Paramount Syntex IPO Draws Strong QIB Demand as Issue Reaches 1.35 Times Subscription on Day 2
Paramount Syntex’s Rs 82-crore initial public offering was subscribed 1.35 times by the second day of bidding on the BSE SME platform, driven overwhelmingly by institutional demand. The qualified institutional buyer portion was subscribed 119.29 times, while retail and non-institutional investor categories remained subdued, underscoring a sharply uneven response ahead of the October 6 close.
