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Paragon Fine and Speciality Chemical Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Paragon Fine and Speciality Chemical Ltd IPO

Registered Office: 1001/1 Parshwa Tower,S G Highway Bodakdev , Ahmedabad - 380054 , Gujarat , India.
Phone : +91 7935335483   Fax:
Email :  cs@paragonind.com  
Website :  www.paragonind.com
Initial public offer of upto 51,66,000 equity shares of face value of (Rs)10/- each (the "Equity Shares") of Paragon Fine and Speciality Chemical Limited ("The Company" or "PFSCL" or "The Issuer") at an issue price of (Rs)100 per equity share for cash, aggregating up to (Rs)51.66 crores ("Public Issue") out of which 2,61,600 equity shares of face value of (Rs)10 each, at an issue price of (Rs)100 per equity share for cash, aggregating (Rs)2.62 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 49,04,400 equity shares of face value of (Rs)10 each, at an issue price of (Rs)100 per equity share for cash, aggregating upto (Rs)49.04 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.40% and 25.07 % respectively of the post-issue paid-up equity share capital of the company. The face value of the equity share is (Rs)10 each and issue price is (Rs)100 The issue price is 10 times of the face value of the equity share. Bids can be made for a minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
26-Oct-23 30-Oct-23 (Rs)100.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 46.98
Hem Securities Ltd
Project Financed through Current Offer 51.66  
Post Issue Equity Share Capital 19.57  
Issue Price (Rs)100.00  
 
Projects
Funding capital expenditure towards civil construction work in the existing premises of factoryFunding to meet working capital requirements
Repayment in full or in part of certain of its outstanding borrowingsGeneral corporate purposes
Funding capital expenditure towards installation of additional plant and machinery for expansion
Promoted By
Pravinchandra Jasmat Vasolia  
Kishorekumar Panchabhai Patoli  
Vallabh Ratanji Savaliya  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd