Last updated on November 3, 2023
Paragon Fine IPO Description – Incorporated in 2018, Paragon Fine and Speciality Chemical is engaged in the business of custom synthesis and manufacturing of specialty chemical intermediates involving complex and differentiated chemistry. It commenced business as a partnership firm in the year 2004 and evolved into custom synthesis and manufacturing of Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates Dye Intermediates, etc. Its diverse range of products finds applications across various industries, including pharma, agrochemicals, cosmetics, pigments, and dyes.
The company expanded its commercialized product portfolio from around 100 products in FY 2021 to around 140 products in FY 2023. As of 31 March 2023, the company has a team of 14 technocrats and exported in countries like the USA, Israel, Spain, United Kingdom, China, Switzerland, Taiwan, Thailand, Mexico, Japan, Russia, France, Indonesia, Latvia, Germany, etc.
Promoters of Paragon Fine – Dr. Pravinchandra Jasmat Vasolia, Kishorkumar Panchabhai Patolia, Vallabh Ratanji Savaliya, Rutesh Vallabhbhai Savalia and Shivam Kishorbhai Patolia
Table of Contents
Paragon Fine IPO Details
| Paragon Fine IPO Dates | 26 – 30 October 2023 |
| Paragon Fine Issue Price | INR 95 – 100 per share |
| Fresh issue | 51,66,000 shares (INR 49.08 – 51.66 crore) |
| Offer For Sale | NIL |
| Total IPO size | 51,66,000 shares (INR 49.08 – 51.66 crore) |
| Minimum bid (lot size) | 1,200 Shares (INR 120,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Paragon Fine Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 |
| Revenue | 83.26 | 82.83 | 102.27 | 28.79 |
| Expenses | 78.34 | 78.41 | 91.45 | 24.14 |
| Net income | 4.40 | 4.49 | 9.89 | 3.62 |
Paragon Fine Offer News
- Paragon Fine RHP
- Paragon Fine Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Paragon Fine Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.05 | 3.12 | 6.87 |
| PE ratio | – | – | 13.83 – 14.56 |
| RONW (%) | 55.30 | 36.09 | 44.29 |
| NAV | 5.52 | 8.64 | 15.51 |
| ROCE (%) | 33.44 | 24.90 | 38.86 |
| EBITDA (%) | 7.40 | 6.77 | 12.49 |
| Debt/Equity | 2.76 | 1.66 | 1.13 |
Paragon Fine IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 November 2023 | 95 | – | 87,000 |
| 1 November 2023 | 95 | – | 87,000 |
| 31 October 2023 | 95 | – | 87,000 |
| 30 October 2023 | 85 | – | 79,500 |
| 28 October 2023 | 85 | – | 79,500 |
| 27 October 2023 | 80 | – | 75,000 |
| 26 October 2023 | 75 | – | 73,000 |
| 25 October 2023 | 67 | – | 65,500 |
| 23 October 2023 | 50 | – | 48,000 |
| 20 October 2023 | 20 | – | 18,000 |
Paragon Fine IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 981,600 | 997,200 | 1,717,200 | 3,696,000 |
| 30 Oct 2023 | 81.38 | 309.66 | 185.03 | 191.13 |
| 27 Oct 2023 | 14.64 | 29.01 | 48.36 | 34.18 |
| 26 Oct 2023 | 2.71 | 10.34 | 16.28 | 11.07 |
Paragon Fine IPO Allotment Status
Paragon Fine IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Paragon Fine IPO Dates & Listing Performance
| IPO Opening Date | 26 October 2023 |
| IPO Closing Date | 30 October 2023 |
| Finalization of Basis of Allotment | 31 October 2023 |
| Initiation of refunds | 1 November 2023 |
| Transfer of shares to demat accounts | 2 November 2023 |
| IPO Listing Date | 3 November 2023 |
| Opening Price on NSE SME | INR 225 per share (up 125%) |
| Closing Price on NSE SME | INR 213.75 per share (up 113.75%) |
Paragon Fine Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Paragon Fine Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali,
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Paragon Fine Contact Details
PARAGON FINE AND SPECIALITY CHEMICAL LIMITED
1001/1, Parshwa Tower, Near Pakvan Hotel,
S.G. Highway, Bodakdev, Ahmedabad, Gujarat-380054
Phone: +917935335483
E-mail: [email protected]
Website: www.paragonind.com
IPO FAQs
What is Paragon Fine offer size?
Paragon Fine offer size is INR 49.08 – 51.66 crores.
What is the Paragon Fine offer price band?
Paragon Fine public offer price is INR 95 – 100 per share.
What is the lot size of Paragon Fine public offer?
Paragon Fine offer lot size is 1,200 shares.
What is Paragon Fine IPO GMP today?
Paragon Fine IPO GMP today is INR 95 per share.
What is Paragon Fine kostak rate today?
Paragon Fine kostak rate today is INR NA per application.
What is Paragon Fine Subject to Sauda rate today?
Paragon Fine Subject to Sauda rate today is INR 87,000 per application.
