramount Syntex IPO Subscribed 1.3 Times on Day 2; QIB Portion Soars to 119 Times
M
Moneycontrol•04-10-2026, 23:12
Paramount Syntex IPO Subscribed 1.3 Times on Day 2; QIB Portion Soars to 119 Times
- •Paramount Syntex's initial public offering was subscribed 1.35 times on the second day of bidding on the BSE SME platform.
- •The Rs 82-crore IPO received bids for 82.39 lakh equity shares against 61.17 lakh shares offered.
- •The qualified institutional buyers (QIB) portion was oversubscribed by an impressive 119.29 times.
- •Retail individual investors subscribed to 10% of their allocated portion, while non-institutional investors subscribed to 2%.
- •The IPO, which opened on September 30, will conclude on October 6, with a price band of Rs 119-127 per equity share.
Key Questions Answered
Paramount Syntex's initial public offering is worth Rs 82 crore and consists entirely of a fresh issue of up to 64.40 lakh shares, aggregating to Rs 81.79 crore. The company has set a price band of Rs 119 to Rs 127 per equity share.
On the second day of bidding at the BSE SME platform, Paramount Syntex's initial share sale was subscribed 1.35 times. The IPO received bids for 82.39 lakh equity shares against 61.17 lakh shares on offer.
On day two of bidding, the quota for qualified institutional buyers received a significant subscription of 119.29 times. Meanwhile, the portion for retail individual investors was subscribed 10 per cent, and the non-institutional investor portion saw a 2 per cent subscription.
