Paragon Fine IPO: The value band of Paragon Fine IPO has been mounted at Rs 95-100 apiece.
Paragon Fine IPO: The preliminary public providing allotment will happen on November 1 and the shares are more likely to be listed on the NSE SME on November 7
Paragon Fine IPO: The preliminary public providing (IPO) of speciality chemical maker Paragon Fine and Speciality Chemicals opened for public subscription on Thursday, October 26. The Rs 51.66-crore SME IPO will stay open until October 30. Till 14.40 pm on the primary day of bidding on Thursday, the IPO was subscribed 5.61 instances receiving 2,07,32,400 bids, based on the most recent NSE knowledge.
The IPO allotment will happen on November 1 and the shares are more likely to be listed on the NSE SME on November 7.
The unlisted shares of Paragon are buying and selling Rs 85 larger than its higher challenge value of Rs 100. The Rs 85 GMP is 85 per cent larger than the difficulty value, indicating an 85 per cent premium on the itemizing day.
The value band of Paragon Fine IPO has been mounted at Rs 95-100 apiece. Investors can bid for no less than 1,200 shares and in multiples thereof.
Paragon Fine And Speciality Chemicals IPO is a ebook constructed challenge of Rs 51.66 crores. The challenge is completely a recent challenge of 51.66 lakh shares.
The minimal quantity of funding required by retail traders is Rs 1,20,000. The minimal lot measurement funding for HNI is 2 tons (2,400 shares) amounting to Rs 2,40,000.
Paragon Fine and Speciality Chemicals, which was integrated in 2004, is concerned within the enterprise of customized synthesis and manufacturing of speciality chemical intermediates involving advanced and differentiated chemistry. The firm manufactures Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates and Dye Intermediates for a various Indian and Global buyer base.
The firm’s manufacturing unit is situated in Viramgam District, Ahmedabad, Gujarat protecting roughly 7000 sq. meters of space, outfitted with excessive-finish reactors to hold out analysis for growing new merchandise.
The firm’s R&D crew has efficiently carried out the multi-step synthesis and developed a number of new molecules within the space of specialty intermediates and because of this, enhanced their product portfolio to round 140 merchandise in Fiscal 2023. As of March 31, 2023, now we have a crew of 14 technocrats who’re engaged in Research and growth.
