Paramount Syntex Ltd.’s SME IPO, which opened on September 30, is currently open for subscription. The company has fixed a price band of Rs.119–127 per share and is looking to raise approximately Rs.81.79 crore. The issue is scheduled to close on October 6.
The offering is part of the latest wave of SME IPOs entering the Indian primary market. Paramount Syntex is among eight SME companies that collectively opened issues worth roughly Rs.440 crore during the latest fundraising cycle.
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