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Paragon Fine IPO IPO

SME26 Oct 202330 Oct 2023
Open
26 Oct 2023
Close
30 Oct 2023
3
Allotment
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
Latest GMP
₹105
Est. Gain
105%
✦ AI Insight

GMP Trend

03-11-2023105Est. ₹205+105%
02-11-2023105Est. ₹205+105%
01-11-2023105Est. ₹205+105%

Live Subscription

CategorySubscription (times)
Total143.32x

Restated Financials (₹ Cr.)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets74.1270.9857.5149.83
Total Income29.00105.0184.5884.37
Profit After Tax3.629.894.494.40
NET Worth25.9622.3412.447.95
Reserves and Surplus22.3618.7412.347.85
Total Borrowing27.1025.2120.6821.93
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Yasons Chemex Care Ltd.SME₹20.57 Cr₹4022.47₹33.60-16.00%₹9.80 (-6.67%)
Ducol Organics & Colours Ltd.SME₹31.51 Cr₹7813.59₹117.50+50.64%₹106.85 (+0.61%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding capital expenditure towards civil construction work in the existing premises of factory1.00
2Repayment in full or in part, of certain of the outstanding borrowings12.90
3Funding Capital Expenditure towards installation of additional plant and machinery for Expansion7.87
4Funding to meet working capital requirements13.00
5General Corporate Purpose12.21

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