ITCONS E-Solutions IPO vs Patron Exim IPO

Comparision between ITCONS E-Solutions IPO and Patron Exim IPO.

IPO Details

ITCONS E-Solutions 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.

	ITCONS E-Solutions 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 ITCONS E-Solutions IPO is up to ₹8.67 Cr whereas the issue size of the Patron Exim IPO is up to ₹16.69 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of Patron Exim IPO is ₹27.00 per share.

	ITCONS E-Solutions IPO	Patron Exim IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹51.00 per share	₹27.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size	17,00,000 shares	61,80,000 shares
Fresh Issue Size (Amount)	up to ₹8.67 Cr	up to ₹16.69 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,00,000 shares	61,80,000 shares
Issue Size Total (Amount)	up to ₹8.67 Cr	up to ₹16.69 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while Patron Exim IPO opens on Feb 21, 2023. The closing date of ITCONS E-Solutions IPO and Patron Exim IPO is Mar 02, 2023, and Feb 24, 2023, respectively.

	ITCONS E-Solutions IPO	Patron Exim IPO
Anchor Bid Date
Issue Open	Feb 28, 2023	Feb 21, 2023
Issue Close	Mar 02, 2023	Feb 24, 2023
Basis Of Allotment (Tentative)	Mar 08, 2023	Mar 01, 2023
Initiation of Refunds (Tentative)	Mar 09, 2023	Mar 02, 2023
Credit of Share (Tentative)	Mar 10, 2023	Mar 03, 2023
Listing date (Tentative)	Mar 13, 2023	Mar 06, 2023
Anchor Lockin End date 1	Apr 07, 2023	Mar 31, 2023
Anchor Lockin End date 2	Jun 06, 2023	May 30, 2023

Financials

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to Patron Exim IPO P/E ratio of 28.72.

ITCONS E-Solutions IPO

Patron Exim IPO

Financial

ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	351.17	834.95	10.57	96.78	95.64	145.06
31-Mar-21	341.21	842.48	7.53	104.31	103.17	136.33
31-Mar-22	470.71	1,820.36	119.11	223.42	222.28	106.23
30-Sep-22	792.37	1,605.05	106.12	462.23	129.36	176.70
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)

89.67%

97.06%

Promoter Shareholding (Post-Issue)

59.36%

71.18%

P/E Ratio

12.09

28.72

Market Cap

₹25.65 Cr.

₹62.59 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ITCONS E-Solutions IPO retail investors (RII) are offered 8,08,000 shares while in Patron Exim IPO retail investors are offered 8,08,000 shares. Qualified institutional buyers (QIB) are offered in ITCONS E-Solutions IPO and in Patron Exim IPO.

	ITCONS E-Solutions IPO	Patron Exim IPO
Anchor Investor Reserveration
Market Maker Reserveration	86,000 shares	3,16,000 shares
QIB
NII	8,06,000 shares	29,32,000 shares
RII	8,08,000 shares	29,32,000 shares
Employee
Others
Total	16,14,000 shares	58,64,000 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas Patron Exim IPO subscribed 1.07x.

	ITCONS E-Solutions IPO	Patron Exim IPO
QIB (times)
NII (times)	16.12x	0.97x
Big NII (times)
Small NII (times)
RII (times)	17.45x	1.17x
Employee (times)
Other (times)
Total (times)	16.79x	1.07x

Compare with others

ITCONS E-Solutions IPO	Patron Exim IPO
ResGen IPO	SVJ Enterprises IPO
Srivasavi Adhesive Tapes IPO	Sealmatic India IPO
SVJ Enterprises IPO	Macfos IPO
Sealmatic India IPO	ITCONS E-Solutions IPO
Macfos IPO	Viaz Tyres IPO
Viaz Tyres IPO	Lead Reclaim and Rubber Products IPO
Patron Exim IPO	Indong Tea Company IPO
Lead Reclaim and Rubber Products IPO	Agarwal Float Glass India IPO
Indong Tea Company IPO	Shera Energy IPO
Agarwal Float Glass India IPO	Gayatri Rubbers and Chemicals IPO

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