Paragon Fine And Speciality Chemicals Limited IPO
1. Core Business Activity: The primary focus of the business is custom synthesis and manufacturing of specialty chemical intermediates. This involves creating chemical compounds with complex and differentiated chemistry to meet the specific needs of customers.
2. Business Evolution: The business started as a partnership firm in 2004 and has evolved over the years to specialize in the custom synthesis and manufacturing of various types of intermediates, including Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates, and Dye Intermediates.
3. Diverse Customer Base: The company serves a diverse customer base that includes both Indian and global customers. This diversity extends across industries such as pharmaceuticals, agrochemicals, cosmetics, pigments, and dyes.
4. Technology and Systems Approach: The company’s approach is centered on the fusion of chemistry with technology and systems. This approach is aimed at facilitating sustained product development.
5. Manufacturing Facility: The business operates from a manufacturing facility located in Viramgam District, Ahmedabad, Gujarat. This facility covers approximately 7000 square meters and is equipped with reactors capable of producing a wide range of products.
6. Research and Development (R&D): They have in-house R&D facility, recognized by the Department of Scientific and Industrial Research, focuses on catalytic processes and new chemical screening. This has enabled them to diversify their product portfolio and achieve operational efficiencies. From Fiscal 2021 to 2023, the R&D team expanded the commercial offerings from 100 to 140 products. As of March 31, 2023, the team comprises 14 technocrats with degrees in science and engineering.
7. Product Portfolio: The company has a diversified product portfolio due to its R&D and technological capabilities. As of the given fiscal year, they have around 140 different products.
8. Global Export: The business has earned a One Star Export House status and exports its products to various countries, including the USA, Israel, Spain, United Kingdom, China, Switzerland, Taiwan, Thailand, Mexico, Japan, Russia, France, Indonesia, Latvia, Germany, and more.
9. Revenue Concentration: The company’s revenue is derived from the sale of its various products. The revenue distribution is not evenly spread across products; some products contribute significantly more to the company’s total revenue than others.
Objects of the Paragon Fine And Speciality Chemicals Limited IPO:
Paragon Fine And Speciality Chemicals Limited IPO Details:
|Open Date:||Oct 26 2023|
|Close Date:||Oct 30 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||51.66 Cr.|
|Lot Size:||1200 Shares|
|Issue Price:||₹ 95 - 100 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Nov 07 2023|
Promoters And Management:
Financials of Paragon Fine And Speciality Chemicals Limited IPO:
Particulars ( In Lakhs )
|Revenue from Operations||8,326||8,283||10,227||2,879|
|Cost of Material Consumed||5,759||6,212||7,448||1,884|
|Change in inventories||2||-654||-223||142|
|Employee benefits expenses||644||653||515||106|
|Depreciation & Amortisation||60||70||83||22|
Comparison With Peers:
|Name of the Company||Revenue (In Crore)||PAT (In Crore)||EPS ( in Rs)||P/E||CMP||Mcap (In Crore)|
|Paragon Fine And Speciality Chemical Limited||102||10||5.05||19.8||100||196|
|Aether Industries Limited||651||130||10.47||90.8||890||11,799|
|Anupam Rasayan India Ltd||1,602||217||16.84||50.7||845||9,106|
|Bodal Chemicals Ltd||1,574||38||3.03||53.1||74.6||941|
|Deepak Nitrite Ltd||7,972||852||62.47||35.9||2,020||27,544|