Paragon Fine And Speciality Chemicals IPO Details ( Paragon Fine And Speciality Chemicals Limited IPO Review )
(26 Oct 2023 – 30 Oct 2023)
Paragon Fine And Speciality Chemicals was founded in 2004. They specialize in making unique chemical ingredients for various industries. They create Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates, and Dye Intermediates for customers in India and around the world.
Their manufacturing facility is in Viramgam District, Ahmedabad, Gujarat. It covers about 7000 square meters and has advanced equipment for researching and developing new products.
The company’s R&D team has achieved several breakthroughs in developing new chemical compounds, expanding their product range to around 140 items by the end of Fiscal 2023. As of March 31, 2023, their research and development team consists of 14 technocrats.
Paragon Fine And Speciality Chemicals Limited Company Product
- Dye Intermediates: DICHLONE
- Dye Intermediates: CHLORANIL
- Dye Intermediates: 3,4-Dimethoxy Aniline
- Dye Intermediates: 2-AM-5-METHOXY BENZENE-1,4-DISulfonic acid Disodium SALT
- Dye Intermediates: 5-Nitro-2-Amino Phenol
- Dye Intermediates: 1-ACETAMIDO7-NAPHTHOL
Paragon Fine And Speciality Chemicals Limited IPO Competitive Strength
- 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 processes
- Focus on Quality, Environment, Health and Safety
- Strong and consistent financial performance
- Experienced Promoters and Senior Management with extensive domain knowledge
Paragon Fine And Speciality Chemicals IPO Financials Performance ( Results )
Paragon Fine And Speciality Chemicals Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 4,983.26 | 8,436.94 | 439.77 | 3.05 | 795.29 | 5.52 | 785.29 | 2,193.00 |
| 31-Mar-22 | 5,750.53 | 8,457.92 | 449.02 | 3.12 | 1,244.31 | 8.64 | 1,234.31 | 2,068.16 |
| 31-Mar-23 | 7,097.84 | 10,501.19 | 989.21 | 6.87 | 2,233.52 | 15.51 | 1,873.52 | 2,521.03 |
| 30-Jun-23 | 7,412.19 | 2,900.43 | 362.16 | 2.51 | 2,595.67 | 18.03 | 2,235.67 | 2,709.67 |
Objective of Paragon Fine And Speciality Chemicals IPO 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 6. General Corporate Purpose.
Paragon Fine And Speciality Chemicals IPO Basic Details
| IPO Date | Oct 26, 2023 to Oct 30, 2023 |
| Listing Date | Tuesday, November 7, 2023 |
| Face Value | ₹10 per share |
| Price | ₹95 to ₹100 per share |
| Lot Size | 1200 Shares |
| Issue Size | 5,166,000 shares of ₹10 (aggregating up to ₹51.66 Cr) |
| Fresh Issue | 5,166,000 shares of ₹10 (aggregating up to ₹51.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 14,400,000 |
| Share holding post issue | 19,566,000 |
| Company Promoters | Dr. Pravinchandra Jasmat Vasolia, Kishorkumar Panchabhai Patolia, Vallabh Ratanji Savaliya, Rutesh Vallabhbhai Savalia and Shivam Kishorbhai Patolia |
Paragon Fine And Speciality Chemicals IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Paragon Fine IPO Timetable
Paragon Fine IPO will open on October 26, 2023 and close on October 30, 2023. You can join Paragon Fine IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 26 October 2023 (Thursday) |
| Closing Date | 30 October 2023 (Monday) |
| Basis of Allotment | 2 November 2023 (Thursday) |
| Initiation of Refunds | 3 November 2023 (Friday) |
| Credit of Shares to Demat | 6 November 2023 (Monday) |
| Listing Date | 7 November 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 30 October 2023 |
Paragon Fine IPO Lot Size
For retail investors in Paragon Fine IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| S-HNI (Min) | 2 | 2400 | ₹240,000 |
Paragon Fine And Speciality Chemicals IPO Promoter Holding
The company’s promoters include Dr. Pravinchandra Jasmat Vasolia, Kishorkumar Panchabhai Patolia, Vallabh Ratanji Savaliya, Rutesh Vallabhbhai Savalia and Shivam Kishorbhai Patolia.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.60% |
Paragon Fine And Speciality Chemicals Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 195.66 |
| Earning Per Share (EPS) | ₹6.87 per Equity Share |
| Net Asset Value (NAV) | ₹15.51 per Equity Share |
| P/E Ratio (P/E) (x) | 14.56 |
| Post P/E Ratio (P/E) (x) | 13.51 |
| Return on Net Worth (RoNW) (%) | 44.29 |
| Return on equity (ROE) (%) | 56.89 |
| Return on Capital Employed (ROCE) (%) | 38.86 |
| Debt/Equity Ratio | Coming Soon |
Paragon Fine And Speciality Chemicals Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | Book Ratio |
| Paragon Fine And Speciality Chemical Limited | Consolidated | 100 | 10 | 6.87 | 13.51 | 44.29 | 15.51 |
| Peer Group | |||||||
| Aether Industries Limited | Consolidated | 1,047.45 | 10 | 10.47 | 100.04 | 10.48 | 99.96 |
| Anupam Rasayan India Ltd | Consolidated | 1012.35 | 10 | 20.91 | 48.41 | 9.14 | 220.63 |
| Bodal Chemicals Ltd | Consolidated | 73.2 | 2 | 3.03 | 24.16 | 3.53 | 85.79 |
| Deepak Nitrite Ltd | Consolidated | 1995.3 | 2 | 62.47 | 31.94 | 20.83 | 299.87 |
Paragon Fine And Speciality Chemicals IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 27 October 2023 | ₹85 | – | – |
| 26 October 2023 | ₹85 | – | – |
| 25 October 2023 | ₹75 | – | – |
Paragon Fine And Speciality Chemicals IPO Detail Video:
Paragon Fine And Speciality Chemicals IPO Subscription Status (Bidding Detail)
The Paragon Fine And Speciality Chemicals IPO on October 30, 2023 at 7:00:00 PM was subscribed 205.74 times, with the retail category being subscribed 185.28 times, the NII (Non-Institutional Investor) category being subscribed 419.46 times, QIB (Qualified-Institutional Buyers) category being subscribed 81.38 times.
