Paragon Fine and Specialty Chemical are engaged in the business of custom synthesis and manufacturing of specialty chemical intermediates involving complex and differentiated chemistry. They commenced business as a partnership firm in the year 2004 and have, over the years, evolved into custom synthesis and manufacturing of Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates, Dye Intermediates, etc. for a diverse base of Indian and global customers. They work with an approach towards chemistry combined with technology and systems that would lead to sustained product development. Their diverse range of products finds applications across various industries, including pharma, agro chemicals, cosmetics, pigments, and dyes.
Their manufacturing facility situated at Viramgam District, Ahmedabad, Gujarat is spread across approximately 7000 square meters and is equipped with reactors enabling them to manufacture a diverse range of products. They also have a pilot plant with two glass line assemblies and three reactors installed, for batch reaction technology. They use various chemistry compositions like Acetylation, Amination, Catalytic hydrogenation, Chlorosulfonation, Methoxylation, Nitration, Amidation, Ethoxylation, Sulphonation, etc which enables them to cater to niche and advanced intermediate requirements of a wider range of end-products and applications.
Paragon Fine have a dedicated in-house R&D facility which is equipped with laboratories engaged in the development and innovation of catalytic process, and new chemical screening, which assists them in pursuing efficiencies from the initial conceptualization up to commercialization of a product. The Department of Scientific and Industrial Research has also recognized its in-house R&D facility. They have a diversified product portfolio due to our research and development (“R&D”) and technological capabilities.
Objects 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 6. General Corporate Purpose.
Paragon Fine and Specialty Chemical IPO Review
- To be updated soon
Paragon Fine and Specialty Chemical IPO Date & Price Band Details
IPO Open: | October 26, 2023 |
IPO Close: | October 30, 2023 |
IPO Size: | Approx ₹51.66 Crores, 5,166,000 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹95 to ₹100 Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 35% of the net offer |
QIB Quota: | 50% of the net offer |
NII Quota: | 15% of the net offer |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors in IPO: | Click Here |
Paragon Fine and Specialty Chemical IPO Market Lot
The Paragon Fine and Specialty Chemical IPO minimum market lot is 1200 shares with a ₹120,000 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1200 | ₹120,000 |
Retail Maximum | 1 | 1200 | ₹120,000 |
S-HNI Minimum | 2 | 2400 | ₹240,000 |
Paragon Fine and Specialty Chemical IPO Dates
The Paragon Fine and Specialty Chemical IPO date is October 26 and the IPO close date is October 30. The IPO allotment date is November 2 and the IPO might list on November 3.
IPO Open Date: | October 26, 2023 |
IPO Close Date: | October 30, 2023 |
Basis of Allotment: | November 2, 2023 |
Refunds: | November 3, 2023 |
Credit to Demat Account: | November 3, 2023 |
IPO Listing Date: | November 3, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Paragon Fine and Specialty Chemical IPO Form
How to apply Paragon Fine and Specialty Chemical IPO? You can apply Paragon Fine and Specialty Chemical IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Paragon Fine and Specialty Chemical IPO in the Invest section. The other option you can apply Paragon Fine and Specialty Chemical IPO via IPO forms download via the NSE website. Check out the Paragon Fine and Specialty Chemical forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Paragon Fine and Specialty Chemical Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹84.37 | ₹78.34 | ₹4.40 |
2022 | ₹84.58 | ₹78.41 | ₹4.49 |
2023 | ₹105.01 | ₹91.45 | ₹9.89 |
Paragon Fine and Specialty Chemical IPO Valuation – FY2023
Check Paragon Fine and Specialty Chemical IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹6.87 per Equity Share |
Price/Earning P/E Ratio: | NA |
Return on Net Worth (RoNW): | 44.29% |
Net Asset Value (NAV): | ₹15.51 per Equity Share |
Peer Group
- Aether Industries Limited
- Anupam Rasayan India Ltd
- Bodal Chemicals Ltd
- Deepak Nitrite Ltd
Company Promoters
- Dr. Pravinchandra Jasmat Vasolia
- Kishorkumar Panchabhai Patolia
- Vallabh Ratanji Savaliya
- Rutesh Vallabhbhai Savalia
- Shivam Kishorbhai Patolia
Paragon Fine and Specialty Chemical IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Paragon Fine and Specialty Chemical IPO Allotment Status
Check Paragon Fine and Specialty Chemical IPO allotment status on Bigshare website URL. Click Here
Paragon Fine and Specialty Chemical IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Paragon Fine and Specialty Chemical Limited
1001/1, Parshwa Tower, Near Pakvan Hotel
S.G. Highway, Bodakdev
Ahmedabad, 380054
Phone: +917935335483
Email: [email protected]
Website: https://www.paragonind.com/
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One Response
Paragon Fine allotment is out