Paragon Fine share price debut; stock lists at 125% premium at ₹225 on NSE SME

Here we are going to look at the Paragon Fire share price. As we all know the Paragon Fine share price has recently made a stellar debut in the market. The stock of the company has been listed at a 125% premium at Rs. 225 on the National Stock Exchange (NSE) SME. Paragon Fine and Speciality Chemicals debuted on the NSE SME at Rs. 225 125% higher than its issue price of Rs. 100. The shares of the company have made their official debut on the NSE SME today. Now to learn everything regarding the Pargragon Fine share price list, read this article till the last without missing anything.

Paragon Fine share

Paragon Fine share price debut

if we take a deep look at the Paragon Fine and Speciality Chemicasl IPO listing date: So the company has made a stellar debut in the NSE SME on 3rd November 2023, Friday. At the NSE SME, the Paragon Fine and Speciality Chemicals share price has been listed at Rs. 225 shares which are 125% higher than its issue price of Rs. 100. The Paragon Fine and Speciality Chemicals IPO price band has been set at an average range of Rs. 95 to Rs. 100 and now the investors can officially bid for the minimum of 1200 shares.

The company IPo has not reserved more than 50% of the shares in the public issue for the Qualified Institutional Bouyers (QIB) and it has not reserved less than 15% for the Non-Institiutional Investors (NII) and in the last, it has not reserved less than 35% of the offer which has been reserved for the retail investors. Currently, the company has engaged with the production of highly complex and has some different specialty chemical intermediates via custom synthesis. Paragon Fine and Security Chemicals produces pigment intermediates, AGRO intermediates, cosmetic intermediates, pharma intermediates, and dye intermediates for a heavy range of Indian clients and international clients.

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If we look at the Paragon Fine IPO details the Paragon Fine and Specialty Chemical IPO is worth Rs. 51.66 crores as it has a new issue of 5,166,000 equity shares. As per the Red Herring Prospectus, there is not any offer for-sale component. At this time the Paragon Fine wasn’t to use the proceeds of the issue to the funds of some projects like finance capital expenditure, finance capital expenditure for the civil construction which is happening at the Gujrat. Also, the company has to repay some of the outstanding debts in the part of in full. and also the fund of the capital expenditure for the installation of the fresh equipment.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging