Paragon Fine and Speciality Chemicals Limited

Company Profile
Company Name Paragon Fine and Speciality Chemicals Limited
Open Date 26-10-2023
Close Date 30-10-2023
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹95 to ₹100 per share
Issue Size 51,66,000 Equity Shares
Application Amount ₹ 1,20,000
Recommendation Apply
Paragon Fine and Speciality Chemicals Limited was originally formed as a partnership firm in the year 2003 and has its registered office in Gujarat. The Company is engaged in the business of custom synthesis and manufacturing of speciality chemical intermediates involving complex and differentiated chemistry. The company has over the years evolved into custom synthesis and, manufacturing of Pharma Intermediates, AGRO Intermediates, Cosmetics Intermediates, Pigment Intermediates, Dye Intermediates, etc, for a diverse base of Indian and Global customers. As of 30th June 2023, the Company had 56 full-time employees, and 5 workers on a contractual basis on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 4,983.25 5,750.52 7,097.85
Net Assets 795.29 1,244.31 2,233.52
Total Borrowings 2,193.00 2,068.16 2,521.03
Total Revenue 8,436.94 8,457.92 10,501.19
Profit After Tax 439.76 449.02 989.20

Tentative Timeline

Opening Date 26-10-2023
Closing Date 30-10-2023
Basis of Allotment 02-11-2023
Initiation of Refunds 03-11-2023
Credit of Shares to Demat 06-11-2023
Listing Date 07-11-2023

Objects of the Issue

Funding capital expenditure for civil construction and installation of additional plant and machinery
Repayment in full or in part of outstanding borrowings.
To meet working capital requirements and general corporate purposes

Contact Information

Registered Office Paragon Fine And Speciality Chemicals Limited 1001/1, Parshwa Tower, Near Pakvan Hotel S.G. Highway, Bodakdev Ahmedabad, 380054
Phone +917935335483

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.60%

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