| Category | Subscription |
| QIB | 81.38x |
| NII | 419.46x |
| Retail | 185.28x |
| Total | 205.74x |
Paragon Fine And Speciality Chemicals IPO Prospectus
| Paragon Fine And Speciality Chemicals IPO DRHP | Download |
| Paragon Fine And Speciality Chemicals IPO RHP | Download |
| Paragon Fine And Speciality Chemicals IPO Anchor Investors Details PDF | Download |
Paragon Fine And Speciality Chemicals IPO Rating
| Our Rating | 4.0/5.0 |
Paragon Fine And Speciality Chemicals Company Contact Information
Paragon Fine And Speciality Chemicals Limited
Registered Office: 1001/1, Parshwa Tower, Near Pakvan Hotel, S.G. Highway, Bodakdev, Ahmedabad, Gujarat-380054, India
Contact Person: Vrunda Upendra Dattani, Company Secretary & Compliance Officer
Tel No: +917935335483
E-mail: info1@paragonind.com
Website: www.paragonind.com
Promoters of our Company: Dr. Pravinchandra Jasmat Vasolia, Kishorkumar Panchabhai Patolia, Vallabh Ratanji Savaliya, Rutesh Vallabhbhai Savalia and Shivam Kishorbhai Patolia
Paragon Fine And Speciality Chemicals IPO Registrar
Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai- 400093, India.
Tel No.: +91 022 6263 8200
Fax: +91 022 6263 8299
Email: ipo@bigshareonline.com
Contact Person: Babu Rapheal C
Website: www.bigshareonline.com
SEBI Registration Number: INR000001385
Paragon Fine And Speciality Chemicals IPO Lead Manager
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 022- 49060000
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Roshni Lahoti
SEBI Regn. No.: INM000010981
Paragon Fine And Speciality Chemicals IPO FAQs
What is the lot size of Paragon Fine And Speciality Chemicals IPO?
The total size of Paragon Fine And Speciality Chemicals IPO is ₹51.66 crores and this is a complete fresh Issue.
When will Paragon Fine And Speciality Chemicals IPO start?
Paragon Fine And Speciality Chemicals IPO will open from 26 October 2023 and IPO will close on 30 October 2023.
What is the open date of Paragon Fine And Speciality Chemicals IPO?
Paragon Fine And Speciality Chemicals IPO will open date from 26 October 2023.
What is the last date ( close date ) of Paragon Fine And Speciality Chemicals IPO?
Paragon Fine And Speciality Chemicals IPO will close from 30 October 2023.
What is the price band of Paragon Fine And Speciality Chemicals IPO?
Paragon Fine And Speciality Chemicals IPO price band is ₹95 to ₹100. ( Upper Price Band: ₹100, Lower Price Band: ₹95 )
What is the minimum amount required to apply for Paragon Fine And Speciality Chemicals IPO?
The minimum investment for retailers to apply for Paragon Fine And Speciality Chemicals IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Paragon Fine And Speciality Chemicals IPO?
View gray market premium of Paragon Fine And Speciality Chemicals IPO by Clicking Here
How much is the GMP of Paragon Fine And Speciality Chemicals IPO?
Watch Paragon Fine And Speciality Chemicals IPO GMP Today: Click Here
What is the allotment date of Paragon Fine And Speciality Chemicals IPO?
The allotment date of Paragon Fine And Speciality Chemicals IPO is 2 November 2023.
How to check allotment status in Paragon Fine And Speciality Chemicals IPO?
To check the allotment status of Paragon Fine And Speciality Chemicals IPO, first of all go to the registrar website by clicking here, select your bad Paragon Fine And Speciality Chemicals IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Paragon Fine And Speciality Chemicals IPO?
The listing date of Paragon Fine And Speciality Chemicals IPO is 7 November 2023.
How much will be the listing gain in Paragon Fine And Speciality Chemicals IPO?
View listing gain of Paragon Fine And Speciality Chemicals IPO by Clicking Here
How much time Paragon Fine And Speciality Chemicals IPO is subscribed?
Total 205.74 times subscribed in Paragon Fine And Speciality Chemicals IPO out of which 185.28 times subscription was done in retail quota, 419.46 times subscription in NII quota and 81.38 times subscription in QIB quota.
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