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₹127 - 127 Amounts at the upper price band.
Paramount Syntex Ltd
TextilesIPOSME
₹127 - 127
Paramount Syntex Limited is engaged in the manufacturing of Synthetic Fibres and different kinds of yarns and textile products. The company's products are mainly supplied to the textile industry. With time, the company has kept improving its processes. The manufacturing process of the company is systematic and covers all key stages such as raw material selection, cleaning, drying, blending, spinning, winding, and quality checking. The company also has its own research team which works to improve the quality of products and meet the requirements of customers.
Lot1,000Min Invest₹2,54,000Face Value₹10Issue Size₹82 CrFresh Issue₹82 CrListing Price₹115CMP₹80
Timeline
30 Sept
Bidding opens
6 Oct
Bidding closes
7 Oct
Allotment
8-9 Oct
Refund & demat credit
9 Oct
Listing
Subscription · As of 7:52 PM, 6 Oct
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB119.3x66,00078.73 L99.99NII0.18x30.15 L5.39 L6.85Retail1.10x30.36 L33.44 L42.47Total1.83x64.40 L1.18 Cr149.68
Reports
Offer Details
Terms
Issue Size₹82 Cr0.64 Cr shares
Fresh Issue₹82 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 1.08% · NII 49.29% · RETAIL 49.63%
Application Sizes
Retail₹2,54,0001-1 lots
sNII₹2,54,000from 2 lots
bNII₹10,16,000from 8 lots
Managers & Registrar
Lead ManagerSobhagya Capital Options Pvt Ltd
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group88.51%57.53%Public11.49%42.47%
Objects of the Issue
- Funding of Capital Expenditure Requirement of the Company Towards Purchase of Machinery at Existing Facility
- General Corporate Purposes
- Funding of Capital Expenditure Requirement of the Company Towards Purchase of Machinery at Existing Facility
- General Corporate Purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 82 | 93 | 112 | 122 |
| Operating ProfitCr | 4 | 9 | 13 | 24 |
| OPM% | 5.0 | 10.2 | 11.8 | 19.4 |
| PBTCr | 0 | 5 | 9 | 19 |
| PATCr | 0 | 1 | 7 | 14 |
| EPS | 0 | 1 | 6 | 12 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 11 | 12 | 12 |
| ReservesCr | 12 | 3 | 17 | 31 |
| BorrowingsCr | 28 | 32 | 31 | 33 |
| Total AssetsCr | 43 | 60 | 76 | 96 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -10 | -1 | -3 | 6 |
| Investing Cash FlowCr | -1 | -1 | -4 | -3 |
| Financing Cash FlowCr | 9 | 2 | 6 | -3 |
| Net Cash FlowCr | -2 | 0 | -1 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced Promoter and Management Team.
- Scalable Business Model.
- Wide and diverse range of product offerings.
- In-house manufacturing facility with equipped machines and processes. Further having in-house Quality Control and Research & Development facility.
Strategies · as stated in the DRHP
- Vertical Integration.
- Focus on Innovation.
- Customer-Centric Approach.
- Market Adaptability.
- Sustainable Practices.
Risks · as stated in the DRHP
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company's business, reputation and results of operations.
- The company's business is dependent and will continue to depends on its manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company's manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.
- Majority of the company's revenue is dependent on single business segment i.e. manufacturing and trading of fiber, yarns and knitted cloth. Any adverse impact on sales of a product would adversely affect its operations and profitability.
- The top ten customers of the company's product and top ten suppliers for raw material contribute a substantial part of its total revenue and source of Raw Material. The company does not have long term agreement with the customer or supplier. The loss of any Customer or a decrease in the volume of order by any customer or any disruption in supply of raw material by any supplier may adversely affect its revenues and profitability.
- Certain assumptions have been made in the absence of historical data from 1996 to 2006; variations in Capital Structure and other factors could impact the accuracy of the RHP and affect Investment Decisions.
- The Company is yet to place orders for 100% of the plant & machineries for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries may delay the company's implementation schedule and may also lead to increase in price of these plant & machineries, further affecting its revenue and profitability.