Paragon Fine And Speciality Chemicals IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 30, 2023Let’s have a detailed review of the company and analytics of the Paragon Fine And Speciality Chemicals IPO release date, IPO offer price, subscription, Paragon Fine And Speciality Chemicals Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 95 to Rs 100 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | November 7, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 5166 Lakh |
| IPO Size | Rs 5166 Lakh |
| Tick Size | 1 |
Paragon Fine And Speciality Chemicals IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Paragon Fine And Speciality Chemicals Share Price |
Paragon Fine And Speciality Chemicals IPO – Summary
They are engaged in the business of custom synthesis and manufacturing of speciality chemical intermediates involving complex and differentiated chemistry. They commenced business as a partnership firm in the year 2004.
Over the years, they have 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.
Also, they work with an approach towards chemistry combined with technology and systems that would lead to sustained product development.
The Promoter of this company is Dr. Pravinchandra Jasmat Vasolia, Kishorkumar Panchabhai Patolia, Vallabh Ratanji Savaliya, Rutesh Vallabhbhai Savalia and Shivam Kishorbhai Patolia. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Paragon Fine And Speciality Chemicals IPO Date
The opening and closing dates of Paragon Fine And Speciality Chemicals IPO are October 26, 2023 and October 30, 2023 respectively.
Paragon Fine And Speciality Chemicals IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 26th Oct | 2.71x | 14.09x | 16.78x | 12.18x |
| 2nd Day – 27th Oct | 14.64x | 39.09x | 49.25x | 37.18x |
| 3rd Day – 28th Oct | 14.73x | 102.83x | 95.92x | 74.19x |
| Shares Offered or Net Issue | 981,600 | 735,600 | 1,717,200 | 5,166,000 |
The shares subscribed by the public will be updated here.
Paragon Fine And Speciality Chemicals IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Paragon Fine And Speciality Chemicals Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 2, 2023 |
| Refunds Initiation | November 3, 2023 |
| Credit of Shares to Demat Account | November 6, 2023 |
| Share Listing Date | November 7, 2023 |
Paragon Fine And Speciality Chemicals IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 95 to Rs 100
Paragon Fine And Speciality Chemicals IPO Equity Size
This Initial Public Issue of 5,166,000 Equity Shares of Rs.10 each for cash at a price of Rs 95 to Rs 100 per equity share aggregating to Rs.5166 Lakh.
Paragon Fine And Speciality Chemicals IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,166,000 Equity Shares of Rs.10/ each.
Issue Size: 5,166,000 Equity Shares of Rs.10 each, aggregating to Rs.5166 Lakh
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Paragon Fine And Speciality Chemicals IPO – Live Performance
The listing date of this IPO is November 7, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Paragon Fine And Speciality Chemicals Share Price |
Paragon Fine And Speciality Chemicals IPO Grey Market Premium
The Paragon Fine And Speciality Chemicals Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Paragon Fine And Speciality Chemicals IPO – Company Overview
They have a dedicated in-house R&D facility which is equipped with laboratories engaged in the development and innovation of catalytic processes, and new chemical screening, which assists them in pursuing efficiencies from the initial conceptualization up to the 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 their research and development (“R&D”) and technological capabilities.
Their R&D team has successfully carried out the multi-step synthesis and scale-up for several new molecules in the area of speciality intermediates and as a result expanded their commercialized product portfolio from around 100 products in Fiscal 2021 to around 140 products in Fiscal 2023. As of March 31, 2023, they have a team of 14 technocrats
Paragon Fine And Speciality Chemicals IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 7,412.19 | 7,097.84 | 5,750.53 | 4,983.26 |
| *Total Revenue | 2,900.43 | 10,501.19 | 8,457.92 | 8,436.94 |
| Total Expense | 2,413.45 | 9,144.67 | 7,840.85 | 7,834.34 |
| Profit After Tax | 362.16 | 989.21 | 449.02 | 439.77 |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 2.51 | 6.87 | 3.12 | 3.05 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 989.21 Lakh, Rs. 449.02 Lakh and Rs. 439.77 Lakh respectively.
