Patron Exim IPO vs Shera Energy IPO

Comparision between Patron Exim IPO and Shera Energy IPO.

IPO Details

Patron Exim IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Shera Energy IPO is a SME Book Built Issue proposed to list at NSE SME.

	Patron Exim IPO	Shera Energy IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Interactive Financial Services Ltd	Holani Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Holani Consultants 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 Shera Energy IPO is up to ₹35.20 Cr. The final issue price of Patron Exim IPO is ₹27.00 per share and of Shera Energy IPO is ₹57.00 per share.

	Patron Exim IPO	Shera Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹55.00 per share
Issue Price (Upper)		₹57.00 per share
Issue Price (Final)	₹27.00 per share	₹57.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	61,80,000 shares	10,48,000 shares
Fresh Issue Size (Amount)	up to ₹16.69 Cr	up to ₹5.97 Cr
OFS Issue Size		51,28,000 shares
OFS Issue Size (Amount)		up to ₹29.23 Cr
Issue Size Total	61,80,000 shares	61,76,000 shares
Issue Size Total (Amount)	up to ₹16.69 Cr	up to ₹35.20 Cr

IPO Timetable

Patron Exim IPO opens on Feb 21, 2023, while Shera Energy IPO opens on Feb 07, 2023. The closing date of Patron Exim IPO and Shera Energy IPO is Feb 24, 2023, and Feb 09, 2023, respectively.

	Patron Exim IPO	Shera Energy IPO
Anchor Bid Date		Feb 06, 2023
Issue Open	Feb 21, 2023	Feb 07, 2023
Issue Close	Feb 24, 2023	Feb 09, 2023
Basis Of Allotment (Tentative)	Mar 01, 2023	Feb 14, 2023
Initiation of Refunds (Tentative)	Mar 02, 2023	Feb 15, 2023
Credit of Share (Tentative)	Mar 03, 2023	Feb 16, 2023
Listing date (Tentative)	Mar 06, 2023	Feb 17, 2023
Anchor Lockin End date 1	Mar 31, 2023	Mar 16, 2023
Anchor Lockin End date 2	May 30, 2023	May 15, 2023

Financials

Patron Exim IPO P/E ratio is 28.72, as compared to Shera Energy IPO P/E ratio of 15.16.

Patron Exim IPO

Shera Energy 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

Shera Energy Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	27,731.94	42,619.14	361.43	5,624.34	11,062.67
31-Mar-21	29,315.64	42,271.92	502.67	6,075.60	10,542.28
31-Mar-22	32,523.73	52,458.21	699.50	6,673.35	11,812.67
30-Sep-22	33,832.97	33,953.72	428.25	7,054.88	11,437.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.06%

66.57%

Promoter Shareholding (Post-Issue)

71.18%

63.51%

P/E Ratio

28.72

15.16

Market Cap

₹62.59 Cr.

₹129.89 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 Shera Energy IPO retail investors are offered 29,32,000 shares. Qualified institutional buyers (QIB) are offered in Patron Exim IPO and 25,06,000 shares in Shera Energy IPO.

	Patron Exim IPO	Shera Energy IPO
Anchor Investor Reserveration		15,00,000 shares
Market Maker Reserveration	3,16,000 shares	4,00,000 shares
QIB		25,06,000 shares
NII	29,32,000 shares	8,20,000 shares
RII	29,32,000 shares	18,50,000 shares
Employee		6,00,000 shares
Others
Total	58,64,000 shares	57,76,000 shares

Bids Received (Subscription)

Patron Exim IPO subscribed 1.07x in total, whereas Shera Energy IPO subscribed 47.36x.

	Patron Exim IPO	Shera Energy IPO
QIB (times)		8.73x
NII (times)	0.97x	190.12x
Big NII (times)
Small NII (times)
RII (times)	1.17x	51.30x
Employee (times)		1.46x
Other (times)
Total (times)	1.07x	47.36x

Compare with others

Patron Exim IPO	Shera Energy 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	Agarwal Float Glass India 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	Aristo Bio-Tech and Lifescience IPO

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