Indong Tea Company IPO vs Patron Exim IPO

Comparision between Indong Tea Company IPO and Patron Exim IPO.

IPO Details

Indong Tea Company IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Patron Exim IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Indong Tea Company IPO	Patron Exim IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Interactive Financial Services Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	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 Indong Tea Company IPO is up to ₹13.01 Cr whereas the issue size of the Patron Exim IPO is up to ₹16.69 Cr. The final issue price of Indong Tea Company IPO is ₹26.00 per share and of Patron Exim IPO is ₹27.00 per share.

	Indong Tea Company IPO	Patron Exim IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹26.00 per share	₹27.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	4000 shares
Fresh Issue Size	50,04,000 shares	61,80,000 shares
Fresh Issue Size (Amount)	up to ₹13.01 Cr	up to ₹16.69 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	50,04,000 shares	61,80,000 shares
Issue Size Total (Amount)	up to ₹13.01 Cr	up to ₹16.69 Cr

IPO Timetable

Indong Tea Company IPO opens on Feb 09, 2023, while Patron Exim IPO opens on Feb 21, 2023. The closing date of Indong Tea Company IPO and Patron Exim IPO is Feb 13, 2023, and Feb 24, 2023, respectively.

	Indong Tea Company IPO	Patron Exim IPO
Anchor Bid Date
Issue Open	Feb 09, 2023	Feb 21, 2023
Issue Close	Feb 13, 2023	Feb 24, 2023
Basis Of Allotment (Tentative)	Feb 16, 2023	Mar 01, 2023
Initiation of Refunds (Tentative)	Feb 17, 2023	Mar 02, 2023
Credit of Share (Tentative)	Feb 20, 2023	Mar 03, 2023
Listing date (Tentative)	Feb 21, 2023	Mar 06, 2023
Anchor Lockin End date 1	Mar 18, 2023	Mar 31, 2023
Anchor Lockin End date 2	May 17, 2023	May 30, 2023

Financials

Indong Tea Company IPO P/E ratio is 9.52, as compared to Patron Exim IPO P/E ratio of 28.72.

Indong Tea Company IPO

Patron Exim IPO

Financial

Indong Tea Company Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,136.26	1,672.64	-121.29	-421.85	1,174.94	2,097.43
31-Mar-21	4,059.79	2,313.00	127.56	-294.30	1,302.49	1,841.74
31-Mar-22	4,324.96	1,992.97	131.62	863.68	1,971.48	960.09
30-Sep-22	4,689.74	1,324.22	204.61	1,068.29	2,176.09	1,047.42
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)

96.09%

97.06%

Promoter Shareholding (Post-Issue)

64.03%

71.18%

P/E Ratio

9.52

28.72

Market Cap

₹39.00 Cr.

₹62.59 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Indong Tea Company IPO retail investors (RII) are offered 23,76,000 shares while in Patron Exim IPO retail investors are offered 23,76,000 shares. Qualified institutional buyers (QIB) are offered in Indong Tea Company IPO and in Patron Exim IPO.

	Indong Tea Company IPO	Patron Exim IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,52,000 shares	3,16,000 shares
QIB
NII	23,76,000 shares	29,32,000 shares
RII	23,76,000 shares	29,32,000 shares
Employee
Others
Total	47,52,000 shares	58,64,000 shares

Bids Received (Subscription)

Indong Tea Company IPO subscribed 4.97x in total, whereas Patron Exim IPO subscribed 1.07x.

	Indong Tea Company IPO	Patron Exim IPO
QIB (times)
NII (times)	2.17x	0.97x
Big NII (times)
Small NII (times)
RII (times)	7.76x	1.17x
Employee (times)
Other (times)
Total (times)	4.97x	1.07x

Compare with others

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

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