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SME IPO Status: Listed [26th Oct 2023 to 30th Oct 2023]
Paragon Fine And Speciality Chemical Limited is offering an SME IPO issue size of 5,166,000 shares. You can subscribe for this IPO during the subscription period from Oct 26, 2023 to Oct 30, 2023. The face value of the shares is Rs 10 per share and the offer price for this SME IPO is ranging from Rs 95 and Rs 100 per share with a minimum lot size of 1200 shares or its multiple.
Stay tuned for more information on Paragon Fine And Speciality Chemical Limited IPO including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 26th Oct 2023 |
| SME IPO Issue Closing Date: | 30th Oct 2023 |
| SME IPO Issue Price: | ₹95.00-100.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹51.66 Cr |
| Fresh Issue: | ₹51.66 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 73.60% |
| Allotment Status: | Allotment Status |
| NSE Code: | PARAGON |
Get important updates regarding Paragon Fine And Speciality Chemicals SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 2nd Nov 2023 |
| Refunds Initiation* | 3rd Nov 2023 |
| Credit of Shares to Demat* | 6th Nov 2023 |
| SME IPO Listing Date* | 3rd Nov 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹95.00-100.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-11-2023 | 100.00 | 105 | 95800 | ₹205 (105%) | 3-Nov-2023 10:25 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Paragon Fine And Speciality Chemical Limited was established in February 2003. The company is engaged in custom synthesis and manufacture of chemical intermediates for specialty applications involving complex and differentiated chemistry. The company started its operations as a partnership company in 2004 and over the years has evolved into custom synthesis and manufacture of pharmaceutical intermediates, AGRO intermediates, cosmetic intermediates, pigment intermediates and dye intermediates etc. for a diverse customer base in India and globally. The company takes an approach that combines chemistry with technology and systems that lead to sustainable product development. Its diverse product range finds application in various industries including pharmaceuticals, agrochemicals, cosmetics, pigments and dyes.
The company has its own research and development department with laboratories dedicated to the development and innovation of catalytic processes and the screening of new chemicals, helping us to work efficiently from the initial idea to the commercialization of a product. The Department of Scientific and Industrial Research has also recognized the in-house R&D facility. Thank you to its research and development (“R&D”) and technology capabilities, it has a diversified product portfolio. Its R&D team has successfully conducted multi-step synthesis and scale-up for several new molecules in specialty intermediates, expanding its marketed product portfolio from approximately 100 products ( FY 2021) to approximately 140 products ( FY 2023).
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | Agrochemicals and Pigments | ₹51.66 Cr | https://www.paragonind.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
1. Funding capital expenditure towards civil construction work in the existing premises of the factory
2. 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.
3. Repayment in full or in part, of certain of our outstanding borrowings;
4. Funding Capital Expenditure towards the installation of additional plant and machinery for Expansion.
5. Funding to meet working capital requirements 6. General Corporate Purpose.
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 981,600 (28.58%) | 735,600 (21.42%) | 1,717,200 (50%) | 3,434,400 | |
| 1 | 26th Oct 2023 19:31 | 2.71x | 14.09x | 16.78x | 12.18x |
| 2 | 27th Oct 2023 19:31 | 14.64x | 39.09x | 49.25x | 37.18x |
| 3 | 30th Oct 2023 19:31 | 81.38x | 419.46x | 185.28x | 205.74x |
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 Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,412.19 | 7,097.84 | 5,750.53 | 4,983.26 |
| Revenue | 2,900.43 | 10,501.19 | 8,457.92 | 8,436.94 |
| Profit After Tax | 362.16 | 989.21 | 449.02 | 439.77 |
| Net Worth | 2,595.67 | 2,233.52 | 1,244.31 | 795.29 |
| Reserves and Surplus | 2,235.67 | 1,873.52 | 1,234.31 | 785.29 |
| Total Borrowing | 2,709.67 | 2,521.03 | 2,068.16 | 2,193.00 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Paragon Fine And Speciality Chemicals Limited | 6.87 | 6.87 | 15.51 | 14.56 | 44.29 | Consolidated |
| Aether Industries Limited | 10.47 | 10.47 | 100.04 | 10.48 | Consolidated | |
| Anupam Rasayan India Ltd | 20.91 | 20.91 | 48.41 | 9.14 | Consolidated | |
| Bodal Chemicals Ltd. | 3.03 | 3.03 | 24.16 | 3.53 | Consolidated | |
| Deepak Nitrite Ltd | 62.47 | 62.47 | 31.94 | 20.83 | Consolidated |
Last Updated on 07-Nov-2023 06:02:44
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Alternate approch to apply in Paragon Fine And Speciality Chemicals SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Paragon Fine And Speciality Chemicals SME IPO Review and Important Updates
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To subscribe or apply in Paragon Fine And Speciality Chemicals SME IPO, you can use the following methods:
| Paragon Fine And Speciality Chemicals SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Paragon Fine And Speciality Chemicals SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Paragon Fine And Speciality Chemicals SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Paragon Fine And Speciality Chemicals SME IPO. Most of the Syndicate Banks provide access to apply in Paragon Fine And Speciality Chemicals IPO via ASBA process. You must have your net banking access, DP ID information to apply in Paragon Fine And Speciality Chemicals SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Paragon Fine And Speciality Chemicals SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Paragon Fine And Speciality Chemicals SME IPO Review and Important Updates
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Paragon Fine And Speciality Chemicals SME IPO Application is not yet available.
Paragon Fine And Speciality Chemicals SME IPO is going to be list on 03-11-2023. NSE Code for Paragon Fine And Speciality Chemicals is PARAGON.
Other relevant questions:
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Paragon Fine And Speciality Chemicals SME IPO Allotment Date is 02-11-2023.
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