Paragon Fine And Speciality Chemicals IPO Date, GMP, Price, Analysis and Review
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Paragon Fine And Speciality Chemicals Limited , Incorporated in 2004, this company specializes in custom synthesis and the manufacturing of specialty chemical intermediates, which involve complex and differentiated chemistry. They produce various types of intermediates, such as Pharma Intermediates, AGRO Intermediates, Cosmetics Intermediates, Pigment Intermediates, and Dye Intermediates, catering to a diverse customer base in India and globally.
Their manufacturing unit, located in the Viramgam District of Ahmedabad, Gujarat, spans approximately 7,000 square meters and is equipped with high-end reactors for innovative product development.
The company’s dedicated R&D team has successfully conducted multi-step synthesis and created several new molecules in the specialty intermediates sector. This has expanded their product portfolio to include around 140 products as of Fiscal 2023, supported by a team of 14 technocrats engaged in research and development.
Their competitive strengths encompass:
- A wide range of customizable products.
- A focus on R&D to harness complex chemistry and technology.
- Long-term relationships with customers from diverse nationalities.
- An in-house manufacturing unit with advanced technologies and processes.
- Promoters and senior management with extensive industry expertise.
Objects of the Issue (Paragon Fine And Speciality Chemicals IPO Objectives)
The company plans to utilize the proceeds from the Issue to achieve the following objectives:
- Funding capital expenditure for civil construction work in the existing factory premises.
- Funding capital expenditure for civil construction work at Plot No. 10/A, situated at Survey No. 1359, 1360, Village-Viramgam, Taluka-Viramgam, District-Ahmedabad-382150, Gujarat.
- Full or partial repayment of certain outstanding borrowings.
- Financing capital expenditure for the installation of additional plant and machinery to support expansion.
- Funding to meet working capital requirements.
- General corporate purposes.
Paragon Fine And Speciality Chemicals IPO Details
The Paragon Fine And Speciality Chemicals IPO is a book-built issue, aiming to raise Rs 51.66 crores. This offering consists solely of a fresh issue of 51.66 lakh shares.
IPO Date | October 26, 2023 to October 30, 2023 |
Listing Date | November 7, 2023 |
Face Value | ₹10 per share |
Price Band | ₹95 to ₹100 per share |
Lot Size | 1200 Shares |
Total Issue Size | 5,166,000 shares (aggregating up to ₹51.66 Cr) |
Fresh Issue | 5,166,000 shares (aggregating up to ₹51.66 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 14,400,000 |
Market Maker portion | 261,600 shares |
DRHP Draft Prospectus: | Click Here |
Paragon Fine And Speciality Chemicals IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Paragon Fine And Speciality Chemicals IPO Lot Size
Investors can bid for a minimum of 1200 shares, with bids available in multiples of 1200 shares. The table below outlines the minimum and maximum investment limits for both retail investors and HNIs in shares and amounts.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1200 | ₹120,000 |
Retail (Max) | 1 | 1200 | ₹120,000 |
HNI (Min) | 2 | 2,400 | ₹240,000 |
Paragon Fine And Speciality Chemicals IPO Dates
Paragon Fine And Speciality Chemicals IPO opens on October 26, 2023, and closes on October 30, 2023.
IPO Open Date | Thursday, October 26, 2023 |
IPO Close Date | Monday, October 30, 2023 |
Basis of Allotment | Thursday, November 2, 2023 |
Initiation of Refunds | Friday, November 3, 2023 |
Credit of Shares to Demat | Monday, November 6, 2023 |
Listing Date | Tuesday, November 7, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on October 30, 2023 |
Paragon Fine And Speciality Chemicals Limited Financial Report
Paragon Fine And Speciality Chemicals Limited witnessed a 24.16% increase in revenue, and its profit after tax (PAT) surged by 120.3% between the financial year ending on March 31, 2023, and March 31, 2022.
Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|
Assets | 7,097.84 | 5,750.53 | 4,983.26 |
Revenue | 10,501.19 | 8,457.92 | 8,436.94 |
Profit After Tax | 989.21 | 449.02 | 439.77 |
Net Worth | 2,233.52 | 1,244.31 | 795.29 |
Reserves and Surplus | 1,873.52 | 1,234.31 | 785.29 |
Total Borrowing | 2,521.03 | 2,068.16 | 2,193.00 |
Key Performance Indicator of Paragon Fine And Speciality Chemicals Ltd
KPI | Values |
---|---|
P/E (x) | 14.56 |
ROE | 56.89% |
ROCE | 38.86% |
EPS (Rs) | 6.87 |
RoNW | 44.29 |
Paragon Fine And Speciality Chemicals IPO Promoter Holding
The promoters of the company are Dr. Pravinchandra Jasmat Vasolia, Kishorkumar Panchabhai Patolia, Vallabh Ratanji Savaliya, Rutesh Vallabhbhai Savalia and Shivam Kishorbhai Patolia.
Share Holding Pre Issue | 100 |
Share Holding Post Issue | – |
Paragon Fine And Speciality Chemicals Limited Contact Details
Paragon Fine And Speciality Chemicals Limited
1001/1, Parshwa Tower, Near Pakvan Hotel
S.G. Highway, Bodakdev
Ahmedabad, 380054
Phone: +917935335483
Email: cs@paragonind.com
Website: https://www.paragonind.com/
Paragon Fine And Speciality Chemicals IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Paragon Fine And Speciality Chemicals IPO FAQs
What is Paragon Fine And Speciality Chemicals IPO?
Paragon Fine And Speciality Chemicals IPO is a Small and Medium-sized Enterprises (SME) IPO offering 5,166,000 equity shares with a face value of ₹10 each, aggregating up to ₹51.66 Crores. The price per share ranges from ₹95 to ₹100, and the minimum order quantity is 1200 shares. The IPO subscription period is from October 26, 2023, to October 30, 2023.
The registrar for the IPO is Bigshare Services Pvt Ltd, and the shares are proposed to be listed on the NSE SME platform.
How to apply for Paragon Fine And Speciality Chemicals IPO through Zerodha?
Zerodha customers can apply for the Paragon Fine And Speciality Chemicals IPO online using the UPI payment gateway. To do this, follow these steps:
1. Visit the Zerodha website and log in to Console.
2. Navigate to the Portfolio section and click on the IPOs link.
3. Find the ‘Paragon Fine And Speciality Chemicals IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, the quantity of shares, and the price.
5. Click ‘Submit’ to complete the IPO application form.
6. Visit your UPI app (net banking or BHIM) to approve the mandate.
When does the Paragon Fine And Speciality Chemicals IPO open?
The Paragon Fine And Speciality Chemicals IPO opens on October 26, 2023, and it closes on October 30, 2023.
What is the lot size for Paragon Fine And Speciality Chemicals IPO?
The lot size for the Paragon Fine And Speciality Chemicals IPO is 1200 shares, with a minimum investment requirement of ₹120,000.
How can I apply for the Paragon Fine And Speciality Chemicals IPO?
You can apply for the Paragon Fine And Speciality Chemicals IPO online using UPI or ASBA as the payment method. ASBA IPO application can be accessed through your bank’s net banking portal, while UPI IPO application is provided by brokers who do not offer banking services. You can find more details about applying for IPOs online through platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Paragon Fine And Speciality Chemicals IPO allotment take place?
The finalization of the Basis of Allotment for the Paragon Fine And Speciality Chemicals IPO will be conducted on Thursday, November 2, 2023. Allotted shares will be credited to your demat account by Monday, November 6, 2023. You can check the Paragon Fine And Speciality Chemicals IPO allotment status.
What is the listing date for the Paragon Fine And Speciality Chemicals IPO?
The listing date for the Paragon Fine And Speciality Chemicals IPO has not been announced yet. The tentative date for the IPO listing is Tuesday, November 7, 2023.