Paragon Fine And Speciality Chemicals Limited is engaged in the business of custom synthesis and manufacturing of Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates and Dye Intermediates etc. for a diverse base of Indian and global customers.
The company’s manufacturing unit is located in Viramgam District, Ahmedabad, Gujarat covering approximately 7000 square meters of area, equipped with high-end reactors to carry out research for developing new products.
The company’s R&D team has successfully carried out the multi-step synthesis and developed multiple new molecules in the area of specialty intermediates and as a result, enhanced their product portfolio to around 140 products in Fiscal 2023. As of March 31, 2023, we have a team of 14 technocrats who are engaged in Research and development.
The company is a One Star Export House exporting in countries like: USA, Israel, Spain, United Kingdom, China, Switzerland, Taiwan, Thailand, Mexico, Japan, Russia, France, Indonesia, Latvia, Germany etc.
Paragon Fine And Speciality Chemicals IPO – Details
| IPO Opening Date | 26 October 2023 |
| IPO Closing Date | 30 October 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 51,66,000 Shares Worth ₹51.66 Crore Fresh Issue: 51,66,000 Shares Worth ₹51.66 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 – ₹100 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Paragon Fine And Speciality Chemicals IPO – Date Schedule
| IPO Open Date | 26 October 2023 |
| IPO Close Date | 30 October 2023 |
| Basis of Allotment | 02 November 2023 |
| Initiation of Refund | 03 November 2023 |
| Credit of Shares to Demat Account | 06 November 2023 |
| IPO Listing Date | 07 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 30, 2023 |
Paragon Fine And Speciality Chemicals IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,20,000 |
| Retail (Maximum) | 1 | 1200 | 1,20,000 |
| HNI (Minimum) | 2 | 2400 | 2,40,000 |
Competitive Strengths
- Wide range of products with ability to customize.
- Focus on R&D to leverage complex chemistry and technology.
- Long standing relationships with diversified customers across geographies.
- In-house manufacturing facility with equipped technologies and systems.
- Experienced and Qualified Management and Employee base.
- Focus on Quality, Environment, Health and Safety.
- Strong and Consistent Financial Performance.
- Experienced Promoters and Senior Management with extensive domain knowledge.
Company Promoters
- Dr. Pravinchandra Jasmat Vasolia
- Kishorkumar Panchabhai Patolia
- Vallabh Ratanji Savaliya
- Rutesh Vallabhbhai Savalia
- Shivam Kishorbhai Patolia
Object Of The Issue
- Funding capital expenditure towards civil construction work in the existing premises of the factory.
- Funding capital expenditure towards civil construction work in Plot No 10/A, Situated at Survey No. 1359, 1360 Village-Viramgam Taluka- Viramgam, District-Ahmedabad-382150, Gujarat.
- Repayment in full or in part, of certain of our outstanding borrowings;
- Funding Capital Expenditure towards the installation of additional plant and machinery for Expansion.
- Funding to meet working capital requirements.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 84.36 | 78.34 | 4.39 | 21.93 |
| 31 March 2022 | 84.57 | 78.40 | 4.49 | 20.68 |
| 31 March 2023 | 105.01 | 91.44 | 9.89 | 25.21 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | – |
| ROE | – |
| ROCE | – |
| EPS (Rs) | – |
| RoNW | – |
Paragon Fine And Speciality Chemicals IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Paragon Fine And Speciality Chemicals IPO Prospectus
- Paragon Fine And Speciality Chemicals IPO DRHP
- Paragon Fine And Speciality Chemicals IPO RHP
Company Contact Information
| 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 Lead Manager(s)
| 1. Hem Securities Limited |
Paragon Fine And Speciality Chemicals IPO FAQs
| What is Paragon Fine And Speciality Chemicals IPO? Paragon Fine And Speciality Chemicals IPO is a SME IPO. The issue is priced at ₹95 – ₹100 per equity share. The IPO is to be listed on NSE SME. |
| When Paragon Fine And Speciality Chemicals IPO will open? The IPO is to open on 26 October 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Paragon Fine And Speciality Chemicals IPO? You can apply Paragon Fine And Speciality Chemicals IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Paragon Fine And Speciality Chemicals IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Paragon Fine And Speciality Chemicals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Paragon Fine And Speciality Chemicals IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Paragon Fine And Speciality Chemicals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Paragon Fine And Speciality Chemicals IPO Size? Paragon Fine And Speciality Chemicals IPO size is ₹51.66 crores. |
| What is Paragon Fine And Speciality Chemicals IPO Price Band? Paragon Fine And Speciality Chemicals IPO Price Band is ₹95 – ₹100. |
| What is Paragon Fine And Speciality Chemicals IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,20,000 amount while the maximum bid is 1200 shares with ₹1,20,000. |
| What is the Paragon Fine And Speciality Chemicals IPO Allotment Date? Paragon Fine And Speciality Chemicals IPO allotment date is 02 November 2023. |
| What is the Paragon Fine And Speciality Chemicals IPO Listing Date? Paragon Fine And Speciality Chemicals IPO listing date is 07 November 2023. The IPO is to list on NSE SME. |
