{"id":4675,"date":"2023-10-28T11:07:04","date_gmt":"2023-10-28T05:37:04","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4675"},"modified":"2024-08-27T11:56:48","modified_gmt":"2024-08-27T06:26:48","slug":"ipo-paragon-fine-and-speciality-chemicals-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-paragon-fine-and-speciality-chemicals-limited\/","title":{"rendered":"IPO : Paragon Fine And Speciality Chemicals Limited"},"content":{"rendered":"

Paragon Fine And Speciality Chemicals Limited IPO<\/h1>\n

Established in 2004, Paragon Fine and Specialty Chemical Ltd embarked on its journey under the name \u201cPARAGON INDUSTRIES\u201d. With visionary leaders at the helm, we have evolved into a prominent global supplier, specializing in the custom manufacturing of Specialty Intermediates, Cosmetics Intermediates, Pharma Intermediates, and Agro Intermediates. Our diverse range of products finds applications across various industries, including Pharma, Medical devices, Electronics, Paper, Leather, Plastics, and polymers.<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nPARAGON<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nBook Built Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nOctober 26, 2023 (Thursday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nOctober 30, 2023 (Monday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\nRs.95 To Rs.100 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.51.66 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.10 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Paragon Fine And Speciality Chemicals IPO is a book built issue of Rs 51.66 crores. The issue is entirely a fresh issue of 51.66 lakh shares.<\/p>\n

Paragon Fine And Speciality Chemicals IPO bidding opened for subscription on October 26, 2023 and will close on October 30, 2023. The allotment for the Paragon Fine And Speciality Chemicals IPO is expected to be finalized on Thursday, November 2, 2023. Paragon Fine And Speciality Chemicals IPO will list on NSE SME with tentative listing date fixed as Tuesday, November 7, 2023.<\/p>\n

Paragon Fine And Speciality Chemicals IPO price band is set at \u20b995 to \u20b9100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is \u20b9120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to \u20b9240,000.<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n1200 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,20,000<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n1200 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,20,000<\/strong><\/td>\n<\/tr>\n
\u00a0PROMOTER HOLDING<\/strong><\/td>\n73.60 % (Post-issue)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nNovember 7,2023 (Tuesday)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nNSE-SME<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Hem Securities Limited\u00a0is the book running lead manager of the Paragon Fine And Speciality Chemicals IPO, while\u00a0Bigshare Services Pvt Ltd\u00a0is the registrar for the issue. The market maker for Paragon Fine And Speciality Chemicals IPO is\u00a0Hem Finlease.<\/p>\n

Refer to\u00a0Paragon Fine And Speciality Chemicals IPO RHP\u00a0for detailed information.<\/p>\n

Objects of the Issue (Paragon Fine And Speciality Chemicals IPO Objectives)<\/h2>\n

The company\u00a0intends to utilize the proceeds of the Issue to meet the following objectives: –<\/p>\n

1. Funding capital expenditure towards civil construction work in the existing premises of the factory<\/p>\n

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.<\/p>\n

3. Repayment in full or in part, of certain of our outstanding borrowings;<\/p>\n

4. Funding Capital Expenditure towards the installation of additional plant and machinery for Expansion.<\/p>\n

5. Funding to meet working capital requirements 6. General Corporate Purpose.<\/p>\n