Paragon Fine and Speciality Chemical Ltd - IPO

Paragon Fine and Speciality Chemical Ltd IPO Details

Initial public offer of upto 51,66,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Paragon Fine and Speciality Chemical Limited (The Company or PFSCL or The Issuer) at an issue price of Rs. 100 per equity share for cash, aggregating up to Rs. 51.66 crores (Public Issue) out of which 2,61,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 100 per equity share for cash, aggregating Rs. 2.62 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 49,04,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 100 per equity share for cash, aggregating upto Rs. 49.04 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.40% and 25.07 % respectively of the post-issue paid-up equity share capital of the company.The face value of the equity share is Rs.10 each and issue price is Rs. 100 The issue price is 10 times of the face value of the equity share.Bids can be made for a minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.

Objective of issue

Funding capital expenditure towards civil construction work in the existing premises of factory. Repayment in full or in part of certain of its outstanding borrowings. Funding capital expenditure towards installation of additional plant and machinery for expansion. Funding to meet working capital requirements. General corporate purposes.

Paragon Fine and Speciality Chemical Ltd Contact Details

Paragon Fine and Speciality Chemical Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@paragonind.com

Website - www.paragonind.com