Paragon Fine and Speciality Chemicals Limited’s IPO is a book built issue of Rs 51.66 crores. The issue is entirely a fresh issue of 51.66 lakh shares. The bid is 1200 shares with ₹120,000.
Paragon Fine and Speciality Chemicals Limited is a public company established in 2018. They are a global supplier of custom manufactured Speciality Dyes, Pigment Intermediates, Dye intermediates, and Ink dye Intermediates.
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.
Paragon Fine And Speciality Chemicals IPO Timeline
| Particular | Date |
| IPO Open Date | 26 Oct 2023 |
| IPO Close Date | 30 Oct 2023 |
| Allotment Date | 02 Nov 2023 |
| IPO Listing Date | 07 Nov 2023 |
Paragon Fine And Speciality Chemicals IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs.95 to Rs.100 Per Equity Share |
| Market Lot | 1200 Share |
| ISIN Code | |
| Listing At | NSE SME |
| Issue Size | Approx. Rs. 52 Crore. |
Paragon Fine And Speciality Chemicals IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 1200 | Rs. 120000 |
| Maximum | 1 | 1200 | Rs. 120000 |
| Small HNI (Minimum) | 2 | 2400 | Rs. 240000 |
Paragon Fine And Speciality Chemicals IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 7097.84 | 5750.53 | 4983.26 |
| Total Revenue | 10501.19 | 8457.92 | 8436.94 |
| Profit After Tax | 989.21 | 449.02 | 439.77 |
Company Promoters:
The promoters of the company are Dr. Pravinchandra Jasmat Vasolia, Kishorkumar Panchabhai Patolia, Vallabh Ratanji Savaliya, Rutesh Vallabhbhai Savalia and Shivam Kishorbhai Patolia.
Purpose 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. Genespecialityral Corporate Purpose.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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 |
