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Paragon Fine and Speciality Chemical Ltd

Registered Office : 1001/1 Parshwa Tower,S G Highway Bodakdev,Ahmedabad Gujarat 380054 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

Opens On

Closes On

26-Oct-2023

30-Oct-2023

Money Payable On

Application

Allotment

100.00

0.00

Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

46.98

51.66

19.57

100.00

Hem Securities Ltd

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