Issue Price
₹100
Per Share
GMP
NIL
Grey Market
Est. Listing
₹100
Expected Price
Min. Application
₹240,000
2 lots × 1200 shares
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 productsFocus on R&D to leverage complex chemistry and technologyLong-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.
Paragon Fine & Speciality Chemical Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 261,600 | — | ₹2.62 Cr | — |
| TOTAL | 5,166,000 | 100.00% | ₹51.66 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹120,000 |
| Retail (Max) | 13 | 15,600 | ₹1,560,000 |
| sNII (Min) | 14 | 16,800 | ₹1,680,000 |
| bNII (Min) | 68 | 81,600 | ₹8,160,000 |
| Particulars | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 2900.43 | 10501.19 | 8457.92 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 362.16 | 989.21 | 449.02 |
| Net Worth | 2595.67 | 2233.52 | 1244.31 |
| Total Assets | 7412.19 | 7097.84 | 5750.53 |
| Reserves & Surplus | 2235.67 | 1873.52 | 1234.31 |
| Total Borrowings | 2709.67 | 2521.03 | 2068.16 |