What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 1 Nov 2023.

Paragon Fine And Speciality Chemicals Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 2004, the company is engaged in custom synthesis and manufacturing of specialty chemical intermediates for Pharma, Agro, Cosmetics, Pigments, and Dyes, serving both Indian and global clients. Its manufacturing unit is located in Viramgam, Ahmedabad, Gujarat, spread across 7,000 square meters and equipped with advanced reactors for research and new product development. The company focuses strongly on innovation and multi-step synthesis, and its R&D team has developed multiple new molecules, expanding the product portfolio to around 140 products in FY 2023. As of March 31, 2023, the company has a team of 14 technocrats dedicated to research and development.

Price Band

₹95 – ₹100

Issue Size

₹51.66 Cr

Lot Size

1200 shares

GMP

₹110

+110.0%

Est. Listing

₹210

at current GMP

Subscribed

205.69x

overall

Open

26 Oct 2023

30 Oct 2023

Allotment

31 Oct 2023

Refund

1 Nov 2023

Demat Credit

2 Nov 2023

Listing

3 Nov 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Paragon Fine And Speciality Chemicals Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

31 Oct 2023

Basis finalization

Refunds Initiate

1 Nov 2023

Mandate release

Demat Credit

2 Nov 2023

Shares in demat

Listing Debut

3 Nov 2023

Trading begins

How to Check Paragon Fine And Speciality Chemicals Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Paragon Fine And Speciality Chemicals Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Paragon Fine And Speciality Chemicals Limited Public Issue & Market Profile

Paragon Fine And Speciality Chemicals Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹51.66 Crores. The shares are offered at a price band of ₹95 to ₹100 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2023-10-30, the basis of allotment is scheduled to be finalized on 2023-10-31. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.