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News Details

19/10/2023 13:20

Paragon Fine & Speci announces launch of initial public offering

Paragon Fine & Speciality Chemical Ltd. has announced public offering of 5166000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 90.00 per share. The gross proceeds of the issue are expected to be Rs 5,166.00 lakhs.

The company's initial public offer (IPO) will open on 26 October 2023 and is expected to close on 30 October 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 95.00-100.00 per share.

The IPO includes a fresh Issue of 5166000 Equity Shares of the Company at an price of Rs 100.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Paragon Fine & Speciality Chemical Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.