| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹51.66 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹51.66 Cr |
| Fresh Issue | ₹49.04 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹95.00-100.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | PARAGON |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers |
Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards civil construction work in the existing premises of factory | 1.00 |
| 2 | Repayment in full or in part, of certain of the outstanding borrowings | 12.90 |
| 3 | Funding Capital Expenditure towards installation of additional plant and machinery for Expansion | 7.87 |
| 4 | Funding to meet working capital requirements | 13.00 |
| 5 | General Corporate Purpose | 12.21 |
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 74.12 | 70.98 | 57.51 | 49.83 |
| Total Income | 29.00 | 105.01 | 84.58 | 84.37 |
| Profit After Tax | 3.62 | 9.89 | 4.49 | 4.40 |
| NET Worth | 25.96 | 22.34 | 12.44 | 7.95 |
| Reserves and Surplus | 22.36 | 18.74 | 12.34 | 7.85 |
| Total Borrowing | 27.10 | 25.21 | 20.68 | 21.93 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 56.89% |
| ROCE | 38.86% |
| RoNW | 44.29% |
| PAT Margin | 9.67% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.87 | |
| P/E (x) | 14.56 | 13.51 |
| Promoter Holding | 100% | 73.60% |
| Market Cap | ₹195.66 Cr. | |