Institutional Alpha Dossier
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MAINBOARD
SYNCING
GMP: ₹-
Est. Listing: Calculating...
01
Bidding Opens
-
Issue Open
02
Bidding Closes
-
Closing Date
03
Basis of Allotment
-
Registrar Finalization
04
Exchange Listing
-
Secondary Debut
Issue Price Valuation
₹-
Upper Cap Price
Price Band Cap:
Book Built / Fixed
Lot Size & Retail Matrix
- Shares
Minimum Market Lot
Min Capital:
₹-
Application Size:
-
Quant Grade & Moat Score
Proprietary Multi-Factor Moat Model
Synthesizing institutional thesis...
💼 MINIMUM INVESTMENT
Capital Matrix
Retail (Min Lot)
Up to ₹2 Lakhs Category
₹ 254000
HNI (Min Lot)
sNII / High Net-Worth Tier
₹ 381000
HNI Capital Multiple:
Institutional Lot Sizing
🍩 RESERVATION QUOTA (%)
Issue Allocation
100%
Total Issue
Anchor
0%
Market Maker
5.02%
QIB
1.02%
NII / HNI
46.82%
Retail
47.14%
Institutional Corporate Dossier
Paramount Syntex
COMPANY PROFILE & DNA
Incorporation / Founded
8/3/1996
Active Vintage
Corporate Headquarters
Mumbai, Maharashtra
Registered Hub
👔 Leadership & Promoter Group
Key Management
Punit Arora, Kumkum Arora
⚙️ Business Overview & Portfolio
Core Offerings
Manufacturer of synthetic fibers, acrylic wool yarns, and blended yarns
🎯 Target Market & End-Use
Revenue Drivers
Acrylic and blended yarns for apparel, hosiery, and textiles
🛡️
★ Unique Selling Proposition (Core Economic Moat)
In-house manufacturing facilities for dyeing, spinning, bulking, and recycling acrylic waste fiber
Objects of the Issue (Use of Proceeds & Allocation)
🎯 Objective 01
Funding of capital expenditure requirements towards purchase of machinery at existing facilities
₹ 61.68
Allocation
🎯 Objective 02
General Corporate Purposes
Balance
Allocation
🎯 Objective 03
Not Mentioned
Not Mentioned
Allocation
🎯 Objective 04
Not Mentioned
Not Mentioned
Allocation
Financial Performance & Multi-Year Trajectory
All Figures in ₹ Crores
Latest Total Income📊
₹-
Top-Line
EBITDA Margin⚡
-%
Operating
Net Profit (PAT) Margin📈
-%
Bottom-Line
Debt / Net Worth🛡️
-x
Leverage
📊 Income, EBITDA & Profit Growth Trajectory
Income
EBITDA
PAT Trend
🏛️ Balance Sheet: Net Worth vs Debt
Net Worth
Borrowing
| Particulars | NA | FY26 | FY25 | FY24 |
|---|---|---|---|---|
| Total Income | 0 | 122.03 | 112.42 | 92.78 |
| EBITDA | 0 | 22.15 | 11.95 | 7.96 |
| Profit After Tax (PAT) | 0 | 13.87 | 6.73 | 1.35 |
| Net Worth | 0 | 42.67 | 28.8 | 14.05 |
| Total Borrowing | 0 | 33.25 | 33.47 | 32.59 |
Growth Engine & Compounding Velocity (KPIs)
Multi-Year Trajectory
122.03
₹ Cr
YoY Growth
0.0855
3-Year CAGR
0.1469
22.15
₹ Cr
YoY Growth
0.854
3-Year CAGR
0.6686
13.87
₹ Cr
YoY Growth
1.0612
3-Year CAGR
2.2084
Capital Efficiency & Return Ratios (ROE vs ROCE)
Capital Allocation Audit
◈ ROE (Return on Equity)
Calculating...
-%
Current ROE
◈ ROCE (Capital Employed)
Calculating...
-%
Current ROCE
| MetricMetric | Current (%)Curr% | Last Year (%)Last% | 3-Yr Avg (%)3Y Avg | Trend StatusTrend |
|---|---|---|---|---|
| ROE (Return on Equity)ROE | 0.325 | 0.2336 | 0.2182 | Improving |
| ROCE (Capital Employed)ROCE | 0.2918 | 0.1919 | 0.2181 | Improving |
Forensic Analysis & Reality Check
Earnings Quality & Dilution Audit
0.27
CFO / EBITDA
Cash Flow Conversion Efficiency
Checking...
