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IPO

IPO Details


Paragon Fine and Speciality Chemical Ltd
Registered Office: 1001/1 Parshwa Tower, S G Highway Bodakdev, Ahmedabad - 380054, Gujarat
Phone: +91 7935335483
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-2023 30-Oct-2023 ₹ 100.00 ₹ 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(₹)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 ₹100.00
Projects
Funding capital expenditure towards civil construction work in the existing premises of factory
Repayment in full or in part of certain of its outstanding borrowings
Funding capital expenditure towards installation of additional plant and machinery for expansion
Funding to meet working capital requirements
General corporate purposes
Promoted By
Pravinchandra Jasmat Vasolia
Kishorekumar Panchabhai Patoli
Vallabh Ratanji Savaliya
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

17,573.30 -54.76 (-0.31%)

HANG SENG

18013.16 353.14(2.00%)