Mumbai, Oct. 9 -- The scrip was listed at Rs 115, a discount of 9.45% to the IPO price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 115 and a low of Rs 109.25. About 42.66 lakh shares changed hands on the BSE.

Paramount Syntex's IPO was subscribed 1.83 times. The issue opened for subscription on 30 September 2026 and closed on 6 October 2026. The price band was fixed at Rs 119 to Rs 127 per share.

The IPO comprised an entirely fresh issue of 64.40 lakh equity shares. The promoter and promoter group holding declined to 59.63% after the IPO from 91.74% before the issue.

Paramount Syntex plans to use Rs 61.68 crore of the IPO proceeds for capital expenditure towards the purc...