Analyzing operating cash flow conversion...
| Parameter | Pre-IPO | Post-IPO | View |
|---|---|---|---|
| Debt / Equity | 0.78 | 0.27 | Low |
| EPS (₹) | 11.6 | 7.54 | Diluting |
| ROE (%) | 0.325 | 0.1114 | Bad |
| ROCE (%) | 0.2918 | 0.1405 | Bad |
| P/E (Valuation) | 10.95 | 16.85 | Reasonable |
⏳ Debtor Days Trend (Receivables Cycle)
Analyzing...
FY24
FY25
FY26
Lower receivable days indicate faster cash collection from clients.
⚠️ Contingent Liabilities
Off-Balance Sheet
₹ 0.29 Cr
*Potential hidden obligations & legal/tax claims
Peer Comparison Analysis & Competitive Matrix
Industry Benchmarking
| Company NameComp | Revenue (Cr)Rev | P/E RatioP/E | ROCE (%)ROCE | ROE (%)ROE | OPM (%)OPM |
|---|---|---|---|---|---|
| Paramount Syntex Limited IPO CANDIDATE | 122.03 | 16.85 (Ask) | 0.2918 | 11.14% (Post Issue) | 0.1815 |
| Shiva Texyarn Limited | 340.52 | 23.35 | 0.1104 | 0.0674 | 0.1012 |
| Sangam (India) Limited | 3201.39 | 33.15 | 0.1016 | 0.0796 | 0.0684 |
| Donear Industries Limited | 912.47 | 9.83 | 0.3241 | 0.1569 | 0.0961 |
| NA | 0 | 0 | 0 | 0 | 0 |
| NA | 0 | 0 | 0 | 0 | 0 |
▲ Positive Catalysts (Strengths + Opportunities):
8 Factors
▼ Risk Vectors (Weaknesses + Threats):
8 Factors
Strengths
Internal Competitive Moat
- Advanced in house manufacturing facilities for yarn
- Experienced promoter team with deep industry knowledge
- Wide range of acrylic and blended products
- Established distribution network in key domestic markets
Weaknesses
Internal Operational Constraints
- High concentration of business revenue in Punjab
- Dependence on raw material imports from Thailand
- Limited presence in high growth international markets
- Negative cash flows from core operating activities
Opportunities
External Growth Tailwinds
- Growing domestic demand for acrylic synthetic yarns
- Expansion into emerging global export apparel markets
- Development of eco friendly sustainable fiber products
- Capacity expansion to capture niche market segments
Threats & Risks
External Macro & Sector Headwinds
- Intense competition from domestic and international players
- Volatility in raw material prices and availability
- Fluctuations in foreign exchange rates affecting margins
- Changes in government environmental and trade policies
Top 10 Anchor Investors & Smart-Money Allocation
INSTITUTIONAL BOOK
Top 10 Anchor Commitment
₹- Cr
Smart-Money Quality Score
- / 5.0 ★
Marquee Conviction
SEBI Anchor Lock-In Schedule
30D (50%) • 90D (50%)
Mandatory Lock-In
Anchor Book Allocation Pending Exchange Filing
Institutional anchor investor bidding & allocation disclosures are officially filed with NSE/BSE 1 working day prior to the IPO opening date.
| Rank | Marquee Anchor Institution | Smart-Money Grade | Amount Invested | Anchor Share (%) |
|---|
115
Score 5/10 (Base 4, Sector +1, Co +2, Risk -2) | SECTOR MOAT: Textile industry growing at 10% CAGR supported by PLI scheme tailwinds, despite low entry barriers in a fragmented market. | COMPANY MOAT: Robust FY26 ROE of 32.50% and ROCE of 29.18% with expanding EBITDA margins to 19.33% from integrated recycled yarn operations. | KEY RISKS: High raw material costs at 74.97% of revenue, debtor days reaching 75.97, and top 10 clients contributing 54.81% sales. | VERDICT: Moderate moat with solid returns offset by working capital pressure.
0
5.02
QIB Quota
Qualified Institutional Buyers
Smart Money
-x
Institutional Book
Inst. Conviction:
Evaluating
NII / HNI Quota
sNII (₹2L-10L) & bNII (₹10L+)
HNI Desk
-x
Non-Institutional
HNI Competition Ratio:
-
Retail (RII) Quota
Individual Investors (Up to ₹2L)
SEBI Lottery
-x
Retail Book
Retail Allotment Odds:
-