Primex News International

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Beyond Boundaries: Asian Hajj and Umrah Expo 2024 Emerges as Asia’s Largest Pilgrimage Expo with 100+ Partners & Exhibitors

    November 30, 2023

    ACL Chronicles: From Diagnosis to Rehabilitation – A Holistic Approach

    November 30, 2023

    Feather Cap Book Series Revolutionizes Early Education: A Milestone by Vidya Prakashan Mandir (P) Ltd

    November 30, 2023
    Facebook Twitter Instagram
    Primex News International
    • Home
    Facebook Twitter Instagram
    Primex News International
    Home»Business»Paragon IPO to open on Oct 26, to list on NSE Emerge
    Business

    Paragon IPO to open on Oct 26, to list on NSE Emerge

    techadminBy techadminOctober 25, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email

    New Delhi (India), October 25: The initial public offering (IPO) of Paragon Fine And Speciality Chemicals will open for subscription on October 26. Its shares are proposed to be listed on NSE Emerge.

    The Rs 51.66 crore IPO will conclude on October 30. The company is offering 51.66 lakh shares at a price band of Rs. 95 to Rs 100. Each lot has 1,200 equity shares.

    The company has reserved 24,51,600 shares for QIBs, 7,35,600 for NIIs, 17,17,200 for RIIs and 2,61,600 for market maker.

    HEM Securities Limited is the Book Running Lead Manager to the issue.

    Paragon Fine & Specialty Chemical is involved in custom synthesis and manufacturing of speciality chemical intermediates involving complex and differentiated chemistry since 2004. It’s diverse range of intermediates are used in pharma, agrochemicals, cosmetics, pigments and dyes industries. It has a 7000 square meter manufacturing unit in Viramgam, Ahmedabad and also has an in-house research and development facility.

    It has 140 commercialized products as on fiscal 2023, which are also exported to Countries in Asia, Europe & North America. Out of it’s Rs. 102.26 crore Revenue in FY23, exports contributed 33.87 per cent. The PAT came in at Rs 9.89 crore and EBITDA stood at Rs 12.77 crore in FY23. The company has RoCE of 38.86 per cent.

    The Company is also developing  2 new products, which include food grade Folic Acid and HALQUINOL. Food Grade Folic Acid is a nutrient supplement for human and animal consumption. HALQUINOL is a veterinary antibiotic and feed additive. It is used to promote animal health and growth, prevent and treat various bacterial infections and improve feed efficiency. The Commercial trials/ sample tests are under development.

    If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

    Business
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    techadmin
    • Website

    Related Posts

    Beyond Boundaries: Asian Hajj and Umrah Expo 2024 Emerges as Asia’s Largest Pilgrimage Expo with 100+ Partners & Exhibitors

    November 30, 2023

    Feather Cap Book Series Revolutionizes Early Education: A Milestone by Vidya Prakashan Mandir (P) Ltd

    November 30, 2023

    Sachin Salunkhe Leads India’s Pioneering Role in Global Fintech Evolution at ICION Fest

    November 30, 2023

    Alok Anand’s Triumph: From Dreams to Reality, Navigating Floods and Pandemics in the Pursuit of a Sustainable Community

    November 30, 2023

    Action Tesa introduces Studio on Wheels: A Revolution in Home Design and Renovation

    November 30, 2023

    Cannarma raises undisclosed money from Zero to One Fund at pre-money Valuation of INR 17 crore (USD 2.04 million) to diversify hemp product line

    November 30, 2023
    Top Reviews
    Editors Picks

    Beyond Boundaries: Asian Hajj and Umrah Expo 2024 Emerges as Asia’s Largest Pilgrimage Expo with 100+ Partners & Exhibitors

    November 30, 2023

    ACL Chronicles: From Diagnosis to Rehabilitation – A Holistic Approach

    November 30, 2023

    Feather Cap Book Series Revolutionizes Early Education: A Milestone by Vidya Prakashan Mandir (P) Ltd

    November 30, 2023

    “Monica Jewellers partners OLocker and Introduces ‘Gold Guard’ Program: FREE JEWELLERY INSURANCE for Customer’s!”

    November 30, 2023
    About Us
    About Us
    Our Picks

    Beyond Boundaries: Asian Hajj and Umrah Expo 2024 Emerges as Asia’s Largest Pilgrimage Expo with 100+ Partners & Exhibitors

    November 30, 2023

    ACL Chronicles: From Diagnosis to Rehabilitation – A Holistic Approach

    November 30, 2023

    Feather Cap Book Series Revolutionizes Early Education: A Milestone by Vidya Prakashan Mandir (P) Ltd

    November 30, 2023
    Top Reviews
    © 2023 Primex News International. Designed by Primex Media Services.
    • Home

    Type above and press Enter to search. Press Esc to cancel.