Paragon Fine And Speciality Chemicals IPO – Promoters
The Promoter of this company is:
- Dr. Pravinchandra Jasmat Vasolia,
- Kishorkumar Panchabhai Patolia,
- Vallabh Ratanji Savaliya,
- Rutesh Vallabhbhai Savalia
- Shivam Kishorbhai Patolia
List of Related Parties (Key Managerial Personnel)
- Pravinchandra Jasmat Vasolia, Chairman and Managing Director
- Kishorkumar Panchabhai Patolia, Whole Time Director
- Vallabh Ratanji Savaliya, Whole Time Director
- Rutesh Vallabhbhai Savalia, Whole Time Director
Paragon Fine And Speciality Chemicals IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Paragon Fine And Speciality Chemicals IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 51,66,000 Equity Shares aggregating up to Rs.5166 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,61,600 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 49,04,400 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 17,17,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 7,35,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,44,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,95,66,000 Equity Shares |
Paragon Fine And Speciality Chemicals IPO Issue Object
Their Company proposes to utilize the Net Proceeds 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 their outstanding borrowings;
- Funding Capital Expenditure towards the installation of additional plant and machinery for Expansion.
- Funding to meet working capital requirements
- General Corporate Purpose.
Paragon Fine And Speciality Chemicals IPO – Business Strategy
- Continue to focus on manufacturing by expanding their product portfolio and processes.
- Capitalize on the upward trend of the chemical industry and government policy initiatives in the sector.
- Continue to reduce operating costs and improve operational efficiencies
- Continue to strengthen their presence in India and expand their sales and distribution network in international markets
Paragon Fine And Speciality Chemicals IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Wide range of products with the 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
- Focus on Quality, Environment, Health and Safety.
- Strong and Consistent Financial Performance
- Experienced Promoters and Senior Management with extensive domain knowledge
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 6.87 | 44.29% | 15.51 |
| 31-Mar-22 | 3.12 | 36.09% | 8.64 |
| Mar-21 | 3.05 | 55.30% | 5.52 |
Paragon Fine And Speciality Chemicals IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Paragon Fine And Speciality Chemicals Limited | 10 | [●] | 6.87 | 44.29% | 105.01 |
| Listed Peers | |||||
| Aether Industries Limited | 10 | 100.04 | 10.47 | 10.48% | 667.64 |
| Anupam Rasayan India Ltd | 10 | 48.41 | 20.91 | 9.14% | 1610.47 |
| Bodal Chemicals Ltd | 2 | 24.16 | 3.03 | 3.53% | 1585.89 |
| Deepak Nitrite Ltd | 2 | 31.94 | 62.47 | 20.83% | 8019.64 |
Paragon Fine And Speciality IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 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 IPO Registrar to offer
| Registrar to the Offer |
| 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 IPO – Other Details
- Statutory Auditor – M/s. Surana Maloo & Co, Chartered Accountants
- Legal Counsel to the Company – Mindspright Legal
- Bankers to the Company – Yes Bank Ltd
Paragon Fine And Speciality IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Paragon Fine And Speciality Chemicals Limited IPO News
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Paragon Fine And Speciality IPO Review FAQs
Check out various FAQs related to Paragon Fine And Speciality IPO:
What is the Issue Size of Paragon Fine And Speciality IPO?
The Company is making an initial public offer of 5,166,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Paragon Fine And Speciality IPO?
The price band for this particular IPO ranges between Rs 95 to Rs 100. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Paragon Fine And Speciality IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 26, 2023, while the closing date is set at October 30, 2023.
What is the Paragon Fine And Speciality IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 2, 2023, refund initiation is on November 3, 2023, credit of shares is on November 6, 2023, and share listing date is on November 7, 2023.
What is the Paragon Fine And Speciality IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 7, 2023. The date, when the listing would be done, is stagnant on November 7, 2023.
Who is the Registrar of Paragon Fine And Speciality IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Paragon Fine And Speciality IPO?
Here are the promoters of this IPO – Dr Pravinchandra Jasmat Vasolia, Kishorkumar Panchabhai Patolia, Vallabh Ratanji Savaliya, Rutesh Vallabhbhai Savalia and Shivam Kishorbhai Patolia. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Paragon Fine And Speciality IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Paragon Fine And Speciality Chemicals IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Paragon Fine And Speciality Chemicals Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 989.21, 2022 is 449.02, and 2021 is 439.77. PAT from Jun 2023 is 362.16.
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