Paragon Fine and Speciality Chemical off to a flyer, lists at 125% premium
Fri, Nov 3, 2023 11:33 AM

Paragon Fine and Speciality Chemical off to a flyer, lists at 125% premium

A Flip by Shubhangi Gupta
Get it on Google Play
Paragon Fine & Speciality Chemical raised Rs 51.66 cr in their IPO which was oversubscribed by 205 times. They will use proceeds to fund factory construction, bring down debt and meet working capital needs. Anchor investors included Morgan Stanley, LC Radiance Fund VCC & more. In FY23, net profit jumped 120.3%, revenue grew 23.5%, EBITDA increased 118.5% & margins expanded 545 bps.

More great flips

Stock market holiday: Why is Indian share market shut tomorrow?

Stock market holiday: Why is Indian share market shut tomorrow?

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be observing a significant closure on May 20. This is due to the fifth voting phase for the Lok Sabha Election 2024 in Mumbai, marking the second holiday of the month. The closure is in line with the seven-phase election, as all six seats in the city are set for polling.

Open Flip
Prediction: This Will Be the Next Artificial Intelligence (AI) Company

Prediction: This Will Be the Next Artificial Intelligence (AI) Company

Several technology companies have recently undergone stock splits. Some of the more notable stock splits in the tech realm in recent memory include "Magnificent Seven" members Tesla, Nvidia, Amazon, Alphabet, and Apple.While there are a number of upcoming stock splits to be aware of, there is one artificial intelligence (AI) company that I think could be next in line: ServiceNow (NYSE: NOW).

Open Flip
You Can Do Better Than the S&P 500. Buy This ETF Instead

You Can Do Better Than the S&P 500. Buy This ETF Instead

Investing isn't a one-size-fits-all situation, which is why there are so many different investment approaches you can follow. And yet the common reference point for most investors is the S&P 500 (SNPINDEX: ^GSPC) index. Here's one big problem for a retired investor in need of income who just defaults to the S&P 500: The index's dividend yield is a scant 1.3% today.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon