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IPO : Paragon Fine And Speciality Chemicals Limited

IPO : Paragon Fine And Speciality Chemicals Limited
  • By Goodwill
  • 2 Comments
  • October 28, 2023

IPO : Paragon Fine And Speciality Chemicals Limited

Paragon Fine And Speciality Chemicals Limited IPO

Established in 2004, Paragon Fine and Specialty Chemical Ltd embarked on its journey under the name “PARAGON INDUSTRIES”. 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.

 SYMBOL PARAGON
 ISSUE TYPE Book Built Issue IPO
 ISSUE OPENS ON October 26, 2023 (Thursday)
 ISSUE CLOSES ON October 30, 2023 (Monday)
 ISSUE PRICE Rs.95 To Rs.100 per share
 ISSUE SIZE Up to Rs.51.66 Crores
 FACE VALUE Rs.10 per share

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.

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.

Paragon Fine And Speciality Chemicals IPO price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.

 MINIMUM BID 1200 shares
 MINIMUM AMOUNT  Rs.1,20,000
 MAXIMUM BID 1200 shares
 MAXIMUM AMOUNT  Rs.1,20,000
 PROMOTER HOLDING 73.60 % (Post-issue)
 LISTING DATE November 7,2023 (Tuesday)
 LISTING AT NSE-SME

Hem Securities Limited is the book running lead manager of the Paragon Fine And Speciality Chemicals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Paragon Fine And Speciality Chemicals IPO is Hem Finlease.

Refer to Paragon Fine And Speciality Chemicals IPO RHP for detailed information.

Objects of the Issue (Paragon Fine And Speciality Chemicals IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objectives: –

1. Funding capital expenditure towards civil construction work in the existing premises of the factory

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.

3. Repayment in full or in part, of certain of our outstanding borrowings;

4. Funding Capital Expenditure towards the installation of additional plant and machinery for Expansion.

5. Funding to meet working capital requirements 6. General Corporate Purpose.

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