Paragon Fine And Speciality Chemicals IPO Review

 
Paragon Fine And Speciality Chemicals IPO Review

IPO Open Date: October 26, 2023

IPO Close Date: October 30, 2023

IPO Price: ₹95 to ₹100 per share

Lot Size: 1200 Shares

Listing: November 7, 2023

Paragon Fine And Speciality Chemicals is scheduled to hit the market on October 26, 2023 and close on October 30, 2023. Paragon Fine And Speciality Chemicals plans to raise around ₹51.66 Cr through an IPO with a sale of up to 5,166,000 equity shares of ₹10 each. The Retail offered 35.00%, QIB Shares Offered 50.00%, HNI Shares Offered 15.00%.

Established in 2004, this company specializes in custom synthesis and the manufacturing of specialty chemical intermediates, focusing on intricate and specialized chemistry. Its product range includes Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates, and Dye Intermediates, catering to a diverse clientele both in India and globally.

Key strengths of the company encompass a versatile array of customizable products, a focus on leveraging complex chemistry and technology through dedicated R&D, enduring relationships with customers of various nationalities, and an in-house manufacturing unit equipped with cutting-edge technologies and processes. The company's Promoters and Senior Management bring to the table extensive industry experience and domain expertise.

Paragon Fine And Speciality Chemicals


Paragon Fine And Speciality Chemicals IPO Details

Paragon Fine And Speciality Chemicals IPO opens on Oct 26, 2023, and closes on Oct 30, 2023. The Listing date for Paragon Fine And Speciality Chemicals IPO is on Nov 07, 2023. The price band for IPO is ₹95 to ₹100 per share and lot size of 1200 Shares.

IPO DateOct 26, 2023 to Oct 30, 2023
Listing DateNov 07, 2023
Price₹95 to ₹100 per share
Lot Size1200 Shares
Issue Size₹51.66 Cr
Face Value₹10 per share

Paragon Fine And Speciality Chemicals IPO Tentative Timetable

Paragon Fine And Speciality Chemicals opening date is October 26, 2023 and close date is October 30, 2023. The IPO allotment date is November 2, 2023. The refund initiation of IPO is on November 3, 2023. The credit of shares in demat account is on November 6, 2023. The listing date is on November 7, 2023.

EventDate
IPO OpeningOct 26, 2023
IPO ClosingOct 30, 2023
IPO Allotment DateNov 2, 2023
Refund InitiationNov 3, 2023
Shares Credit to DematNov 6, 2023
Lisiting DateNov 7, 2023

Paragon Fine And Speciality Chemicals IPO Lot Size

Lot Size of this IPO is 600 shares. A retail-individual investor can apply for up to 1 lot (600 shares or ₹124,800).

CategoryLotsSharesAmount
Retail(Minimum)11200₹120,000
Retail(Maximum)11200₹120,000
HNI (Minimum)22400₹240,000

Paragon Fine And Speciality Chemicals IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding

Paragon Fine And Speciality Chemicals IPO Review

Paragon Fine And Speciality Chemicals Limited's IPO is generating substantial interest within the market, given its robust financial performance and strong position in the specialty chemicals sector. Comparing its key financial metrics with similar listed entities as of March 31, 2023, Paragon Fine And Speciality Chemicals Limited has exhibited a healthy Earnings per Share (EPS) of Rs 6.87 and a commendable Net Asset Value (NAV) per share of Rs 6.87. Additionally, the company's Price-to-Earnings (P/E) ratio stands at 15.51, reflecting its favorable valuation relative to its industry peers

Paragon Fine And Speciality Chemicals Limited stands out as a promising player in the sector, exhibiting a competitive edge in terms of its financial performance and market positioning. Although some of its peers, such as Aether Industries Limited and Anupam Rasayan India Ltd, display higher EPS and RoNW, Paragon Fine And Speciality Chemicals Limited's comparatively favorable P/E ratio and sound financial stability make it an appealing option for potential investors.

However, investors should conduct thorough due diligence and market analysis before making any investment decisions, considering the dynamic nature of the specialty chemicals industry. Paragon Fine And Speciality Chemicals Limited's strong financial standing and favorable market positioning suggest a positive outlook for its IPO, making it a potential candidate for long-term investment strategies.

Paragon Fine And Speciality Chemicals IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Paragon Fine And Speciality Chemicals IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Paragon Fine And Speciality Chemicals IPO FAQs

What is Paragon Fine And Speciality Chemicals IPO?

Paragon Fine And Speciality Chemicals is issuing 5,166,000 equity shares with a face value of ₹10 each, totaling up to ₹51.66 Cr. The shares are being offered at a price of ₹95 to ₹100 each, with a minimum order quantity of 1200 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Paragon Fine And Speciality Chemicals IPO will open?

Paragon Fine And Speciality Chemicals will open on October 26, 2023 for QIB, NII, and Retail Investors.

When Paragon Fine And Speciality Chemicals IPO will end?

Paragon Fine And Speciality Chemicals will end on October 30, 2023.

What is Paragon Fine And Speciality Chemicals IPO Size?

Paragon Fine And Speciality Chemicals IPO size is 51.66 Cr.

What is Paragon Fine And Speciality Chemicals IPO Price Band?

Paragon Fine And Speciality Chemicals price band is ₹95 to ₹100 per share.

What is the Paragon Fine And Speciality Chemicals IPO Allotment Date?

Paragon Fine And Speciality Chemicals allotment date is November 2, 2023.

What is the Paragon Fine And Speciality Chemicals IPO Listing Date?

Paragon Fine And Speciality Chemicals listing date is November 7, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Paragon Fine And Speciality Chemicals IPO through Zerodha?

To apply for the IPO “Paragon Fine And Speciality Chemicals” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Paragon Fine And Speciality Chemicals IPO through Upstox?

To apply for the IPO “Paragon Fine And Speciality Chemicals” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Paragon Fine And Speciality Chemicals IPO Allotment Status?

For Paragon Fine And Speciality Chemicals IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Paragon Fine And Speciality Chemicals IPO GMP?

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