This company listed within the last twelve months, so its prospectus is still the primary source. The figures below were extracted from the DRHP and RHP before listing and scored then, and they are shown here as they stand in the IPO record rather than restated.
Each flag is a fact read in the filing, shown with the context that makes it meaningful.
Stated objects, as worded in the offer document. Deployment against them is tracked separately.
Claims made in the offer document, to be read against what the company has reported since.
Incorporated in 1996 and based in Ludhiana, Punjab, Paramount Syntex Limited manufactures synthetic fibres, blended yarns, recycled acrylic fibres, acrylic wool yarns, polyester yarns, nylon yarns, and knitted cloth. The company operates an integrated manufacturing facility across 7,268.73 sq. yards in Village Mangarh, Ludhiana, with in-house fibre processing, tow dyeing, hank dyeing, spinning, bulking, and packing capabilities. The business model combines manufacturing of yarns and textiles with trading of synthetic fibres to optimize plant utilization and market demand. For FY26, revenue from operations reached Rs. 122.0299 crore with restated profit after tax of Rs. 13.8682 crore. The top 10 customers accounted for 54.81% of FY26 sales, and top 10 suppliers accounted for 62.61% of raw material purchases.
Fully integrated manufacturing facility with in-house dyeing and spinning capabilities in Ludhiana's textile hub, recycling-driven production model converting waste acrylic fibres into value-added yarns, ISO 9001/14001/45001/GMP quality certifications, and over 28 years of operating track record.
Paramount Syntex Limited is a Ludhiana-based manufacturer of synthetic fibres, yarns, and knitted cloth, specializing in recycled acrylic wool, polyester, nylon yarns, and sustainable textile products.
Source: p.149, 150, 162
The comparable set the company chose, which is itself a disclosure.
| Name | Margin | Pb | Pe | Roe | Listed on | Source |
|---|---|---|---|---|---|---|
| Shiva Texyarn Limited | 23.35 | 6.74 | mainboard | p.129, 130 | ||
| Sangam (India) Limited | 33.15 | 7.96 | mainboard | p.129, 130 |
As presented in the offer document. Post-listing figures are in the statements above.
| Basis | Period | Related party revenue cr | Pat cr | Pat margin | Revenue cr | Pat margin derived | Cff cr |
|---|---|---|---|---|---|---|---|
| standalone | FY26 | 0.0204 | 13.8682 | 11.36% | 122.0299 | yes | -3.0098 |
| standalone | FY25 | 2.2285 | 6.7283 | 5.99% | 112.4179 | yes | 6.2235 |
| standalone | FY24 | 1.9734 | 1.3472 | 1.45% | 92.7786 | yes | 1.5545 |
The measures this sector is actually judged on, as disclosed in the document. No feed supplies these.
Written before listing, answered from the document itself.
How are the fresh issue IPO proceeds allocated across machinery capital expenditure and general corporate purposes?
Fresh issue proceeds are allocated as: Rs. 61.6771 crore for funding capital expenditure requirements towards purchase of plant & machinery at existing Ludhiana manufacturing facilities, and the balance for General Corporate Purposes (capped at 15% of gross issue proceeds or Rs. 10.00 crore, whichever is lower).
p.85, 86, 123, 126
What is the promoters' shareholding pre-issue and their acquisition cost history?
Promoters Punit Arora and Kumkum Arora hold 91.74% pre-issue equity (10,971,678 shares out of 11,959,382 pre-issue shares). Promoter shareholding was expanded through a 30:1 bonus issue (10,300,500 shares) in March 2024 and preferential allotments at Rs. 61-200 per share, establishing a promoter weighted average cost of acquisition (WACA) of Rs. 60.99 per share for recent allotments.
p.71, 74, 135, 192
What are the key related-party transactions, capital advances, and promoter debt support?
Significant related-party transactions with promoter entities (KK Impex, Paraspin Impex Pvt Ltd, PSPL Dyers & Processors Pvt Ltd) include purchases of Rs. 1.8472 crore in FY26, trade advances given of Rs. 6.7129 crore to KK Impex, and advances of Rs. 3.4817 crore to Paraspin Impex. Key managerial remuneration to Whole-Time Director Kumkum Arora totaled Rs. 0.1200 crore in FY26. Promoters provided personal guarantees and collateral property mortgages for corporate credit facilities of Rs. 33.25 crore.
p.55, 56, 203, 204, 221
How did operating cash flow perform relative to restated net profits over FY24 to FY26?
Restated PAT expanded from Rs. 1.3472 crore in FY24 to Rs. 6.7283 crore in FY25 and Rs. 13.8682 crore in FY26. Operating Cash Flow (CFO) was negative in FY24 (-Rs. 0.7392 crore) and FY25 (-Rs. 2.5715 crore) due to working capital inventory absorption, before turning strongly positive at +Rs. 5.9016 crore in FY26.
p.25, 50, 51, 52, 161
What secretarial, statutory compliance, litigation, and tax findings exist for the company?
