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On Door Concepts IPO vs Paragon Fine IPO

Comparison between On Door Concepts IPO and Paragon Fine IPO.

IPO Details

On Door Concepts IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Paragon Fine IPO is a SME Bookbuilding proposed to list at NSE SME.

 On Door Concepts IPOParagon Fine IPO
LogoOn Door Concepts IPO LogoParagon Fine IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerBhh Securities Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of On Door Concepts IPO is up to ₹29.38 Cr whereas the issue size of the Paragon Fine IPO is up to ₹49.04 Cr. The final issue price of On Door Concepts IPO is ₹208.00 per share and of Paragon Fine IPO is ₹100.00 per share.

 On Door Concepts IPOParagon Fine IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹100.00 per share
Issue Price (Final)₹208.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1200 shares
Fresh Issue Size14,12,400 shares49,04,400 shares
Fresh Issue Size (Amount)up to ₹29.38 Crup to ₹49.04 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total14,12,400 shares49,04,400 shares
Issue Size Total (Amount)up to ₹29.38 Crup to ₹49.04 Cr

IPO Timetable

On Door Concepts IPO opens on Oct 23, 2023, while Paragon Fine IPO opens on Oct 26, 2023. The closing date of On Door Concepts IPO and Paragon Fine IPO is Oct 27, 2023, and Oct 30, 2023, respectively.

 On Door Concepts IPOParagon Fine IPO
Anchor Bid DateOct 25, 2023
Issue OpenOct 23, 2023Oct 26, 2023
Issue CloseOct 27, 2023Oct 30, 2023
Basis Of Allotment (Tentative)Oct 31, 2023Nov 02, 2023
Initiation of Refunds (Tentative)Nov 01, 2023Nov 03, 2023
Credit of Share (Tentative)Nov 01, 2023Nov 06, 2023
Listing date (Tentative)Nov 01, 2023Nov 03, 2023
Anchor Lockin End date 1Dec 02, 2023
Anchor Lockin End date 2Jan 31, 2024

Financials & KPIs

On Door Concepts IPO P/E ratio is 4.56, as compared to Paragon Fine IPO P/E ratio of 14.56.

 On Door Concepts IPOParagon Fine IPO
Financials

On Door Concepts Limited Financial Information (Restated)

On Door Concepts Limited's revenue increased by 3.93% and profit after tax (PAT) rose by 343.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets9,009.467,782.376,563.49
Total Income18,015.0217,333.0918,306.01
Profit After Tax1,306.18-536.98-523.44
Net Worth5,120.78-6,625.38-6,088.40
Reserves and Surplus4,734.32-6,827.89-6,290.91
Total Borrowing
Amount in ₹ Lakhs

Paragon Fine And Speciality Chemicals Limited Financial Information (Restated)

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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets7,412.197,097.845,750.534,983.26
Total Income2,900.4310,501.198,457.928,436.94
Profit After Tax362.16989.21449.02439.77
Net Worth2,595.672,233.521,244.31795.29
Reserves and Surplus2,235.671,873.521,234.31785.29
Total Borrowing2,709.672,521.032,068.162,193.00
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)51.92100
Promoter Shareholding (Post-Issue)38.1473.60
P/E Ratio4.5614.56
Market Cap₹117.49 Cr.₹195.66 Cr.
ROE25.51%56.89%
ROCE50.90%38.86%
Debt/Equity
EPS₹56.77₹6.87
RoNW25.51%44.29

Shares Offered

In the On Door Concepts IPO Retail Individual Investors (RII) are offered 7,06,200 shares while in Paragon Fine IPO retail investors are offered 7,06,200 shares. Qualified Institutional Buyers (QIB) are offered in On Door Concepts IPO and 9,81,600 shares in Paragon Fine IPO.

 On Door Concepts IPOParagon Fine IPO
Anchor Investor Reserveration14,70,000 shares
Market Maker Reserveration86,400 shares2,61,600 shares
QIB9,81,600 shares
NII7,06,200 shares7,35,600 shares
RII7,06,200 shares17,17,200 shares
Employee
Others
Total14,12,400 shares49,04,400 shares

Bids Received (Subscription)

On Door Concepts IPO subscribed 5.59x in total, whereas Paragon Fine IPO subscribed 205.74x.

 On Door Concepts IPOParagon Fine IPO
QIB (times)81.38x
NII (times)3.16x419.46x
Big NII (times)
Small NII (times)
RII (times)7.87x185.28x
Employee (times)
Other (times)
Total (times)5.59x205.74x