New Delhi (India), October 25: The preliminary public providing (IPO) of Paragon Advantageous And Speciality Chemical compounds 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 corporate is providing 51.66 lakh shares at a worth band of Rs. 95 to Rs 100. Every lot has 1,200 fairness shares.

The corporate has reserved 24,51,600 shares for QIBs, 7,35,600 for NIIs, 17,17,200 for RIIs and a pair of,61,600 for market maker.

HEM Securities Restricted is the Guide Operating Lead Supervisor to the difficulty.

Paragon Advantageous & Specialty Chemical is concerned in customized synthesis and manufacturing of speciality chemical intermediates involving advanced and differentiated chemistry since 2004. It’s various vary of intermediates are utilized in pharma, agrochemicals, cosmetics, pigments and dyes industries. It has a 7000 sq. meter manufacturing unit in Viramgam, Ahmedabad and in addition has an in-house analysis and improvement facility.

It has 140 commercialized merchandise as on fiscal 2023, that are additionally exported to Nations in Asia, Europe & North America. Out of it’s Rs. 102.26 crore Income in FY23, exports contributed 33.87 per cent. The PAT got here in at Rs 9.89 crore and EBITDA stood at Rs 12.77 crore in FY23. The corporate has RoCE of 38.86 per cent.

The Firm can be creating  2 new merchandise, which embrace meals grade Folic Acid and HALQUINOL. Meals Grade Folic Acid is a nutrient complement for human and animal consumption. HALQUINOL is a veterinary antibiotic and feed additive. It’s used to promote animal well being and progress, stop and deal with numerous bacterial infections and enhance feed effectivity. The Industrial trials/ pattern assessments are beneath improvement.

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