Agarwal Float Glass India IPO vs Patron Exim IPO

Comparision between Agarwal Float Glass India IPO and Patron Exim IPO.

IPO Details

Agarwal Float Glass India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Patron Exim IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Agarwal Float Glass India IPO	Patron Exim IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Interactive Financial Services Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Smc Global Securities Ltd.	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Agarwal Float Glass India IPO is up to ₹9.20 Cr whereas the issue size of the Patron Exim IPO is up to ₹16.69 Cr. The final issue price of Agarwal Float Glass India IPO is ₹42.00 per share and of Patron Exim IPO is ₹27.00 per share.

	Agarwal Float Glass India IPO	Patron Exim IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹42.00 per share	₹27.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size	21,90,000 shares	61,80,000 shares
Fresh Issue Size (Amount)	up to ₹9.20 Cr	up to ₹16.69 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,90,000 shares	61,80,000 shares
Issue Size Total (Amount)	up to ₹9.20 Cr	up to ₹16.69 Cr

IPO Timetable

Agarwal Float Glass India IPO opens on Feb 10, 2023, while Patron Exim IPO opens on Feb 21, 2023. The closing date of Agarwal Float Glass India IPO and Patron Exim IPO is Feb 15, 2023, and Feb 24, 2023, respectively.

	Agarwal Float Glass India IPO	Patron Exim IPO
Anchor Bid Date
Issue Open	Feb 10, 2023	Feb 21, 2023
Issue Close	Feb 15, 2023	Feb 24, 2023
Basis Of Allotment (Tentative)	Feb 20, 2023	Mar 01, 2023
Initiation of Refunds (Tentative)	Feb 21, 2023	Mar 02, 2023
Credit of Share (Tentative)	Feb 22, 2023	Mar 03, 2023
Listing date (Tentative)	Feb 23, 2023	Mar 06, 2023
Anchor Lockin End date 1	Mar 22, 2023	Mar 31, 2023
Anchor Lockin End date 2	May 21, 2023	May 30, 2023

Financials

Agarwal Float Glass India IPO P/E ratio is 5.68, as compared to Patron Exim IPO P/E ratio of 28.72.

Agarwal Float Glass India IPO

Patron Exim IPO

Financial

Agarwal Float Glass India Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,767.31	3,227.43	8.83	201.30	-0.84	1,120.38
31-Mar-21	1,811.87	3,188.13	24.73	226.02	23.88	1,175.30
31-Mar-22	1,761.79	4,216.91	101.68	327.68	125.54	1,141.78
30-Sep-22	2,177.31	2,369.04	267.75	595.43	393.29	1,167.91
Amount in ₹ Lakhs

Patron Exim Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	1,634.01	2,516.44	2.20	259.43	137.18
31-Mar-21	810.93	2,053.72	7.31	270.43	236.99
31-Mar-22	1,464.57	501.61	83.11	514.46	0.00
30-Nov-22	2,447.61	1,054.12	145.41	1,625.87	617.64
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

97.06%

Promoter Shareholding (Post-Issue)

69.77%

71.18%

P/E Ratio

5.68

28.72

Market Cap

₹30.42 Cr.

₹62.59 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Agarwal Float Glass India IPO retail investors (RII) are offered 10,38,000 shares while in Patron Exim IPO retail investors are offered 10,38,000 shares. Qualified institutional buyers (QIB) are offered in Agarwal Float Glass India IPO and in Patron Exim IPO.

	Agarwal Float Glass India IPO	Patron Exim IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,14,000 shares	3,16,000 shares
QIB
NII	10,38,000 shares	29,32,000 shares
RII	10,38,000 shares	29,32,000 shares
Employee
Others
Total	20,76,000 shares	58,64,000 shares

Bids Received (Subscription)

Agarwal Float Glass India IPO subscribed 5.16x in total, whereas Patron Exim IPO subscribed 1.07x.

	Agarwal Float Glass India IPO	Patron Exim IPO
QIB (times)
NII (times)	3.13x	0.97x
Big NII (times)
Small NII (times)
RII (times)	7.20x	1.17x
Employee (times)
Other (times)
Total (times)	5.16x	1.07x

Compare with others

Agarwal Float Glass India IPO	Patron Exim IPO
ITCONS E-Solutions IPO	SVJ Enterprises IPO
Viaz Tyres IPO	Sealmatic India IPO
Patron Exim IPO	Macfos IPO
Lead Reclaim and Rubber Products IPO	ITCONS E-Solutions IPO
Indong Tea Company IPO	Viaz Tyres IPO
Shera Energy IPO	Lead Reclaim and Rubber Products IPO
Gayatri Rubbers and Chemicals IPO	Indong Tea Company IPO
Earthstahl & Alloys IPO	Agarwal Float Glass India IPO
Transvoy Logistics India IPO	Shera Energy IPO
DHARNI Capital Services IPO	Gayatri Rubbers and Chemicals IPO

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