The company disclosed 9 tax cases against the company totaling Rs. 5.2892 crore and 15 tax cases against group entities totaling Rs. 50.6695 crore. Statutory filing delays of up to 449 days for RoC forms and administrative delays in GSTR-3B, EPF, and TDS deposits were reported. Historical RoC physical documents were missing. Statutory auditor M/s Aggarwal Pawan & Associates served continuously without auditor change.
p.20, 24, 25, 52, 223, 227, 248
What are the application lot terms, retail ticket requirements, market maker details, and exit constraints for public investors?
The offer is listed on BSE SME with a minimum retail application requirement of 2 lots (minimum application size above Rs. 2.00 lakhs). Trading occurs strictly in standardized market lots, and because lots are indivisible, partial exit or fractional lot trading is impossible. MNM Stock Broking Private Limited is the Market Maker with 323,000 reserved shares (5.02%) and a mandatory 3-year obligation period. Standard SME 5% price circuit limits apply.
p.1, 8, 48, 59, 71, 244
What the issue priced at, on the figures in the document.
How the book filled. A category that bid far above the rest is a different signal from a uniformly covered issue.
| Date | Name | Shares | Price per share | Category | Issue type | Source |
|---|---|---|---|---|---|---|
| 1996-03-08 | Promoters & Initial Subscribers to MOA | 200 | 10 | promoter | initial | p.72, 107 |
| 1997-03-31 | Existing Shareholders | 225150 | 10 | promoter | rights | p.72, 107 |
| 2013-03-25 | Private Placement Allottees | 48000 | 200 | financial investor | preferential | p.72, 107 |
| 2014-03-31 | Private Placement Allottees | 70000 | 200 | financial investor | preferential | p.72, 107 |
| 2024-03-07 | Existing Shareholders (Bonus 30:1) | 10300500 | 0 | promoter | bonus | p.72, 107 |
| 2024-05-09 | Preferential Allottees | 1315532 | 61 | financial investor | preferential | p.72, 107 |
Ceo: Punit Arora
Pending income tax assessment demands totaling Rs. 5.2892 crore (9 cases against Company) and group entity tax proceedings of Rs. 50.6695 crore (15 cases). Section 138 NI Act complaint filed by Company claiming Rs. 1.9800 crore against Johar Karyana Store. High Court petition filed by Promoter Punit Arora regarding FIR 224/2023 involving SIT investigation into Rs. 20.00 crore alleged fraud.
Auditor name: M/s Aggarwal Pawan & Associates, Chartered Accountants
Skin in game: Promoters hold 91.74% pre-issue shareholding (10,971,678 equity shares out of 11,959,382 pre-issue shares).
Auditor changed last 3y: No
Source: p.20, 58, 71, 179, 192, 223, 224, 228, 229, 230
Transactions with promoters, directors and their entities, as disclosed.
| Counterparty | Amount cr | Nature | Relationship | Core function | Source |
|---|---|---|---|---|---|
| KK IMPEX | 1.8472 | purchase | promoter-owned entity | yes | p.56, 204 |
| Paraspin Impex Private Limited | 1.8472 | purchase | group company | yes | p.56, 204 |
| KK IMPEX | 6.7129 | loan given | promoter-owned entity | no | p.56, 57, 205 |
| Paraspin Impex Private Limited | 3.4817 | loan given | group company | no | p.56, 57, 205 |
| Punit Arora | 0.36 | remuneration | director | yes | p.55, 203 |
| Kumkum Arora | 0.12 | remuneration | director | yes | p.55, 203 |
Disclosed recurring instances of administrative delays in depositing statutory dues and filing returns, including GSTR-3B delays up to 36 days, GSTR-9C delays up to 153 days, EPF deposit delays up to 30 days, ESIC deposit delays up to 30 days, and TDS 26Q filing delay of 42 days. Outstanding income tax demand under Section 143(1)(a) totals Rs. 0.2934 crore for AY 2026-27.
Defaults disclosed: Yes
Source: p.24, 25, 53, 227
Models that need these lines are withheld rather than estimated: two comparable financial years. Nothing on this page is back-solved from a figure the company did not publish.
Set your own assumptions and watch the numbers move. A scenario calculator — the outputs are the arithmetic of your inputs.
What this sector is read on: Stores, Net store additions, Retail area, Same-store sales growth, Revenue per sq ft, Gross margin, Inventory days. These come from the filings, not the market feed, and appear here once a quarter is read.
Read using the Consumer discretionary and retail framework (from the listed sector). Primary valuation lens: P/E against same-store growth.
Read more closely in this sector: Growth from new stores against same stores · Inventory build against sales.
The same read, applied to the companies this one competes with.