Paragon Fine and Speciality Chemical Ltd
Price Range
₹95 - ₹100
Min. Quantity
1,200
Closes on
30 October 2023
Min. investment
₹1,20,000/1,200 Shares
Paragon Fine and Speciality Chemical Ltd IPO Timeline
Paragon Fine & Speciality Chemicals Limited was originally formed as Partnership Firm under the Indian Partnership Act, 1932 in the name and style of 'M/s. Devarshi Dyechem', pursuant to a Deed of Partnership dated February 02, 2003. Thereafter, the name of the said Partnership Firm was changed to M/s. Paragon Industries. Further, 'M/s Paragon Industries' converted from Partnership Firm to a Private Limited Company in the name of 'Paragon Fine and Speciality Chemical Private Limited' vide Certificate of Incorporation dated November 02, 2018 issued by Registrar of Companies, Central Registration Centre. Subsequently, Company was converted into a Public Limited Company and the name of Company was changed from 'Paragon Fine And Speciality Chemical Private Limited' to 'Paragon Fine And Speciality Chemical Limited' vide a fresh Certificate of Incorporation dated August 23, 2022 issued by Registrar of Companies, Ahmedabad.
| Event | Date |
|---|---|
| Paragon Fine and Speciality Chemical Ltd IPO Opening Date | 26 October 2023 |
| Paragon Fine and Speciality Chemical Ltd IPO Closing Date | 30 October 2023 |
| Basis of Allotment | 2 November 2023 |
| Initiation of Refunds | 3 November 2023 |
| Credit of Shares to Demat | 6 November 2023 |
| Paragon Fine and Speciality Chemical Ltd IPO Listing Date | 3 November 2023 |
Paragon Fine and Speciality Chemical Ltd IPO Details
| Paragon Fine and Speciality Chemical Ltd IPO Date | 26 October 2023 to 30 October 2023 |
| Paragon Fine and Speciality Chemical Ltd IPO Face Value | ₹10 per share |
| Paragon Fine and Speciality Chemical Ltd IPO Price | ₹95 to ₹100 per share |
| Paragon Fine and Speciality Chemical Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹51.66 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹51.66 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Pravinchandra Jasmat Vasolia, Kishorekumar Panchabhai Patoli, Vallabh Ratanji Savaliya |
Paragon Fine and Speciality Chemical Ltd IPO Lot Size
The Paragon Fine and Speciality Chemical Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,20,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,20,000 |
| Maximum | 1 | 1,200 | ₹1,20,000 |
- Strengths
- Risks
- Opportunities
- 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 Financials
Paragon Fine and Speciality Chemical Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 110.53 | 122.66 | 14.31 |
| 03-2023 | 70.98 | 105.01 | 9.86 |
| 03-2022 | 57.51 | 84.58 | 4.49 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure towards civil construction work in the existing premises of factory
- Repayment in full or in part of certain of its outstanding borrowings
- Funding capital expenditure towards installation of additional plant and machinery for expansion
- Funding to meet working capital requirements
- General corporate purposes
Paragon Fine and Speciality Chemical Ltd IPO Promoter Holding
| Pre Issue Share Holding | 34% |
| Post Issue Share Holding | 25.02% |
Paragon Fine and Speciality Chemical Ltd IPO Subscription Status (Bidding Detail)
The Paragon Fine and Speciality Chemical Ltd IPO is subscribed 136.8288 times on 30 October 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 136.8288 |
Paragon Fine and Speciality Chemical Ltd IPO Prospectus
Paragon Fine and Speciality Chemical Ltd IPO Listing Date
| Listing Date | 3 November 2023 |
| BSE Script | 91901 |
| NSE Symbol | PARAGON |
| Listing In | NSE - SME |
| ISIN | INE0N4G01012 |
| IPO Price | ₹100 |
| Face Value | ₹10 |
Company Contact Information
1001/1 Parshwa TowerS G Highway Bodakdev,Ahmedabad-380054
Phone: +91 7935335483
Email: cs@paragonind.com
Website: www.paragonind.com
Paragon Fine and Speciality Chemical Ltd IPO Registrar
Paragon Fine and Speciality Chemical Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Paragon Fine and Speciality Chemical Ltd IPO?
I have pre-applied for Paragon Fine and Speciality Chemical Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.