PARAGON FINE AND SPECIALITY CHEMICAL (NSE SME)
Oct 26, 2023 - Oct 30, 2023
| Price | ₹95 - ₹100 |
| Premium | ₹110 |
|---|---|
| Lot size | 1200 |
| Allotment | Oct 31, 2023 |
| Listing | Nov 3, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 120000 | 1431 |
| HNI | 2 | 2400 | 240000 | 613 |
Last updated on 30-Oct-2023 17:27:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 9,81,600 | 7,98,80,400 | 81.38 |
| NIB | 7,35,600 | 30,87,90,000 | 419.78 |
| RETAIL | 17,17,200 | 31,77,48,000 | 185.04 |
| Total | 34,34,400 | 70,64,18,400 | 205.69 |
| Retail Apps | 2,64,790 | © IPO Premium | |
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:
- Wide range of customizable products
- Focus on R&D to leverage complex chemistry and technology
- Long-term relationships with customers across different nationalities.
- In-house manufacturing unit with equipped technologies and processes.
- The Promoters and Senior Management of the company are highly experienced with substantial domain knowledge.
Paragon Fine And Speciality Chemicals IPO Details
| 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 |
| Market Maker portion | 261,600 shares |
Paragon Fine And Speciality Chemicals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Financials
Paragon Fine And Speciality Chemicals Limited Financial Information (Restated)
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 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 7,097.84 | 5,750.53 | 4,983.26 |
| Revenue | 10,501.19 | 8,457.92 | 8,436.94 |
| Profit | 989.21 | 449.02 | 439.77 |
| Net Worth | 2,233.52 | 1,244.31 | 795.29 |
| Reserves | 1,873.52 | 1,234.31 | 785.29 |
| Borrowing | 2,521.03 | 2,068.16 | 2,193.00 |
| Amount in ₹ Lakhs | |||
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