Paragon Fine And Speciality Chemicals Limited IPO
₹95 - ₹100
1200
205.74
| Open Date: | 26-Oct-2023 |
| Close Date: | 30-Oct-2023 |
| Allotment Date: | 02-Nov-2023 |
| Listing Date: | 03-Nov-2023 |
| Listing Price: | ₹185.25/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹95-100 Per Equity Share |
| Issue Size: | Total Issue Size 5,166,000 shares (aggregating up to ₹51.66 Cr) : Fresh Issue 5,166,000 shares (aggregating up to ₹51.66 Cr) |
| Market Lot (Min Amount): | Retail - ₹120,000 : HNI - ₹240,000 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 981,600 | 735,600 | 1,717,200 | 3,434,400 |
| Day 1 - 26-10-23 05:00 PM | 2.71x | 14.09x | 16.78x | 12.18x |
| Day 2 - 27-10-23 05:00 PM | 14.64x | 39.09x | 49.25x | 37.18x |
| Day 3 - 30-10-23 05:00 PM | 81.38x | 419.46x | 185.28x | 205.74x |
| Total No. of Application: | 265,138 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 185.28x | |||
| Earning Per Share(EPS) | ₹6.87/- |
| P/E Ratio | 14.56 |
| RoNW | 44.29% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 7,097.84 | 10,501.19 | 989.21 |
| 31 Mar,2022 | 5,750.53 | 8,457.92 | 449.02 |
| 31 Mar,2021 | 4,983.26 | 8,436.94 | 439.77 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.60% |
| 1. Dr. Pravinchandra Jasmat Vasolia |
| 2. Kishorkumar Panchabhai Patolia |
| 3. Vallabh Ratanji Savaliya |
| 4. Rutesh Vallabhbhai Savalia |
| 5. Shivam Kishorbhai Patolia |
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.
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.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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