Paragon Fine and Speciality Chemical makes its debut today

The shares of Paragon Fine and Speciality Chemicals debuted brilliantly on NSE SME today. The share price of Paragon Fine and Speciality Chemicals was ₹225 on NSE SME today, which is 125% more than the ₹100 issue price.

The price band for the Paragon Fine and Speciality Chemicals IPO was established between ₹95 and ₹100, and buyers were able to bid for a minimum of 1200 shares as well as multiples of that amount.

In the Paragon Fine and Speciality Chemicals initial public offering (IPO), a minimum of 15% of the shares were set aside for Non Institutional Investors (NII), a maximum of 50% of the shares for Qualified Institutional Buyers (QIB), and a minimum of 35% of the offer was set aside for Retail Investors.

Paragon Fine and Speciality Chemicals is engaged in the production of highly complex and differentiated specialty chemical intermediates through custom synthesis. The company produces pigment intermediates, dye intermediates, pharma intermediates, AGRO intermediates, and cosmetic intermediates for a wide range of Indian and international clients.