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Open
26 Oct 2023
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Close
30 Oct 2023
3
Allotment
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Listing
Fri, Nov 3, 2023
Price Band
₹95 to ₹100
Issue Size
51,66,000 shares (agg. up to ₹52 Cr)
Lot Size
1,200 Shares
Listing Date
Fri, Nov 3, 2023
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 143.32x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 74.12 | 70.98 | 57.51 | 49.83 |
| Total Income | 29.00 | 105.01 | 84.58 | 84.37 |
| Profit After Tax | 3.62 | 9.89 | 4.49 | 4.40 |
| NET Worth | 25.96 | 22.34 | 12.44 | 7.95 |
| Reserves and Surplus | 22.36 | 18.74 | 12.34 | 7.85 |
| Total Borrowing | 27.10 | 25.21 | 20.68 | 21.93 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Yasons Chemex Care Ltd. | SME | ₹20.57 Cr | ₹40 | 22.47 | ₹33.60 | -16.00% | ₹9.80 (-6.67%) |
| Ducol Organics & Colours Ltd. | SME | ₹31.51 Cr | ₹78 | 13.59 | ₹117.50 | +50.64% | ₹106.85 (+0.61%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards civil construction work in the existing premises of factory | 1.00 |
| 2 | Repayment in full or in part, of certain of the outstanding borrowings | 12.90 |
| 3 | Funding Capital Expenditure towards installation of additional plant and machinery for Expansion | 7.87 |
| 4 | Funding to meet working capital requirements | 13.00 |
| 5 | General Corporate Purpose | 12.21 |
About Paragon Fine IPO
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: Wide range of customizable products Focus on R&D to leverage complex chemistry and technology Long-term relationships with customers across different nationalities. In-house manufacturing unit with equipped technologies
Contact Details
Paragon Fine & Speciality Chemical Ltd. Address1001/1, Parshwa Tower, Near Pakvan HotelS.G.HighwayBodakdevAhmedabad, Gujarat, 380054+917935335483cs@paragonind.comVisit Website