Paragon Fine IPO vs Vivaa Tradecom IPO

Comparison between Paragon Fine IPO and Vivaa Tradecom IPO.

IPO Details

Paragon Fine IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vivaa Tradecom IPO is a SME Fixed Price proposed to list at BSE SME.

	Paragon Fine IPO	Vivaa Tradecom IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Ltd.	Interactive Financial Services Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Asnani Stock Broker Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Paragon Fine IPO is up to ₹49.04 Cr whereas the issue size of the Vivaa Tradecom IPO is up to ₹7.57 Cr. The final issue price of Paragon Fine IPO is ₹100.00 per share and of Vivaa Tradecom IPO is ₹51.00 per share.

	Paragon Fine IPO	Vivaa Tradecom 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)	₹100.00 per share	₹51.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	49,04,400 shares	14,84,000 shares
Fresh Issue Size (Amount)	up to ₹49.04 Cr	up to ₹7.57 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	49,04,400 shares	14,84,000 shares
Issue Size Total (Amount)	up to ₹49.04 Cr	up to ₹7.57 Cr

IPO Timetable

Paragon Fine IPO opens on Oct 26, 2023, while Vivaa Tradecom IPO opens on Sep 27, 2023. The closing date of Paragon Fine IPO and Vivaa Tradecom IPO is Oct 30, 2023, and Oct 04, 2023, respectively.

	Paragon Fine IPO	Vivaa Tradecom IPO
Anchor Bid Date	Oct 25, 2023
Issue Open	Oct 26, 2023	Sep 27, 2023
Issue Close	Oct 30, 2023	Oct 04, 2023
Basis Of Allotment (Tentative)	Nov 02, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Nov 03, 2023	Oct 10, 2023
Credit of Share (Tentative)	Nov 06, 2023	Oct 11, 2023
Listing date (Tentative)	Nov 03, 2023	Oct 12, 2023
Anchor Lockin End date 1	Dec 02, 2023
Anchor Lockin End date 2	Jan 31, 2024

Financials & KPIs

Paragon Fine IPO P/E ratio is 14.56, as compared to Vivaa Tradecom IPO P/E ratio of 47.66.

Paragon Fine IPO

Vivaa Tradecom IPO

Financials

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 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
Total Income	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

Vivaa Tradecom IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,430.20	9,803.46	4,918.80
Total Income	14,734.56	24,728.70	13,402.83
Profit After Tax	-6.48	44.39	25.48
Net Worth	1,118.58	1,162.97	1,211.70
Reserves and Surplus	1,116.26	1,160.65	974.55
Total Borrowing	1,354.91	1,113.05	457.36

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

Promoter Shareholding (Post-Issue)

73.60

30.11

P/E Ratio

14.56

47.66

Market Cap

₹195.66 Cr.

₹20.08 Cr.

ROE

56.89%

ROCE

38.86%

Debt/Equity

0.38

EPS

₹6.87

₹11.07

RoNW

44.29

2.10%

Shares Offered

In the Paragon Fine IPO Retail Individual Investors (RII) are offered 17,17,200 shares while in Vivaa Tradecom IPO retail investors are offered 17,17,200 shares. Qualified Institutional Buyers (QIB) are offered 9,81,600 shares in Paragon Fine IPO and in Vivaa Tradecom IPO.

	Paragon Fine IPO	Vivaa Tradecom IPO
Anchor Investor Reserveration	14,70,000 shares
Market Maker Reserveration	2,61,600 shares	82,000 shares
QIB	9,81,600 shares
NII	7,35,600 shares	7,42,000 shares
RII	17,17,200 shares	7,42,000 shares
Employee
Others
Total	49,04,400 shares	14,84,000 shares

Bids Received (Subscription)

Paragon Fine IPO subscribed 205.74x in total, whereas Vivaa Tradecom IPO subscribed 1.81x.

	Paragon Fine IPO	Vivaa Tradecom IPO
QIB (times)	81.38x
NII (times)	419.46x	0.70x
Big NII (times)
Small NII (times)
RII (times)	185.28x	2.86x
Employee (times)
Other (times)
Total (times)	205.74x	1.81x

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