Paragon Fine IPO GMP, Review, Price, Allotment

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Last updated on November 3, 2023

Paragon Fine IPO GMP

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.

Paragon Fine and Speciality Chemical

Promoters of Paragon Fine – Dr. Pravinchandra Jasmat Vasolia, Kishorkumar Panchabhai Patolia, Vallabh Ratanji Savaliya, Rutesh Vallabhbhai Savalia and Shivam Kishorbhai Patolia


Paragon Fine IPO Details

Paragon Fine IPO Dates26 – 30 October 2023
Paragon Fine Issue PriceINR 95 – 100 per share
Fresh issue51,66,000 shares (INR 49.08 – 51.66 crore)
Offer For SaleNIL
Total IPO size51,66,000 shares (INR 49.08 – 51.66 crore)
Minimum bid (lot size)1,200 Shares (INR 120,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Paragon Fine Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Revenue83.2682.83102.2728.79
Expenses78.3478.4191.4524.14
Net income4.404.499.893.62
Figures in INR Crores unless specified otherwise

Paragon Fine Offer News


Paragon Fine Valuations & Margins

FY 2021FY 2022FY 2023
EPS3.053.126.87
PE ratio13.83 – 14.56
RONW (%)55.3036.0944.29
NAV5.528.6415.51
ROCE (%)33.4424.9038.86
EBITDA (%)7.406.7712.49
Debt/Equity 2.761.661.13
*Compiled by IPO Central from Prospectus

Paragon Fine IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
2 November 20239587,000
1 November 20239587,000
31 October 20239587,000
30 October 20238579,500
28 October 20238579,500
27 October 20238075,000
26 October 20237573,000
25 October 20236765,500
23 October 20235048,000
20 October 20232018,000

Paragon Fine IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered981,600997,2001,717,2003,696,000
30 Oct 202381.38309.66185.03191.13
27 Oct 202314.6429.0148.3634.18
26 Oct 20232.7110.3416.2811.07

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 Date26 October 2023
IPO Closing Date30 October 2023
Finalization of Basis of Allotment31 October 2023
Initiation of refunds1 November 2023
Transfer of shares to demat accounts2 November 2023
IPO Listing Date3 November 2023
Opening Price on NSE SMEINR 225 per share (up 125%)
Closing Price on NSE SMEINR 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[email protected]
Website: 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: +91 22 6263 8200
Email:  [email protected]
Website: 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.

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