Paramount Syntex Shares Drop After Listing on BSE SME Platform
1 report, 1 independent
Updated Fri 00:00
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What happened
On October 9, 2026, shares of Paramount Syntex hit the 5 percent lower circuit on the BSE SME platform. The stock fell to Rs 109.25, trading nearly 14% below the issue price of Rs 127. The company listed at Rs 115, which was a 9.45 percent discount to the IPO price. The IPO, which comprised a fresh issue of 64.40 lakh shares, was subscribed 1.87 times overall.
From moneycontrol.com
Why it matters
The event reflects immediate investor sentiment following the listing, showing a significant price decline from the initial offering price. The IPO itself was well-subscribed, with the qualified institutional buyer category receiving 119.29 times the subscription.
From moneycontrol.com