Paragon Chemicals IPO GMP, Date, Lot Size, Subscribe or not?

The IPO for Paragon Fine and Specialty Chemical is scheduled to begin on October 26, 2023, and end on October 30, 2023. The NSE SME Paragon Fine and Specialty Chemical is planning an IPO to raise ₹51.66 crores. For the IPO of Paragon Fine and Specialty Chemical, the market lot size is 1200 shares, and the price range is set at ₹95 to ₹100. It is anticipated that the Paragon Chemicals IPO allotment will be completed on November 2, 2023, with refunds starting on November 3, 2023, and shares being credited to demat on November 6, 2023. November 7, 2023, is the proposed listing date for Paragon Chemicals IPO on NSE SME.

Paragon Chemicals IPO

In light of previous years’ financial performance of Paragon Chemicals IPO, earnings growth accelerated in FY23 compared to FY22, while growth was relatively muted in FY22 over FY23. Net profit increased 120.3 percent year over year to Rs 9.89 crore for the year ended March FY23, with revenue from operations growing 23.5 percent to Rs 102.3 crore. 

The profitability of Paragon Chemicals IPO was primarily driven by the operating performance, with EBITDA (earnings before interest, tax, depreciation, and amortization) rising 118.5 percent YoY to Rs 12.83 crore and margin expansion of 545 basis points to 12.54 percent for the year FY23. Profit for the quarter ended June FY24 was Rs 3.62 crore on revenue of Rs 28.8 crore.

Paragon Chemical IPO GMP

According to experts in the market, the most recent GMP for the IPO of Paragon Fine and Specialty Chemical Ltd is Rs 55. The projected listing price for the Paragon Fine And Specialty Chemicals SME IPO is Rs 155 (cap price plus today’s GMP), which corresponds to the price band of 100.00. It is anticipated that each share would see a gain or loss of 55.00%.

IPO Open Date October 26, 2023
IPO Close Date October 30, 2023
IPO Size Approx ₹51.66 Crores, 5,166,000 Equity Shares
Face Value ₹10 Per Equity Share
IPO Price Band ₹95 to ₹100 Per Equity Share
Retail Quota 35% of the net offer
QIB Quota 50% of the net offer
NII Quota 15% of the net offer
Basis of Allotment November 2, 2023
Refunds November 3, 2023
Credit to Demat Account November 6, 2023
IPO Listing Date November 7, 2023
IPO Listing on NSE SME
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The company’s net profit increased by 120.3% year-over-year to Rs 9.89 crore for the year that ended in March FY23, while income from operations increased by 23.5% to Rs 102.3 crore. These figures pertain to the company’s overall financial performance. Earnings before interest, tax, depreciation, and amortization (also known as EBITDA) increased by 118.5% year over year to reach Rs 12.83 crore.

Paragon Chemicals IPO Listing Date

The Ahmedabad-based firm produces goods for pharmaceuticals, electronics, medical devices, paper, leather, plastics, and polymers. By November 2, the basis for the IPO share allocation will be finalized, and by November 7, the equity shares will be deposited to the demat accounts of qualified investors.

Paragon Chemicals IPO GMP

Paragon Fine And Speciality Chemicals IPO Lot Size

Qualified institutional buyers (QIBs) will get 50% of the 4904400 shares that make up the net issuance (not including the market maker component) for the general public. Retail investors are allocated a quota of 35%, with the remaining 15% designated for high-net-worth people (non-institutional investors). In the offer, investors may bid in multiples of 1,200 shares at least and 1,200 shares at maximum for equity shares. 

Paragon Chemicals SME IPO Buy or Not

The price at which an initial public offering (IPO) is sold on an unofficial or unregulated grey market prior to its listing is referred to as the grey market premium (GMP). The GMP is a reflection of how an initial public offering (IPO) of a given firm would behave on the day it is listed. If the GMP premium is positive, this suggests that the initial public offering (IPO) will likely result in a profit, but if the GMP premium is negative, this indicates that the IPO will likely result in a loss.

It is important to keep in mind that IPO GMP is susceptible to high levels of volatility, hence, making an investment choice purely on the basis of Paragon Fine And Specialty Chemicals SME IPO GMP would be fraught with difficulty. Therefore, before making an investment, it is important to analyze all of the relevant considerations and come to an informed choice about whether or not to participate in the Paragon Fine And Specialty Chemicals SME IPO.

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