Paragon Fine And Specialty Chemicals Limited

About Paragon Fine And Specialty Chemicals Limited IPO

Incorporated in 2004, Paragon Fine And Speciality Chemicals Limited is engaged in the business of custom synthesis and manufacturing of speciality chemical intermediates involving complex and differentiated chemistry. Over the years, they evolved into custom synthesis and manufacturing of Pharma Intermediates, AGRO intermediates, Cosmetics Intermediates, Pigment Intermediates and Dye Intermediates, etc. For a diverse base of Indian and global customers. Their diverse range of products finds applications across various industries, including pharma, agrochemicals, cosmetics, pigments and dyes. The company works with an approach towards chemistry combined with technology and systems that would lead to sustained product development. 

Their manufacturing facility situated at Viramgam District, Ahmedabad, Gujarat is spread across approximately 7000 square metres. They also have a pilot plant with two glass line assemblies and three reactors installed, for batch reaction technology. They use various chemistry compositions like: Acetylation, Amination, Catalytic hydrogenation, Chlorosulfonation, Methoxylation, Nitration, Amidation, Ethoxylation, Sulphonation, etc. which enables them to cater to niche and advanced intermediate requirements of a wider range of end-products and applications. 

They are a One Star Export House exporting in countries like: USA, Israel, Spain, United Kingdom, China, Switzerland, Taiwan, Thailand, Mexico, Japan, Russia, France, Indonesia, Latvia, Germany etc

 Paragon Fine And Speciality Chemicals Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives:

 1. Funding capital expenditure towards civil construction work in the existing premises of factory.
 2. Repayment in full or in part, of certain of our outstanding borrowings; 
 3. Funding Capital Expenditure towards installation of additional plant and machinery   for Expansion.
 4. Funding to meet working capital requirements 
 5. General Corporate Purpose.

Here are key details about the Paragon Fine And Specialty Chemicals Limited IPO: