Paragon Fine & Speciality Chemical Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,451,600 (47%) | — | ₹2,452 Cr |
| NII (HNI) | — | 735,600 (14%) | — | ₹736 Cr |
| Retail | — | 1,717,200 (33%) | — | ₹1,717 Cr |
| Market Maker | — | 261,600 (5%) | — | ₹26 Cr |
| Σ Total | — | 5,166,000 (100%) | — | ₹51,660 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹120,000 |
| Retail (Max) | 13 | 15,600 | ₹1,560,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,680,000 |
| B-HNI (Min) | 67 | 80,400 | ₹8,040,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 2,900 | 10,501 | 8,458 |
| Profit After Tax | 362 | 989 | 449 |
| Net Worth | 2,596 | 2,234 | 1,244 |
| Total Assets | 7,412 | 7,098 | 5,751 |
| Reserves & Surplus | 2,236 | 1,874 | 1,234 |
| Total Borrowing | 2,710 | 2,521 | 2,068 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding capital expenditure towards civil construction work in the existing premises of the factory –
- 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. –
- . Repayment in full or in part, of certain of our outstanding borrowings; –
- Funding Capital Expenditure towards the installation of additional plant and machinery for Expansion. –
- Funding to meet working capital requirements 6. General Corporate Purpose. –
Company Overview
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 and processes.
- The Promoters and Senior Management of the company are highly experienced with substantial domain knowledge.