Paragon Fine And Speciality Chemicals Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹110(110.00%)
Premium (ELP)
Paragon Fine And Speciality Chemicals Limited's successfully completed its Initial Public Offering and commenced trading on Nov 03, 2023 at the NSE exchange. The company raised 51,66,000 Shares through this public offering, comprising 51,66,000 Shares in fresh capital.
The IPO was priced within the band of ₹95 to ₹100, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Oct 26, 2023 to Oct 30, 2023.
Share allotment was finalized on Oct 31, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2004, the company is engaged in custom synthesis and manufacturing of specialty chemical intermediates for Pharma, Agro, Cosmetics, Pigments, and Dyes, serving both Indian and global clients. Its manufacturing unit is located in Viramgam, Ahmedabad, Gujarat, spread across 7,000 square meters and equipped with advanced reactors for research and new product development. The company focuses strongly on innovation and multi-step synthesis, and its R&D team has developed multiple new molecules, expanding the product portfolio to around 140 products in FY 2023. As of March 31, 2023, the company has a team of 14 technocrats dedicated to research and development.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Wide range of customizable products
- Strong R&D focus using complex chemistry and advanced technology
- Long-term customer relationships across multiple countries
- In-house manufacturing with advanced technologies and processes
- Experienced Promoters and Senior Management with strong domain expertise
NA
- Dr. Pravinchandra Jasmat Vasolia
- Kishorkumar Panchabhai Patolia
- Vallabh Ratanji Savaliya
- Rutesh Vallabhbhai Savalia
- Shivam Kishorbhai Patolia
Paragon Fine And Speciality Chemicals Limited
Bigshare Services Private Limited