Paragon Fine And Speciality Chemicals Limited IPO is set to launch on 26 October, 2023. The company initiated its business operations in 2004. It is involved in the business of manufacturing of speciality chemicals intermediaries involving complex and differentiated chemistry and custom synthetics. It also manufactures AGRO intermediaries, Pharma Intermediaries, Pigment Intermediaries, Cosmetics Intermediaries, Dye Intermediaries etc. The manufacturing unit of the company is located in Viramgam. The factory is spread across 7000 sq mtrs. With high end reactors to carry out research. The company has more than 140 products and for developing that the company has a team of 14 technocrats.
Paragon Fine And Speciality Chemicals Limited IPO DETAILS
Paragon Fine And Speciality Chemicals Limited IPO is set to launch on 26 October, 2023. The subscription timeline extends till 30 October, 2023. The size for the IPO is 51.66 Crore Rs. Shares issued through fresh issue mode are worth 51.66 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 95 Rs to 100 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Paragon Fine And Speciality Chemicals Limited IPO
| IPO OPENING DATE | 26 October, 2023 |
| CLOSING DATE FOR IPO | 30 October, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 95 Rs to 100 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 51.66 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 51.66 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 7 November, 2023 |
Paragon Fine And Speciality Chemicals Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 26 October, 2023 |
| CLOSING DATE FOR IPO | 30 October, 2023 |
| IPO ALLOTMENT DATE | 2 November, 2023 |
| REFUNDS | 3 November, 2023 |
| DEMAT A/C CREDITED ON | 6 November, 2023 |
| IPO LISTING DATE | 7 November, 2023 |
Paragon Fine And Speciality Chemicals Limited IPO begins for subscription from 27 October, 2023. The IPO subscription would continue till 30 October, 2023. The allotment status for the shareholders who applied would come on 2 November, 2023. The refunds for the ones who did not get allotment would be initiated on 3 November, 2023. The DEMAT accounts of shareholders would be credited on 6 November, 2023. The listing of the company would be completed on 7 November, 2023.
Paragon Fine And Speciality Chemicals Limited IPO : Lead Managers
The lead managers are :
- Hem Securities Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 120000 Rs. |
| Maximum | 2400 shares | 240000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The funds will be used for expansion purposes of the firm and also for the payment of outstanding dues.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 4983 | 5750 | 7097 |
| Revenue | 8436 | 8457 | 10501 |
| PAT | 439 | 449 | 989 |
Paragon Fine And Speciality Chemicals Limited had an asset base of 4983 Lakh Rs in 2021 which increased to 5750 Lakh Rs in 2022. The company’s asset base will increase to 7097 Lakh Rs in 2023. The revenue of the firm was 8436 Lakh Rs in 2021. This slightly increased to 8457 Lakh Rs in 2022 and then became 10501 Lakh Rs in 2023. The profit of the firm was 439 Lakh Rs in 2021 which increased to 449 Lakh Rs in 2022 and 989 Lakh Rs in 2023.
PROS
- The company manufactures AGRO intermediaries, Pharma Intermediaries, Pigment Intermediaries, Cosmetics Intermediaries, Dye Intermediaries etc.
- The manufacturing unit of the company is located in Viramgam. The factory is spread across 7000 sq mtrs. With high end reactors to carry out research.
- Company has more than 140 products and for developing the company has a team of 14 technocrats.
CONS
- The company works in a highly competitive segment.
Paragon Fine And Speciality Chemicals Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Paragon Fine And Speciality Chemicals Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
