Paramount Syntex IPO subscribed 1.35 times on day 2
In short
Paramount Syntex’s Rs 82-crore IPO was 1.35 times subscribed on day 2 on the BSE SME platform. Investors bid for 82.39 lakh shares against 61.17 lakh shares on offer.
The QIB part was subscribed 119.29 times, while retail and NII subscription was 10% and 2%. The issue closes on Oct. 6, and the final result is not yet known.
What the reporting says
Paramount Syntex's Rs 82-crore IPO was subscribed 1.35 times on the second day of bidding on the BSE SME platform, with 82.39 lakh shares bid for against 61.17 lakh shares on offer. The QIB portion was subscribed 119.29 times, while retail and NII subscription stood at 10% and 2%. The issue closes on Oct. 6, but the final outcome after the offer period is not stated in the available reporting.
Why it matters
Paramount Syntex's Rs 82-crore IPO was subscribed 1.35 times on day 2 of bidding on the BSE SME platform, with bids for 82.39 lakh shares against 61.17 lakh shares on offer. The QIB segment was heavily subscribed at 119.29 times, while retail and NII interest was much lower at 10% and 2%. The issue remains open until Oct. 6, so the final subscription level is still unknown.