Paragon Fine and Specialty Chemical is set to launch an IPO which will open on October 26, 2023, and close on October 30, 2023. Through this public offer company wants to raise Rs. 51.66 Crore from the primary market, Company fixed the price band of Rs. 100 with a minimum lot of 1,200 shares, and list on November 07, according to the preliminary papers filed to the capital market regulator SEBI.
About Paragon Fine and Specialty Chemical Company
Paragon Fine and Specialty Chemical is engaged in the business of custom synthesis and manufacturing of specialty chemical intermediates. The company has a manufacturing facility situated in Gujrat. The company has a dedicated in-house R&D facility team and a diversified 140-product portfolio. As of March 2023, company’s top products contribute more than 40% of the total revenue from operations.
Check out the IPO allotment status on IPO Deliver.
Paragon Fine and Specialty Chemical IPO Object
The company intends to use the IPO Funds for the below-mentioned purposes:
- Capital Expenditure of the company.
- Repayment in full or part, of certain borrowing
- Working capital requirement of the company
- General corporate purposes and offer expenses.
Paragon Fine and Specialty Chemical Strength
- Wide range of products
- Long-standing relationship with a diversified customer
- In-house manufacturing facilities
- Focus on quality environment, health and safety
- Experience promoters and senior management
Paragon Fine and Specialty Chemical Risk Factor
Dependence on single or few customers
Paragon Fine and Specialty Chemical IPO Review & Rating
| Issue Size (Rs.) | 51.66 crore |
| Issue Price (Rs.) | 95-100 per share |
| Minimum Lot Size | 1,200 shares |
| Total Profit (March 2023) (Rs.) | 98.92 crore |
| RoCE (%) | 38.86% |
| EPS (Rs.) | 6.87 |
| NAV (Rs.) | 5.78 per share |
| Listing on | NSE Emerge (SME) |
| IPO Deliver Rating | Long Term |
Paragon Fine and Specialty Chemical IPO Dates, Price Band & Details
Paragon Fine and Specialty Chemical IPO will open on October 26, 2023, and close on October 30, 2023. The IPO list on November 07, 2023.
| Type of issue | Fixed Price IPO |
| Issue Size (Rs.) | 51.66 Crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | October 26, 2023 |
| IPO Close Date | October 30, 2023 |
| IPO Allotment Date | November 02, 2023 |
| Refund Date | November 03, 2023 |
| Share Credit Date | November 06, 2023 |
| Listing Date | November 07, 2023 |
Paragon Fine and Specialty Chemical IPO Offer
Paragon Fine and Specialty Chemical IPO’s total issue size is 51,66,000 shares which comprises below below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 51,66,000 | 51.66 Crore |
| Offer for Sale (OFS) | – | – |
Paragon Fine and Specialty Chemical Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 10,501.19 | 8,457.92 | 8,436.94 |
| Net Worth | 2,233.52 | 1,244.31 | 795.29 |
| Profit | 989.21 | 449.02 | 439.77 |
| Total Borrowings | 2,521.03 | 2,068.16 | 2,193.00 |
Paragon Fine and Specialty Chemical IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 6.87 | 3.12 | 3.05 |
| RoNW (%) | 44.29 | 36.09 | 55.30 |
| NAV (Rs.) | 15.51 | 8.64 | 5.52 |
Paragon Fine and Specialty Chemical IPO Peers Comparison (Top 2)
Comparison with the other same segment listed companies in India.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Aether Industries | 10.47 | 10.48 | 99.96 |
| Anupam Rasayan | 20.91 | 9.14 | 220.63 |
Paragon Fine and Specialty Chemical Company Promoters
As per the DRHP and RHP, the company has five Promoter.
| Serial No. | Name |
| 01. | P. J. Vasolia |
| 02. | V. R. Savalia |
| 03. | K. P. Patolia |
| 04. | R. V. Savalia |
| 05. | S. K. Patolia |
Paragon Fine and Specialty Chemical Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 100 |
| Post- Issue | 73.60 |
.
Paragon Fine and Specialty Chemical IPO Reservation
Paragon Fine and Specialty Chemical IPO total reservation of 51,66,000 shares, distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB- Not more than 50% of the offer size | 24,52,200 |
| NII- Not less than 15% of the offer size | 7,35.660 |
| RII- Not less than 35% of the offer size | 17,16,540 |
| Market Maker Portion | 2,61,600 |
Paragon Fine and Specialty Chemical IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1,200 Shares Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 1 | 1,200 | 1,20,000 |
| Retail Maximum | 1 | 1,200 | 1,20,000 |
Paragon Fine and Specialty Chemical IPO – Prospectus
An investor can download/view the Paragon Fine and Specialty Chemical Limited prospectus copy, which was filed by the company to SEBI, details are as follows.
| Paragon Fine and Specialty Chemical IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Paragon Fine and Specialty Chemical IPO Registrar
BigShare Services Private Limited
Tel No.: +91-022 62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Paragon Fine and Specialty Chemical IPO lead manager
HEM Securities Limited
Tel No.: +91 022 49060000
E-Mail: ib@hemsecurities.com
Website: www.narnolia.com
Paragon Fine and Specialty Chemical IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Paragon Fine and Specialty Chemical IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Paragon Fine and Specialty Chemical Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Paragon Fine and Specialty Chemical Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Paragon Fine and Specialty Chemical Company Details
Paragon Fine and Specialty Chemical Limited (2018)
Registered Office: 1001/1, Parshwa Tower, Near Pakvan Hotel, S.G. Highway, Bodakdev, Ahmedabad, Gurjat-380054
Tel: +91-7935335483
Email: cs@paragonind.com
Website: www.paragonind.com
Investor Grievances/Compliance Officer: Vrunda Upender Dattani
Paragon Fine and Specialty Chemical Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Paragon Fine and Specialty Chemical Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | P. J. Vasolia |
| 02. | V. R. Savalia |
Paragon Fine and Specialty Chemical IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Paragon Fine and Specialty Chemical IPO?
Ans: Paragon Fine and Specialty Chemical brings its SME IPO of Rs. 51.66 crore, on October 26, 2023, with a price band of Rs. 100 per share.
Q-2 what is Paragon Fine and Specialty Chemical IPO Open date?
Ans: Paragon Fine and Specialty Chemical IPO opening date is October 26, 2023.
Q-3 what is Paragon Fine and Specialty Chemical IPO Close date?
Ans: Paragon Fine and Specialty Chemical IPO closing date is October 30, 2023.
Q-4 What is Paragon Fine and Specialty Chemical IPO Listing date?
Ans: Paragon Fine and Specialty Chemical IPO listing date is November 07, 2023.
Q-5 What is Paragon Fine and Specialty Chemical IPO Minimum investment amount?
Ans: Paragon Fine and Specialty Chemical IPO minimum investment amount is Rs. 1,20,000.
Q-6 What is Paragon Fine and Specialty Chemical IPO offer issue Size?
Ans: Paragon Fine and Specialty Chemical offers an issue size of Rs. 51.66 Crores.
Q-7 What is Paragon Fine and Specialty Chemical IPO Price Band?
Ans: Paragon Fine and Specialty Chemical IPO price band is Rs 95-100 per share.
Q-8 Is Paragon Fine and Specialty Chemical IPO mainboard IPO or SME IPO?
Ans: Paragon Fine and Specialty Chemical IPO is the SME IPO.
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