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Paragon Fine IPO is a book build issue of ₹51.66 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹51.66 crore.
Paragon Fine IPO bidding started from Oct 26, 2023 and ended on Oct 30, 2023. The allotment for Paragon Fine IPO was finalized on Nov 2, 2023. The shares got listed on NSE SME on Nov 3, 2023.
Paragon Fine IPO price band is set at ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,14,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Paragon Fine IPO RHP for detailed Information.
| IPO Date | October 26, 2023 to October 30, 2023 |
| Listing Date | November 3, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,66,000 shares (aggregating up to ₹51.66 Cr) |
| Reserved for Market Maker | 2,61,600 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹2.62 Cr) |
| Net Offered to Public | 49,04,400 shares (aggregating up to ₹49.04 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,44,00,000 shares |
| Share Holding Post Issue | 1,95,66,000 shares |
Paragon Fine And Speciality Chemicals IPO offers total 51,66,000 shares. Out of which 24,51,600 (47.46%) allocated to QIB, 9,81,600 (19.00%) allocated to QIB, 7,35,600 (14.24%) allocated to NII, 17,17,200 (33.24%) allocated to RII and 14,70,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,61,600 (5.06%) |
| QIB Shares Offered | 24,51,600 (47.46%) |
| − Anchor Investor Shares Offered | 14,70,000 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 9,81,600 (19.00%) |
| NII (HNI) Shares Offered | 7,35,600 (14.24%) |
| Retail Shares Offered | 17,17,200 (33.24%) |
| Total Shares Offered | 51,66,000 (100.00%) |
Paragon Fine IPO raises ₹14.70 crore from anchor investors. Paragon Fine IPO Anchor bid date is October 25, 2023. Paragon Fine IPO Anchor Investors list
| Bid Date | October 25, 2023 |
| Shares Offered | 14,70,000 |
| Anchor Portion Size (In Cr.) | 14.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 31, 2024 |
Paragon Fine IPO opens on October 26, 2023, and closes on October 30, 2023.
| IPO Open Date | Thu, Oct 26, 2023 |
| IPO Close Date | Mon, Oct 30, 2023 |
| Tentative Allotment | Thu, Nov 2, 2023 |
| Initiation of Refunds | Fri, Nov 3, 2023 |
| Credit of Shares to Demat | Mon, Nov 6, 2023 |
| Tentative Listing Date | Fri, Nov 3, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 30, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2004, the company is involved in the business of custom synthesis and manufacturing of speciality chemical intermediates involving complex and differentiated chemistry. The company manufactures Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates and Dye Intermediates for a diverse Indian and Global customer base.
The company's manufacturing unit is located in Viramgam District, Ahmedabad, Gujarat covering approximately 7000 square meters of area, equipped with high-end reactors to carry out research for developing new products.
The company's R&D team has successfully carried out the multi-step synthesis and developed multiple new molecules in the area of specialty intermediates and as a result, enhanced their product portfolio to around 140 products in Fiscal 2023. As of March 31, 2023, we have a team of 14 technocrats who are engaged in Research and development.
The company's competitive strengths are as follows:
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 | ||||
The market capitalization of Paragon Fine IPO is ₹195.66 Cr.
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.
[Dilip Davda] PFSCL is engaged in the business of speciality chemical compounds. After static performance for FY21 and FY22, it posted bumper bottom lines on static top line. The sudden boost in its bottom lines for the past 15 months raises eyebrows as well as concern over the sustainability going forward. Based on annualized super earnings of FY24, the issue appears fully priced, discounting all near term positives. Well-informed investors may park moderate funds for medium to long term rewards. Read detail review...
| Listing Date | November 3, 2023 |
| BSE Script Code | |
| NSE Symbol | PARAGON |
| ISIN | INE0N4G01012 |
| Final Issue Price | ₹100 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹225.00 |
| Low | ₹213.75 |
| High | ₹236.00 |
| Last Trade | ₹213.75 |
Paragon Fine & Speciality Chemical Ltd.
1001/1, Parshwa Tower, Near Pakvan Hotel
S.G. Highway,
Bodakdev,
Ahmedabad, Gujarat, 380054
Phone: +917935335483
Email: cs@paragonind.com
Website: https://www.paragonind.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Paragon Fine IPO is a SME IPO of 51,66,000 equity shares of the face value of ₹10 aggregating up to ₹51.66 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on October 26, 2023, and closes on October 30, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Paragon Fine IPO using UPI as a payment gateway. Zerodha customers can apply in Paragon Fine IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paragon Fine IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paragon Fine IPO opens on October 26, 2023 and closes on October 30, 2023.
Paragon Fine IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Paragon Fine IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Paragon Fine IPO will be done on Thursday, November 2, 2023, and the allotted shares will be credited to your demat account by Monday, November 6, 2023. Check the Paragon Fine IPO allotment status.
The Paragon Fine IPO listing date is on Friday, November 3, 2023.
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