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Paragon Fine And Speciality Chemicals IPO is a book built issue of Rs 51.66 crores. The issue is entirely a fresh issue of 51.66 lakh shares.
Paragon Fine And Speciality Chemicals IPO bidding started from October 26, 2023 and ended on October 30, 2023. The allotment for Paragon Fine And Speciality Chemicals IPO was finalized on Thursday, November 2, 2023. The shares got listed on NSE SME on November 3, 2023.
Paragon Fine And Speciality Chemicals IPO price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Hem Securities Limited is the book running lead manager of the Paragon Fine And Speciality Chemicals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Paragon Fine And Speciality Chemicals IPO is Hem Finlease.
Refer to Paragon Fine And Speciality Chemicals IPO RHP for detailed information.
| IPO Date | October 26, 2023 to October 30, 2023 |
| Listing Date | November 3, 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 |
| Share holding post issue | 19,566,000 |
| Market Maker portion | 261,600 shares Hem Finlease |
Paragon Fine And Speciality Chemicals IPO offers 5,166,000 shares. 981,600 (19.00%) to QIB, 735,600 (14.24%) to NII, 1,717,200 (33.24%) to RII and 1,470,000 (28.46%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,470,000 (28.46%) |
| Market Maker Shares Offered | 261,600 (5.06%) |
| QIB Shares Offered | 981,600 (19.00%) |
| NII (HNI) Shares Offered | 735,600 (14.24%) |
| Retail Shares Offered | 1,717,200 (33.24%) |
| Total Shares Offered | 5,166,000 (100%) |
Paragon Fine And Speciality Chemicals IPO raises Rs 14.70 crore from anchor investors. Paragon Fine And Speciality Chemicals IPO Anchor bid date is October 25, 2023. Paragon Fine And Speciality Chemicals IPO Anchor Investors list
| Bid Date | October 25, 2023 |
| Shares Offered | 1,470,000 |
| Anchor Portion Size (In Cr.) | 14.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 31, 2024 |
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 | Friday, November 3, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 30, 2023 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
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 | 73.60% |
Incorporated in 2004, the company is involved in the business of custom synthesis and manufacturing of speciality chemical intermediates involving complex and differentiated chemistry. The company manufactures Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates and Dye Intermediates for a diverse Indian and Global customer base.
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's competitive strengths are as follows:
Paragon Fine And Speciality Chemicals Limited's revenue increased by 24.16% and profit after tax (PAT) rose by 120.3% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,412.19 | 7,097.84 | 5,750.53 | 4,983.26 |
| Revenue | 2,900.43 | 10,501.19 | 8,457.92 | 8,436.94 |
| Profit After Tax | 362.16 | 989.21 | 449.02 | 439.77 |
| Net Worth | 2,595.67 | 2,233.52 | 1,244.31 | 795.29 |
| Reserves and Surplus | 2,235.67 | 1,873.52 | 1,234.31 | 785.29 |
| Total Borrowing | 2,709.67 | 2,521.03 | 2,068.16 | 2,193.00 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Paragon Fine And Speciality Chemicals IPO is Rs 195.66 Cr.
| KPI | Values |
|---|---|
| ROE | 56.89% |
| ROCE | 38.86% |
| RoNW | 44.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.87 | |
| P/E (x) | 14.56 | 13.51 |
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
1. Funding capital expenditure towards civil construction work in the existing premises of the factory
2. 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.
3. Repayment in full or in part, of certain of our outstanding borrowings;
4. Funding Capital Expenditure towards the installation of additional plant and machinery for Expansion.
5. Funding to meet working capital requirements 6. General Corporate Purpose.
[Dilip Davda] PFSCL is engaged in the business of speciality chemical compounds. After static performance for FY21 and FY22, it posted bumper bottom lines on static top line. The sudden boost in its bottom lines for the past 15 months raises eyebrows as well as concern over the sustainability going forward. Based on annualized super earnings of FY24, the issue appears fully priced, discounting all near term positives. Well-informed investors may park moderate funds for medium to long term rewards. Read detail review...
The Paragon Fine And Speciality Chemicals IPO is subscribed 205.74 times on October 30, 2023 7:29:00 PM. The public issue subscribed 185.28 times in the retail category, 81.38 times in the QIB category, and 419.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 81.38 |
| NII | 419.46 |
| Retail | 185.28 |
| Total | 205.74 |
Total Application : 265,138 (185.28 times)
| Listing Date | November 3, 2023 |
| BSE Script Code | |
| NSE Symbol | PARAGON |
| ISIN | INE0N4G01012 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹225.00 |
| ₹213.75 |
| ₹236.00 |
| ₹213.75 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Paragon Fine And Speciality Chemicals IPO is a SME IPO of 5,166,000 equity shares of the face value of ₹10 aggregating up to ₹51.66 Crores. The issue is priced at ₹95 to ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on October 26, 2023, and closes on October 30, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Paragon Fine And Speciality Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Paragon Fine And Speciality Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paragon Fine And Speciality Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paragon Fine And Speciality Chemicals IPO opens on October 26, 2023 and closes on October 30, 2023.
Paragon Fine And Speciality Chemicals IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Paragon Fine And Speciality Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Paragon Fine And Speciality Chemicals IPO will be done on Thursday, November 2, 2023, and the allotted shares will be credited to your demat account by Monday, November 6, 2023. Check the Paragon Fine And Speciality Chemicals IPO allotment status.
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