Patron Exim IPO vs Sealmatic India IPO

Comparision between Patron Exim IPO and Sealmatic India IPO.

IPO Details

Patron Exim IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sealmatic India IPO is a SME Book Built Issue proposed to list at BSE SME.

	Patron Exim IPO	Sealmatic India IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Interactive Financial Services Ltd	Isk Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Sunflower Broking Private Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Patron Exim IPO is up to ₹16.69 Cr whereas the issue size of the Sealmatic India IPO is up to ₹56.24 Cr. The final issue price of Patron Exim IPO is ₹27.00 per share and of Sealmatic India IPO is ₹225.00 per share.

	Patron Exim IPO	Sealmatic India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹220.00 per share
Issue Price (Upper)		₹225.00 per share
Issue Price (Final)	₹27.00 per share	₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	600 shares
Fresh Issue Size	61,80,000 shares	18,50,000 shares
Fresh Issue Size (Amount)	up to ₹16.69 Cr	up to ₹41.63 Cr
OFS Issue Size		6,49,600 shares
OFS Issue Size (Amount)		up to ₹14.62 Cr
Issue Size Total	61,80,000 shares	24,99,600 shares
Issue Size Total (Amount)	up to ₹16.69 Cr	up to ₹56.24 Cr

IPO Timetable

Patron Exim IPO opens on Feb 21, 2023, while Sealmatic India IPO opens on Feb 17, 2023. The closing date of Patron Exim IPO and Sealmatic India IPO is Feb 24, 2023, and Feb 21, 2023, respectively.

	Patron Exim IPO	Sealmatic India IPO
Anchor Bid Date		Feb 16, 2023
Issue Open	Feb 21, 2023	Feb 17, 2023
Issue Close	Feb 24, 2023	Feb 21, 2023
Basis Of Allotment (Tentative)	Mar 01, 2023	Feb 24, 2023
Initiation of Refunds (Tentative)	Mar 02, 2023	Feb 27, 2023
Credit of Share (Tentative)	Mar 03, 2023	Feb 28, 2023
Listing date (Tentative)	Mar 06, 2023	Mar 01, 2023
Anchor Lockin End date 1	Mar 31, 2023	Mar 26, 2023
Anchor Lockin End date 2	May 30, 2023	May 25, 2023

Financials

Patron Exim IPO P/E ratio is 28.72, as compared to Sealmatic India IPO P/E ratio of 18.75.

Patron Exim IPO

Sealmatic India IPO

Financial

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

Sealmatic India Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,325.06	3,358.88	494.14	1,524.67	1,504.67	278.30
31-Mar-21	2,975.94	3,548.18	649.76	2,174.43	2,154.43	272.62
31-Mar-22	3,947.36	4,276.80	841.46	3,015.89	2,995.89	93.56
30-Sep-22	5,108.52	2,582.12	543.45	3,550.15	2,830.15	224.39
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.06%

100.00%

Promoter Shareholding (Post-Issue)

71.18%

72.38%

P/E Ratio

28.72

18.75

Market Cap

₹62.59 Cr.

₹203.63 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Patron Exim IPO retail investors (RII) are offered 29,32,000 shares while in Sealmatic India IPO retail investors are offered 29,32,000 shares. Qualified institutional buyers (QIB) are offered in Patron Exim IPO and 3,79,800 shares in Sealmatic India IPO.

	Patron Exim IPO	Sealmatic India IPO
Anchor Investor Reserveration		5,69,400 shares
Market Maker Reserveration	3,16,000 shares	1,26,000 shares
QIB		3,79,800 shares
NII	29,32,000 shares	5,53,200 shares
RII	29,32,000 shares	9,97,200 shares
Employee
Others
Total	58,64,000 shares	19,30,200 shares

Bids Received (Subscription)

Patron Exim IPO subscribed 1.07x in total, whereas Sealmatic India IPO subscribed 16.61x.

	Patron Exim IPO	Sealmatic India IPO
QIB (times)		8.71x
NII (times)	0.97x	30.22x
Big NII (times)
Small NII (times)
RII (times)	1.17x	12.06x
Employee (times)
Other (times)
Total (times)	1.07x	16.61x

Compare with others

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

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